Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Industrial
Mapletree sells four New Jersey industrial assets in multistate, $575 million deal with EQT

Mapletree Investments is selling more than 4 million square feet of industrial space to EQT Real Estate for $575 million, in a deal that includes nearly 740,000 square feet in New Jersey.

Professional Services
Goldsmith, esteemed Greenbaum redevelopment lawyer, joins NRBP Real Estate Council

Robert S. Goldsmith, a partner with Greenbaum, Rowe, Smith & Davis LLP and one of the state’s most accomplished land use and redevelopment lawyers, has joined the Newark Regional Business Partnership’s newly formed Real Estate Council.

Professional Services
Wickner Realty debuts tech-driven third-party management firm

Wickner Realty Development Corp. has launched a new third-party management affiliate that will combine its own experience with what it described as the latest technologies.

Government & Public Policy
BPU greenlights massive expansion of community solar, launching new 3,000-megawatt block

A sweeping expansion of New Jersey’s community solar program is set to begin, allowing for a new wave of clean energy projects that benefit both residents and commercial landlords.

Industrial
Crow Holdings, partners sell 1 million sq. ft. Exit 8 warehouse to BGO, in deal arranged by JLL

A team led by Crow Holdings Development has sold nearly 1 million square feet of new logistics space in Millstone, in a deal with the global real estate investment manager BGO.

Finance & Capital Markets
Russo lands construction loan for 198-unit rental project in Belmar, Cushman says

Russo Development has secured construction financing for a project that will bring 198 new apartments to Belmar’s seaport district, brokers with Cushman & Wakefield announced.

Retail
Toms River OKs Doren Development plan to build new Starbucks on Route 37

Doren Development is advancing plans to build a new Starbucks in Toms River after receiving local approval for the freestanding project.

Residential & Mixed Use
Cervelli: Six-unit Jersey City rental building trades with ‘immediate’ value-add potential

A longtime apartment owner in Jersey City has added a six-unit building in the Bergen-Lafayette neighborhood, in a deal arranged by Cervelli Real Estate and Property Management.

Industrial
Seagis signs two new leases totaling 25,000 sq. ft. at updated industrial building in Carlstadt

Seagis Property Group has filled some 25,000 square feet of industrial space in the Meadowlands with new leases to a logistics service provider and a national stone company.

Professional Services
Najarian Associates marketing, communications director marks milestone with consulting firm

Najarian Associates is marking the 20th anniversary of Ohannes Najarian, a second-generation member of its leadership team and a key figure in its business development efforts.