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
JLL: Columbia snags $29 million permanent loan for 93-unit Jersey City rental project

A fund managed by Columbia Property Trust has landed a nearly $29 million loan for a new 93-unit apartment building in Jersey City’s Bergen-Lafayette neighborhood.

Finance & Capital Markets
Progress Capital inks $25 million loan for 141-unit Gloucester City rental property

A developer has secured a $25 million permanent loan for a newly built, 141-unit apartment complex in Camden County, in a newly announced deal by Progress Capital.

Finance & Capital Markets
Joint venture lands financing for $63 million recap of North Bergen condo project

The developers of a new luxury condominium building in North Bergen have recapitalized the project’s remaining homes for $63.2 million, a debt placement team announced Monday.

Retail
North Bergen mixed-use property sold for $740,000

A personal trust has sold a 2,400-square-foot mixed-use property in Hudson County for $740,000, according to a brokerage team with Marcus & Millichap.

Industrial
Developer bringing new 200,000 sq. ft. logistics center to Bayonne, JLL says

A developer is eyeing a fall delivery for a project that will bring nearly 200,000 square feet of high-end industrial space to Bayonne, according to the firm and brokers with JLL.

Industrial
C&W: First National Realty sells 80,000 sq. ft. flex park on Route 9

A private equity firm has sold a nearly 80,000-square-foot flex campus in Old Bridge, in a transaction arranged by Cushman & Wakefield.

Top News
NJCU to honor Jersey City developer Paul Silverman at annual gala

New Jersey City University has unveiled plans to honor Paul Silverman, the longtime Jersey City developer, business leader and philanthropist, at its upcoming gala.

Office
Law, financial services firms renew at Sanzari’s Court Plaza complex in Hackensack

Alfred Sanzari Enterprises has signed two lease renewals at its three-building, 335,000-square-foot Court Plaza office campus in downtown Hackensack, the firm announced.

Office
Investor buys three-building, 23,000 sq. ft. Denville office complex, Coldwell Banker says

A private investor has purchased nearly 23,000 square feet of office space in Denville for $3.75 million, in a transaction arranged by Coldwell Banker Commercial Realty.

Office
IT consulting firm unveils 12,000 sq. ft. office in downtown New Brunswick

A global IT and business consulting services firm has opened the doors to its new 11,500-square-foot office in downtown New Brunswick.