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.

Government & Public Policy
Hoboken advances agreement with Ironstate for residential project, preserving waterfront site

Hoboken city officials are clearing the way for an agreement with Ironstate Development Co. that would bring more than 360 new apartments to the site of a run-down municipal garage, while preserving a waterfront parcel that local leaders had long sought to protect.

Industrial
Sanzari, logistics user ink 41,000 sq. ft. lease in South Hackensack

A delivery and logistics company has found a new location in the Meadowlands, where it has leased more than 40,000 square feet of industrial space from Alfred Sanzari Enterprises.

Finance & Capital Markets
C&W: Joint venture recapitalizes three-building, 807,000 sq. ft. Newark industrial complex

An investment firm has joined the ownership group of a sprawling industrial complex in Newark, under a recapitalization announced Tuesday by Cushman & Wakefield.

Retail
LMC adds 840,000 sq. ft. management assignment in New Jersey, Pennsylvania

The owner of a nine-property, 840,000-square-foot portfolio in New Jersey and Pennsylvania has tapped Levin Management Corp. to manage the mix of mostly retail assets.

Office
Mack-Cali reveals new renderings, programming for revamped Jersey City campus (SLIDESHOW)

Mack-Cali Realty Corp. is providing a new glimpse at the long-awaited overhaul of its flagship campus in Jersey City, where it will unveil a series of upgraded office buildings, amenities for tenants and programming to draw visitors to its redesigned public spaces.

Finance & Capital Markets
Developer lands $48 million loan package for next phase of Elmwood Park project, JLL says

The developer of a two-building, 240-unit luxury apartment complex in Elmwood Park has secured $48 million in financing, according to a debt placement team with JLL.

Industrial
BRC inks 31,000 sq. ft. industrial lease in Kearny

An industrial user has signed a full-building, 31,000-square-foot lease in Hudson County, under a newly announced transaction by Bussel Realty Corp.

Retail
Goldstein Group: New retail center in Little Ferry adds four tenants

Four tenants have joined the roster at a new Bergen County shopping center, in a series of newly announced deals by The Goldstein Group.

Events
Jersey City Summit announces three-day virtual event with Murphy, Fulop among speakers

Gov. Phil Murphy and Jersey City Mayor Steven Fulop will once again headline The Jersey City Summit for Real Estate Investment, a popular conference that’s slated to take place this year in virtual form and spotlight the community’s still-surging development pipeline.

Retail
Buyer wanted for 153,000 sq. ft. retail center in Paramus, JLL says

A fully leased, two-story retail center in Paramus is on the market for sale, with the potential to command a price of nearly $50 million.