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.

Finance & Capital Markets
Saxum lands $78 million construction loan for Philly rental project, in JLL-brokered deal

Saxum Real Estate has closed on nearly $78 million in financing for the first piece of what will be 466 new luxury apartments in Philadelphia’s growing Northern Liberties neighborhood.

Events
IOREBA unveils high-profile speaker lineup for upcoming ‘Developers Night’ program

The Industrial and Office Real Estate Brokers Association has unveiled a panel of eight industry leaders who will headline its popular Developers Night event next month.

Professional Services
Vantage Commercial promotes Richardson, Stein as brokerage firm continues growth

Vantage Commercial has promoted two of the top performers on its Cherry Hill-based team of brokers and advisers.

Top News
Onyx, Machine Investment Group buy 2 million sq. ft. Merck campus in Kenilworth

Merck & Co. has sold its 108-acre campus in Kenilworth to a joint venture of Onyx Equities and Machine Investment Group, with plans to lease back the nearly 2 million-square-foot complex while it relocates in phases over the next several years.

Retail
Cava, Shake Shack among seven new retail users coming to Harmon Meadow

Seven new eateries and retailers are coming to the sprawling Harmon Meadow complex in Secaucus, in a series of newly announced deals by RIPCO Real Estate.

Retail
Vantage Commercial: Gym opens in Cherry Hill shopping center after leasing 4,700 sq. ft.

A gym operator has leased 4,700 square feet at a retail center in Cherry Hill, in a newly announced deal by Vantage Commercial.

Health Care & Education
Dermatologist taps Fennelly Associates to sell East Windsor medical office building

The owner of a fully occupied, 10,000-square-foot medical office building in East Windsor has hired Fennelly Associates to sell the property.

Industrial
Manufacturer eyes expansion in Carteret, as mayor hosts company leaders from South Korea

A global cosmetics maker is expanding its operations in Carteret as part of a plan to overhaul its 139,000-square-foot plant just west of the New Jersey Turnpike.

Finance & Capital Markets
Park Stone, Fields Grade ink $37 million refi of new 99-unit Journal Square rental building

The developers of a new 99-unit luxury apartment building in Jersey City’s fast-growing Journal Square neighborhood have refinanced the property for $37 million.

Retail
Experts: Big-box retail leasing still strong despite years of chain bankruptcies, store closings

Even with the fall of Toys R Us, Sears and other chains — and recent trouble for the likes of Party City and Bed Bath & Beyond — big-box retail is alive and well in New Jersey.