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
JLL: Developers land permanent financing for 67-unit Ho-Ho-Kus rental project

A joint venture has closed on permanent financing for a newly completed, 67-unit luxury apartment property in Ho-Ho-Kus, brokers with JLL announced Wednesday

Retail
Prism adds Chase, Chipotle to growing retail mix at ON3 campus

Prism Capital Partners has signed new leases to bring Chase and Chipotle to its ON3 campus in Clifton and Nutley, expanding its retail mix after the arrival of Starbucks late last year.

Professional Services
Mandelbaum Barrett adds Hockstein as partner, expands to Hudson County

Hudson County real estate attorney Linda J. Hockstein has joined Mandelbaum Barrett PC, giving the firm a strong presence in the region as development continues along the Gold Coast.

Retail
MilkShake Factory set to open in Jersey City, with two other New Jersey locations to follow

MilkShake Factory, a premium dessert brand, is entering New Jersey with three newly announced locations set to open over the next year.

Community
NAIDB marks Hunger Action Month at Community FoodBank of New Jersey

Food insecurity was the focus of the latest community outreach initiative for NAI DiLeo-Bram & Co., whose team volunteered recently at the Community FoodBank of New Jersey in Hillside.

Residential & Mixed Use
JLL: Site Centers sells Edgewater property with Whole Foods, 64 apartments for $53 million

A local investor has acquired a Whole Foods-anchored retail center and 64 apartments in Edgewater for more than $53 million, in a newly announced deal by JLL.

Residential & Mixed Use
Bel Canto breaks ground on high-profile, 375-unit luxury rental project at Moorestown Mall

Construction is underway on a project that will bring 375 luxury apartments to Moorestown, in a key piece of the plan to transform excess land around the township’s well-known mall.

Residential & Mixed Use
Russo unveils 268-unit Belleville rental project, joining longtime local business owner

Russo Development is hailing the success of a new mixed-use apartment property in Belleville, where it has teamed with a well-known business to transform part of a key corridor.

Professional Services
Cresa adds Schreier as principal to help continue growth in New York City

Tenant brokerage firm Cresa has added to its team in the region with the hiring of Aron Schreier as a principal in its New York City office.

Retail
Total Wine & More debuts 32,000 sq. ft. store at North Brunswick shopping center, LMC says

Total Wine & More has opened a new store in North Brunswick, where it occupies 32,000 square feet under a lease arranged by Levin Management Corp. and RIPCO Real Estate.