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.

Government & Public Policy
Murphy touts $49 million upgrade of New Brunswick train station, as development booms

The New Brunswick train station is a getting a nearly $50 million upgrade, thanks to an infusion of state funds detailed Friday by Gov. Phil Murphy and other officials.

Finance & Capital Markets
IDB Bank names new senior vice president for tristate real estate lending platform

IDB Bank has announced a new senior vice president and head of New York commercial real estate lending for the company’s tristate area platform.

Professional Services
Environmental consultant JM Sorge joins Ohio-based professional services firm

Professional services firm Verdantas has acquired JM Sorge Inc., the Somerville-based environmental consulting group founded in 1986.

Residential & Mixed Use
Kislak inks sale of 59 apartments in Harrisburg for $5.25 million

The Kislak Co. Inc. has brokered two new multifamily trades in Central Pennsylvania, arranging the sale of 59 units for a combined $5.25 million, the Woodbridge-based firm announced.

Sponsored Content
DMR Architects: You build trust by trusting people
"You build trust by trusting people." — Lloyd Rosenberg, President & CEO That philosophy has allowed DMR Architects to become a top architecture, interior design and professional planning firm, with a practice that is among the industry’s most diverse and…
Industrial
Two-building, 125,000 sq. ft. flex complex in Florham Park trades for $22.5 million

The longtime owner of a nearly 125,000-square-foot flex industrial complex in Florham Park has sold the property for $22.5 million, in a deal arranged by McBride Corporate Real Estate.

Industrial
Division of HVAC giant Watsco takes 24,000 sq. ft. at Lakewood warehouse

A subsidiary of HVAC distributor Watsco Inc. has leased 24,000 square feet of warehouse space in Lakewood, according to a legal team with Bertone Piccini LLP.

Health Care & Education
Health care system buys 63,000 sq. ft. Clifton medical office building, NAI Hanson says

A regional health care system is expanding with its purchase of a 63,000-square-foot medical office building in Clifton, brokers with NAI James E. Hanson announced.

Finance & Capital Markets
Northmarq inks $9 million refi of 54-unit Hackensack rental building

The owner of a 54-unit apartment building in Hackensack has secured $9 million to refinance the property, in a transaction arranged by Northmarq.

Professional Services
JLL adds prominent brokerage duo to New York City retail team

JLL has made another two high-profile additions to its brokerage team in the region, this time in the retail sector.