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
Kennedy Funding closes loan for ambitious Albany redevelopment

Kennedy Funding has closed $850,000 in financing to the developers of a four-building, mixed-use project in Albany, New York, the Englewood Cliffs-based lender announced last week.

Residential & Mixed Use
Claremont eyes debut of 240-unit apartment community in Park Ridge (SLIDESHOW)

Claremont Development is set to unveil a new 240-unit luxury multifamily project in Park Ridge, offering a downtown location and immediate access to the borough’s train station.

Finance & Capital Markets
NorthMarq inks $51 million to refinance Middlesex County rental complexes

The owner of a 184-unit apartment complex in Sayreville has refinanced for $27 million, in the largest of three newly announced transactions by NorthMarq.

Professional Services
Langan makes rare acquisition to expand footprint in Texas

Langan Engineering & Environmental Services has acquired a Dallas-based professional services firm, seeking to accelerate its growth in Texas after entering the state in 2015.

Professional Services
Genova Burns promotes real estate attorney among latest moves

An attorney with Genova Burns LLC’s real estate and land use teams has earned a promotion to counsel, in one of several newly announced moves by the Newark-based law firm.

Finance & Capital Markets
Progress Capital sources $17.25 million loan for Journal Square apartment deal

The buyer of an apartment and retail building in Jersey City has landed more than $17 million in financing, according to an advisory team with Progress Capital.

Office
Birch Group eyes $1 million upgrade at Parsippany office campus

A landlord is planning a $1 million overhaul of a two-building office park in Parsippany, hoping to capitalize on the site’s location between Interstate 80 and Route 46.

Industrial
Third-party logistics user leases 6,000 sq. ft. at Ballantine industrial complex in Newark

A logistics firm is taking 6,000 square feet at a sprawling industrial complex in Newark, in a lease arranged by brokers with NAI James E. Hanson.

Government & Public Policy
Pandemic’s full impact still unclear, prompting a measured approach to property tax appeals

The pandemic’s impact on property valuations is still far from clear, with some owners taking a more measured approach to tax appeals ahead of this year’s filing deadline in New Jersey.

Finance & Capital Markets
Lender for residential investors moves into New Jersey, opens Woodbridge office

A growing residential real estate investment lender has expanded into New Jersey, while announcing the hiring of an executive to lead the new office.