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.

Industrial
Dermody names new director of property management for East Coast portfolio

Dermody Properties has announced a new hire to the team overseeing its East Coast portfolio of industrial buildings.

Retail
Hoboken landlord announces 16 new leases across retail, office portfolio

A locally based developer and property owner has announced 16 new commercial leases across its Hoboken portfolio, bringing a host of new businesses to the Mile Square City.

Residential & Mixed Use
FirstService Residential director tapped for business development role

FirstService Residential has named a new business development director in New Jersey and Pennsylvania, the property management company announced Tuesday.

Health Care & Education
St. Joseph’s to occupy new ground-up 140,000 sq. ft. medical complex in Totowa

A hospital network is expanding its footprint with a built-to-suit, 140,000-square-foot medical office complex in Totowa, in a newly announced transaction by Lee & Associates New Jersey.

Finance & Capital Markets
Stro inks $28 million refi for industrial buildings in Union, Bergen counties

The Stro Cos. has secured nearly $28 million to refinance a five-building, 340,000-square-foot portfolio of industrial buildings in Union and Bergen counties.

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.