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.

Office
Chilmark named leasing agent for 62,000 sq. ft. Montvale office building

The owner of a 62,000-square-foot office building in Montvale has tapped Chilmark Real Estate Services as its leasing agent for the property.

Finance & Capital Markets
Denholtz, Redwood ink $32 million construction loan for Bound Brook rental project, JLL says

A joint venture has landed more than $32 million in construction financing for a planned 143-unit apartment building in Bound Brook, brokers with JLL announced Thursday.

Residential & Mixed Use
Tulfra, Hampshire sell new luxury rental project in North Haledon for $89 million

Tulfra Real Estate and The Hampshire Cos. have sold a newly built, 180-unit apartment property in North Haledon for $89 million, in the culmination of a project that was a decade in the making.

Government & Public Policy
Murphy joins LCOR, NJ Transit to break ground on historic Hoboken Connect project

Construction is set to begin on the long-awaited Hoboken Connect project, where plans call for improving the city’s historic transit terminal, infrastructure upgrades and new development that would include nearly 400 apartments and 635,000 square feet of high-end office space.

Professional Services
Neuer joins JLL capital markets team in New Jersey

JLL has bolstered its New Jersey capital markets team in the region with the addition of Jeremy Neuer, a prominent broker in the state and an expert in the office sector.

Residential & Mixed Use
Park Stone, Fields Grade launch leasing at new 99-unit Journal Square rental building

Leasing is underway at a new six-story, 99-unit luxury apartment building in Jersey City’s fast-growing Journal Square district.

Office
Avison Young: Shelbourne, electronics parts maker ink 61,000 sq. ft. lease in Piscataway

A manufacturer of electronics parts has leased more than 60,000 square feet in Piscataway, in the largest of several newly announced deals by Avison Young.

Retail
Route 22 retail center fully leased after lease with dance studio, Deluccia says

A dance studio has leased 4,200 square feet at a Somerset County shopping center, in a newly announced deal by Deluccia Commercial Group.

Government & Public Policy
Demolition begins in East Brunswick as builders, officials prepare to transform Route 18

A development team has started demolition of a blighted, long-vacant retail complex along Route 18 in East Brunswick, in a critical step in a plan to build new apartments, commercial space and other uses as part of a destination spanning dozens of acres.

Residential & Mixed Use
RMS Cos. sells newly built, 153-unit rental property in Union Twp.

Development firm RMS Cos. has sold a 153-unit luxury apartment building in Union Township, its first completed project in New Jersey, in a deal arranged by CBRE.