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
Progress Capital sources $23 million loan for 1,000-unit self-storage project

A developer has landed a $23 million construction loan for a planned 1,000-unit self-storage facility in Branchburg, in a deal arranged by Progress Capital.

Industrial
Seagis, DHL Global Forwarding ink 17,000 sq. ft. industrial lease in Carteret, BRC says

A unit of shipping giant DHL has taken more than 17,000 square feet of industrial space in Carteret, in a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use
Gebroe-Hammer inks sale of 119-unit Essex Co. portfolio, hitting $1.35 billion through Q3

An apartment owner has sold a 119-unit portfolio in Essex County for $16.55 million, in one of nearly two dozen third-quarter deals by Gebroe-Hammer Associates.

Hospitality & Tourism
Denholtz, BarCo brands ink 17,000 sq. ft. lease at Fort Monmouth food, beverage hub

A third tenant has committed to Denholtz Properties’ new food and beverage destination at the Fort Monmouth site, taking the remaining space at the 53,000-square-foot building.

Technology
Connell, Brightcore debut 9,200 new solar panels at The Park in Berkeley Heights

The Connell Co. has unveiled a collection of more than 9,000 solar panels at its flagship campus in Berkeley Heights, the latest addition to the 185-acre property known as The Park.

Residential & Mixed Use
AIA New Jersey architects reflect on Superstorm Sandy 10th anniversary

By AIA-NJ Superstorm Sandy happened 10 years ago last week. The American Institute of Architects New Jersey Chapter (AIA New Jersey) joins our state in reflecting on Superstorm Sandy and remembering the lessons learned. Our members have assisted residents throughout…

Professional Spotlight
Tokarski Millemann touts design, debut of new Manasquan athletic facility

The Manasquan public school district has unveiled a new 32,000-square-foot multipurpose facility for athletics and other events, according to a team with Tokarski Millemann Architects.

Professional Services
GTL Construction names new chief financial officer

GTL Construction has hired an accounting and finance veteran as its new chief financial officer, the White Plains, New York-based firm announced.

Roundtable
What are we still learning about Hurricane Sandy’s impact on commercial real estate?

What are we still learning about Hurricane Sandy’s impact on commercial real estate? We assembled a panel of industry experts to tackle this month’s question.

Finance & Capital Markets
Unity Bank taps Peene as senior vice president, chief depository officer

A banking industry veteran has joined Unity Bank as its senior vice president and chief depository officer, the Clinton-based lender announced.