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
Procida closes $21 million construction loan for Kearny multifamily project

Procida Funding has originated a $20.5 million construction loan to the owner of a multifamily development site in Kearny, where plans call for a project with 69 apartments.

People
PREMIER Design + Build Group announces promotion for Northeast market leader

PREMIER Design + Build Group has announced a promotion for its Northeast market leader, based in the firm’s New Jersey office.

Professional Services
Shaw to helm Alban Group as partner, executive vice president with Newark-based firm

The Alban Group has named a new partner and executive vice president to lead the construction firm after more than 30 years under the guidance of the late Tim Zerka.

Residential & Mixed Use
Hudson Atlantic touts strong 2022, inking $293 million in sales spanning 1,300 apartments

Hudson Atlantic Realty recorded more than $293 million in closings in 2022, its first full year in business, having completed 18 deals spanning more than 1,300 apartments.

Photos
IOREBA holiday party draws New Jersey CRE leaders

Local industry leaders gathered last month for the annual holiday party hosted by the Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area.

Deals
Marcus inks $46 million sale of 310,000 sq. ft. retail, office portfolio in Ocean County

A real estate firm has acquired 10 retail and medical office properties in Ocean County for $46 million, expanding its footprint in the region by more than 300,000 square feet.

Government & Public Policy
Murphy signs bill to allow third-party code inspections, drawing cheers from real estate industry

Gov. Phil Murphy has signed into law a bill that aims to speed up construction permitting in New Jersey, allowing developers to hire private-sector code inspectors if local officials cannot complete a review within three business days of a requested date.

Professional Spotlight
CSG Law announces five promotions on real estate, property tax teams

Chiesa Shahinian & Giantomasi PC has announced five new promotions across its team of real estate, land use and property tax attorneys.

Finance & Capital Markets
Spencer Savings Bank adds RIPCO’s Fasano to board of directors

Spencer Savings Bank has appointed longtime commercial real estate industry executive Michael Fasano to its board of directors.

Office
Sanzari signs 6,400 sq. ft. renewal at Glenpointe with laser eye surgery practice

A laser eye surgery practice has renewed its nearly 6,500-square-foot lease at Alfred Sanzari Enterprises’ Glenpointe office campus in Teaneck, the landlord announced Thursday.