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.

Professional Services
Newmark bolsters tech, innovation practice with former WeWork leasing expert

An expert in the flexible office sector has joined Newmark, serving as a key addition to a brokerage team focused on clients in the technology and innovation fields.

Residential & Mixed Use
Developer sells new 62-unit rental building in downtown Bergenfield, Kislak says

An affiliate of Hornrock Properties has sold a new 62-unit luxury apartment building in Bergenfield for nearly $23 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Procida eyes $40 million rehab of historic Paterson silk mill, with plans for 127 apartments

A development team led by Procida Funding has unveiled plans to create nearly 130 new apartments at the site of a historic mill complex near Paterson’s Great Falls.

Office
Kimmerle touts design, build-out of health products firm’s new Morristown headquarters

A maker of healthy ingredients for food and wellness products has debuted its new office in downtown Morristown, in a project designed and spearheaded by Kimmerle Group.

Residential & Mixed Use
Kislak inks $6.6 million sale of Neptune City apartments, in string of Monmouth deals

An investor has purchased a 36-unit garden apartment complex in Neptune City for $6.55 million, in the largest of three newly announced deals by The Kislak Co. Inc.

Professional Services
WCRE adds senior retail broker, facilities manager to Marlton-based team

Wolf Commercial Real Estate has made another key hire, seeking to grow both its facilities services platform and its team of retail brokers in New Jersey and Pennsylvania.

Finance & Capital Markets
JLL inks $61 million refi for 200,000 sq. ft. outer boroughs industrial portfolio

Seagis Property Group LP has landed nearly $61 million to refinance seven light industrial buildings in New York City, in a deal by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Developer sells newly built Morris County apartments for $45 million

A development team has sold a newly built, 126-unit apartment complex in northwestern Morris County, in a transaction arranged by Cushman & Wakefield.

Office
Software firm takes 25,000 sq. ft. at Bell Works, plans meeting hub for all-remote workforce

A software firm with a fully remote workforce has leased 25,000 square feet at Holmdel’s Bell Works complex, seeking to create a hub for in-person meetings and collaboration.

Events
United Way unveils finalists for annual North Jersey real estate event, its largest fundraiser

The United Way of Northern New Jersey has revealed this year’s honorees at an annual fundraiser that draws support from hundreds of commercial real estate industry leaders.