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
Saxum Real Estate announces new principals, promotions amid continued growth

By Joshua Burd Saxum Real Estate has announced two new principals and a series of promotions as the Summit-based developer and investment firm continues its growth nationally. The new principals include Chad DeBolt and Sean Gilbert, who both joined the…

Office
Joint venture rounds out redevelopment, unveils new luxury rentals in Jersey City

A development group has launched leasing at a collection of 238 luxury apartments in Jersey City, marking the final phase of a high-profile redevelopment effort.

Retail
NAI DiLeo-Bram: Korean eatery takes 2,200 sq. ft. at mixed-use Somerville building

A homestyle Korean restaurant has leased nearly 2,200 square feet at a historic building in downtown Somerville, according to brokers with NAI DiLeo-Bram & Co.

Industrial
Union County industrial buildings fetch $2 million, BRC says

A provider of printing and packaging solutions has sold a two-building, 20,000-square-foot industrial portfolio in Union County, in a newly announced transaction by Bussel Realty Corp.

Residential & Mixed Use
Developers, HMFA unveil 90-unit affordable housing project in Plainfield

A development team has taken the wraps off a new 90-unit affordable housing property in Plainfield, while bringing new life to what was a blighted commercial property.

Finance & Capital Markets
Investors Bank inks loans for Montclair, Lawnside apartments among recent activity

Investors Bank is touting the completion of more than $2 billion in commercial real estate lending volume in 2020, including continued financing of new construction and acquisitions.

People
SJP names new senior vice president of acquisitions

SJP Properties has tapped a longtime real estate investment professional as its new senior vice president of acquisitions.

Office
Legal nonprofit renews 6,000 sq. ft. lease in Atlantic City, WCRE says

A legal aid organization has renewed its lease at an Atlantic City office building, under a newly announced transaction by Wolf Commercial Real Estate.

People
Woodmont announces promotions in training, property management

Woodmont Properties has announced two new promotions tied to its expanded focus on training and career development.

Government & Public Policy
New grants for New Jersey towns, cities could boost redevelopment opportunities

Business leaders are cheering the passage of a new economic development incentives law in New Jersey, following a two-year battle in Trenton and the added uncertainty of the pandemic. Yet some stakeholders are pointing to a far less heralded, less contentious piece of the New Jersey Economic Recovery Act as a key tool for spurring new investments around the state.