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.

Residential & Mixed Use
‘The Journal’ takes center stage at Jersey City Summit as Kushner team discusses landmark 1,723-unit project

The team behind one of New Jersey’s largest-ever residential projects took the stage at the Jersey City Summit to discuss the project’s pending completion, its impact on the resurgent Journal Square neighborhood and what’s still to come for the surrounding blocks.

People
Pizzolato joins CBRE debt, structured finance team as senior vice president

CBRE has bolstered its debt and structured finance team in New Jersey with the addition of broker Matthew Pizzolato as a senior vice president.

Finance & Capital Markets
Capodagli secures $80 million bridge loan from Greystone for 325-unit Roselle Park project

Greystone has provided an $80 million bridge loan to Capodagli Property Co. for the developer to refinance a 325-unit apartment building in Roselle Park.

Residential & Mixed Use
Investors trade 24-unit Roselle Park apartment building in deal arranged by Kislak

An investor has sold a 24-unit apartment building in Roselle Park for nearly $4.2 million, according to a brokerage team with The Kislak Co. Inc.

Retail
Cushman touts sales of six bank branches in northern, central N.J. in deals totaling $5.7 million

Six vacant bank branches in New Jersey have changed hands after a series of deals totaling more than $5.7 million, brokers with Cushman & Wakefield announced Friday.

Office
Princeton Junction office building trades for $2.2 million, Sheldon Gross says

A private investor has purchased a 13,000-square-foot office building in West Windsor for $2.19 million, in a newly announced deal by Sheldon Gross Realty.

Events
‘We are in the people business’ — Milanaik reflects on distinguished career as NAIOP gala honors top CRE projects and players

NAIOP New Jersey hosted its 38th annual Commercial Real Estate Awards Gala on Thursday, honoring five individuals and companies while unveiling five Deal of the Year award winners before a sold-out crowd of more than 750 registered attendees.

Professional Services
Lease by Resource Realty’s Consiglio, Peck ranked #18 on SIOR top 50 industrial deals of 2024

The Society of Industrial and Office Realtors has recognized Tom Consiglio and Scott Peck of Resource Realty of Northern New Jersey for their role in a major industrial lease in New York’s Orange County, including the deal in its Top 50 Industrial Transactions List of 2024.

Office
WCRE: Tenant takes 2,700 sq. ft. at Gloucester County office building

The owner of an office building in Gloucester County has added to its tenant roster with a new lease for more than 2,700 square feet, brokers with Wolf Commercial Real Estate said.

Finance & Capital Markets
JLL: LPC, Ullico ink $17 million financing deal for 139,000 sq. ft. Hamilton industrial building

A joint venture has secured $16.8 million in acquisition and bridge financing for a nearly 139,000-square-foot industrial building in Hamilton, in a deal arranged by JLL.