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
Garibaldi: Northwestern Mutual relocating in Morris Co., takes 21,000 sq. ft. in Florham Park

Northwestern Mutual is on the move in Morris County after leasing more than 21,000 square feet of office space in Florham Park, brokers with The Garibaldi Group announced Tuesday.

Residential & Mixed Use
BNE unveils, launches leasing at new 99-unit rental property in Fairfield

BNE Real Estate Group has launched leasing at a collection of 99 upscale apartments in Fairfield, as it marks the debut of its latest multifamily property in the state.

Industrial
Velocity, Binswanger tout sale of 20,000 sq. ft. Cherry Hill industrial property

Velocity Venture Partners has sold a 20,000-square-foot industrial flex property in Cherry Hill, in a newly announced transaction by Binswanger.

Retail
FNRP names new vice president of NNN leasing, acquisitions

First National Realty Partners LLC has hired a longtime broker for the newly created position of vice president of triple-net leasing and acquisitions.

Photos
Developers, public officials mark Arbor Day with tree plantings at Vermella properties

The developers of four multifamily projects joined public officials last week to celebrate Arbor Day, touting the benefits of redevelopment and the use of green building practices at the sites.

Industrial
Houston-based firm, capital partner buy 580,000 sq. ft. Bridgewater industrial park

An investment group led by a Houston-based firm has acquired an 18-building industrial park in Bridgewater, adding more than 580,000 square feet to its portfolio in the region.

Industrial
Bridge names Northeast acquisitions director amid new value-add platform

Bridge Industrial has named a new director of acquisitions in the Northeast as part of a series of recent moves by the fast-growing logistics and warehouse space developer.

Finance & Capital Markets
JLL: Hekemian & Co. inks $78 million refi of new Hackensack apartments

An affiliate of Hekemian & Co. has landed a $78 million loan to refinance a new 254-unit luxury apartment building in Hackensack, in a transaction arranged by JLL.

Professional Services
Kitchen & Associates names new managing principal after more than a decade

Design firm Kitchen & Associates has named a new managing principal to help guide its continued growth across the multifamily sector.

Residential & Mixed Use
CBRE: OneWall sells 44-unit East Orange apartment building in latest Essex County deal

Workforce housing investor OneWall Communities has sold a 44-unit apartment building in East Orange, marking the latest deal involving its Essex County portfolio.