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.

Retail
Macerich taps CBRE as leasing partner at 1 million sq. ft. Deptford Mall

The owner of the Deptford Mall in Gloucester County has teamed with CBRE to boost leasing activity at the 1 million-square-foot property.

People
Cure Breast Cancer Foundation, nonprofit with CRE ties, taps Perkins as executive director

Laela Perkins has stepped into the role of executive director of the Cure Breast Cancer Foundation, a nonprofit with connections to New Jersey’s commercial real estate industry.

Finance & Capital Markets
Kennedy Funding lends $1.6 million to 159-acre farm owner in Idaho

Kennedy Funding has closed a $1.6 million land loan to the longtime owner of a 159-acre farm property in southeast Idaho, the direct private lender announced.

Residential & Mixed Use
Leasing at Asbury Park’s SURFHOUSE starts strong as building welcomes first residents

Renters have arrived at a new luxury apartment property in Asbury Park after the launch of leasing by Starfield Cos., the developer that has revitalized large swaths of the city’s waterfront.

Industrial
Logistics projects in Parsippany, Hamilton change hands as FRP acquires Altman platform

Development firm FRP Holdings Inc. has acquired interests in two New Jersey industrial projects as part of a larger deal for what’s known as Altman Logistics Properties LLC.

Residential & Mixed Use
Kislak: Garwood apartments sold for first time in decades, fetching $6.6 million

The longtime owner of a 36-unit apartment building in Garwood has sold the property for $6.6 million, brokers with The Kislak Co. Inc. announced this week.

Office
Vision Properties picks C&W to lease 485,000 sq. ft. East Rutherford office tower

The owner of a highly prominent, 485,000-square-foot office tower along Route 3 in East Rutherford has named Cushman & Wakefield as its leasing team for the property.

Top News
Jersey Pickleball Club to debut at Bell Works Holmdel on Nov. 1

A new indoor pickleball venue is set to open at the Bell Works campus in Holmdel, adding to the long list of features at the 2 million-square-foot office, retail and community destination.

Residential & Mixed Use
Developer buys fully approved site for 54-unit rental project in Jersey City, IPRG says

A developer has acquired a parcel in Jersey City with approvals in place for a new 54-unit apartment building, in a newly announced deal by Investment Property Realty Group.

Cover Story
On the horizon: NAIOP New Jersey is future-focused (at a pivotal time), with strategic plan in place and a governor’s race looming

This year’s gubernatorial and legislative elections loom large amid NAIOP New Jersey’s new four-year strategic plan and its focus on advocacy, creating new value for its members and elevating the commercial real estate sector in the minds of outside stakeholders.