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.

People
Second generation joins Bravitas Group to lead acquisitions, strategic initiatives

A new generation has joined The Bravitas Group Inc. in Montclair as the real estate firm’s managing director for acquisitions and strategic initiatives.

Residential & Mixed Use
New York-based buyer adds 43-unit Jersey City rental portfolio for $6.9 million

A private investor has purchased a three-building, 43-unit apartment portfolio in Jersey City for $6.9 million, according to a brokerage team with Capital Realty Associates.

Residential & Mixed Use
Larken Associates touts preleasing success at new 254-unit Readington rental property

Larken Associates has preleased nearly 90 percent of a new 254-unit luxury apartment property in Readington, with plans to welcome its first residents in the coming months.

Photos
Spencer Savings Bank continues service, financial support to Habitat for Humanity

Spencer Savings Bank has continued its partnership with Habitat for Humanity with two recent projects in the region and a donation to the organization’s Bergen County affiliate.

Residential & Mixed Use
Diversified, Fidelco launch leasing at 263-unit second phase of Union multifamily project

A development team has unveiled its next phase of luxury apartments in Union Township, where plans call for another 263 units after the project’s initial debut in 2018.

Industrial
Thor acquires 330,000 sq. ft. Passaic warehouse for $52 million

Thor Equities Group has acquired a fully leased, 330,000-square-foot industrial building in Passaic for $52 million, as it touts continued investment in the asset class and the region.

Office
SJP, biopharma firm ink new 20,000 sq. ft. lease at Bridgewater office campus

A biopharmaceutical company is relocating its New Jersey office after signing a new 20,000-square-foot lease in Bridgewater with SJP Properties.

Retail
Asian hot pot, barbeque chain takes 10,000 sq. ft. in Neptune, Azarian says

A restaurant that blends Asian hot pots with Korean barbeque has leased 10,000 square feet at a Monmouth County shopping center, in a newly announced deal by Azarian Realty Co.

Residential & Mixed Use
Veris Residential brings electric vehicle charging stations to 750-unit Jersey City high-rise

Veris Residential Inc. has unveiled a partnership that has brought two dozen electric vehicle charging ports to a newly built, 750-unit apartment tower in downtown Jersey City.

Retail
Popeyes, Just Salads take space at Route 23 shopping center, Goldstein Group says

Two national restaurant chains have leased a combined 4,800 square feet at a Passaic County shopping center, in a set of deals arranged by The Goldstein Group.