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.

Residential & Mixed Use
Reynolds unveils property management platform for growing multifamily holdings

Reynolds Asset Management has launched a property management arm to support its fast-growing portfolio of apartments in the Garden State and beyond.

Industrial
Weiss Realty picked for gov’t fast-track program for potential data center project in Illinois

Moonachie-based Weiss Realty has taken a key step toward redeveloping a site nearly 900 miles away, where it hopes to tap into the booming demand for new data center construction.

Residential & Mixed Use
Equity Residential sells 301-unit Hoboken rental property as part of $400 million portfolio deal

Equity Residential has sold a 301-unit apartment building in Hoboken as part of a reported three-state, three-property portfolio sale with a Los Angeles-based buyer.

Finance & Capital Markets
Walters Group lands $20.5 million refi loan for Jersey Shore shopping center, JLL says

The Walters Group has refinanced a nearly 141,000-square-foot shopping center in Ocean County for $20.5 million, in a newly announced transaction by JLL.

Deals
Kislak: Investor buys 15,000 sq. ft. medical, retail property in Flemington for $4.8 million

A private investor has purchased more than 15,000 square feet of medical office and retail space in Flemington for some $4.8 million, according to a listing team with The Kislak Co. Inc.

Professional Services
Cooper Levenson named legal counsel for massive Bader Field redevelopment in Atlantic City

A developer is advancing plans to redevelop Atlantic City’s Bader Field, tapping Cooper Levenson as its legal counsel for what it says will be a mixed-use destination for motorsports.

Industrial
WCRE: Tenant becomes owner after buying 18,000 sq. ft. Moorestown industrial building

The tenant of an 18,000-square-foot industrial building in Moorestown has purchased the newly constructed property, in a deal arranged by Wolf Commercial Real Estate.

Residential & Mixed Use
Developer seeking buyer for new 298-unit high-end rental property in Weehawken, JLL says

The owner of a new luxury apartment community in Weehawken’s acclaimed Port Imperial district has listed the property for sale, according to a brokerage team with JLL.

People
Accordia’s Gordon, Huelbig earn promotions as firm eyes continued growth

Accordia has promoted Alexa Gordon and Michael Huelbig, touting their contributions and evolving roles as the Fairfield-based firm expands its platform.

Health Care
CBRE: Teen treatment facility takes 4,100 sq. ft. in Livingston medical office deal

The owner of a boutique medical office building in Livingston has leased up the property after securing a deal with a mental health and substance abuse treatment facility for teens.