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
New Jersey-based JLL team inks $146 million sale of Long Island luxury rental complex

A development team has sold a newly built, 260-unit apartment property on Long Island for $146 million, in a deal by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Kislak: Brooklyn buyers acquire 49 units in Asbury Park for $5.9 million

An apartment investor has added 59 units with its purchase of two properties in Asbury Park, in a nearly $6 million deal arranged by The Kislak Co. Inc.

Professional Services
C&W taps Staskiewicz for leadership coach, business strategy post in New Jersey

Cushman & Wakefield has hired a longtime broker and industry executive for a newly created role aimed at building its talent pipeline and business development in New Jersey.

Residential & Mixed Use
Blau & Berg inks sale of Orange parcels for 410-unit Russo, Dinallo project

A development team has closed on two parcels in Orange to complete the site of a planned 410-unit multifamily project, brokers with The Blau & Berg Co. said.

Industrial
Buyer adds 138,000 sq. ft. Linden industrial property for $15 million, BRC says

An industrial buyer has paid $15 million for a multitenant, 138,000-square-foot property in Linden, in a newly announced transaction by Bussel Realty Corp.

Technology
Solar Landscape completes first-round projects, eyes year two of state pilot program

Solar Landscape has completed its eighth and final project under the first year of a state program that uses commercial-scale installations to create discounted energy for residents.

Retail
Vantage Commercial: Bar, lounge owner buys Pennsauken property for new location

A bar and lounge owner is eyeing a new location after its purchase of a restaurant property in Pennsuaken, brokers with Vantage Commercial announced Thursday.

Finance & Capital Markets
Summit apartment owner secures $11.5 million loan, refis 37-unit complex

The owner of a 37-unit luxury apartment complex in downtown Summit has refinanced the property for $11.5 million, in a newly announced deal by JLL.

Office
Newmark: Hudson waterfront stands out in Q1 amid steady gains in N.J. office market

The Hudson waterfront office market took a key step forward in early 2022, recording its strongest quarter in more than three years amid several notable deals.

Professional Services
LMC names new COO, CFO as key executive prepares to retire

Levin Management Corp. has announced two promotions to help fill the role of a longtime top executive who will retire this summer.