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.

Health Care & Education
CHA completes upgrades, welcomes new tenant at Logan medical office building

CHA Partners has completed its renovation of a nearly 26,000-square-foot medical office property in Logan Township, the development firm announced Monday.

Finance & Capital Markets
JLL inks $43 million loan for MCB, Hampshire ‘town center’ project near Philadelphia

A joint venture has landed nearly $43 million in financing to build a mixed-use, grocery-anchored development at the site of an existing commercial complex outside Philadelphia.

Residential & Mixed Use
Investors trade 484-unit Newark apartment portfolio for $80 million, Gebroe-Hammer says

A private investment group has sold nearly 500 apartments in Newark’s North Ward for more than $80 million, under a deal arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
Developers unveil 116-unit Secaucus rental project amid strong leasing momentum

Renters are flocking to a revitalized site in northern Secaucus, where three well-known builders have delivered more than 100 new luxury apartments at the edge of the Hackensack River.

Events
Jersey City real estate market continues surge ahead of 7th annual Jersey City Summit

With few signs of slowing down, the still fervent pace of new development in Jersey City has set the stage for a conference next month that’s poised to draw more than 1,000 attendees.

Finance & Capital Markets
Northmarq sources $16 million loan for new East Orange apartments

A developer has secured a $16 million permanent loan for a new 103-unit apartment building in East Orange, in a deal arranged by Northmarq.

Professional Services
NAI Fennelly inks 31 leases, renewals through first four months of 2022

A brokerage team is touting the completion of 31 leases during the first four months of 2022, accounting for more than 200,000 square feet of activity in and around central New Jersey.

Residential & Mixed Use
KRE, Northwestern unveil new Jersey City high-rise after leasing 500 units in five months

Developers marked the opening of a new luxury apartment tower in downtown Jersey City, where renters absorbed more than 500 apartments in just five months, in a sign of the relentless demand that continues to feed the city’s residential market.

Office
DMP details plan to upgrade 600,000 sq. ft. Eisenhower Park campus in Roseland

The asset and property manager of the three-building, 600,000-square-foot Eisenhower Park campus in Roseland is set to launch a sweeping overhaul of the portfolio.

Health Care & Education
CBRE inks $7 million trade of medical office portfolio in Bergen, Camden

An investor has purchased a series of medical office properties in Bergen and Camden counties, paying just over $7 million in a deal arranged by CBRE.