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
Bedminster medical office owner refis for $8.1 million, JLL says

The owner of a nearly 40,000-square-foot medical office building in Bedminster has refinanced the property for $8.1 million, under a newly announced transaction by JLL.

Office
Lee & Associates New Jersey inks office sale, retail lease in Bergen County

A religious organization has purchased a 2,650-square-foot office building in Fair Lawn, in one of two newly announced deals by Lee & Associates New Jersey.

Photos
TD Bank gifts $10,000 to nonprofit supporting children with rare illnesses

A new $10,000 donation from TD Bank is helping to advance the mission of a Franklin Lakes-based charity that helps bring essential medical services to children with rare illnesses.

Residential & Mixed Use
Investors strike again in Edgewater, acquiring 226-unit apartment tower for $130 million

A joint venture has made its second major acquisition in Edgewater in less than five months, adding 226 luxury apartments in a newly completed, $130 million deal by JLL.

Professional Services
DIGroup Architecture names new associate principal among four recent promotions

DIGroup Architecture has announced four recent promotions on its New Brunswick-based team of designers.

Retail
MSC Retail inks sale of 17,000 sq. ft. shopping center in Atlantic County

First National Realty Partners has sold a CVS-anchored shopping center in Atlantic County, under a newly announced transaction by MSC Retail Inc.

Retail
Playa Bowls franchisee signs lease, eyes new location in downtown Morristown

A franchisee for the fast-growing Playa Bowls chain has found a new location in downtown Morristown, in a transaction brokered by Kraft Development II.

Office
Benefits agency relocates, takes 2,000 sq. ft. in Cherry Hill, Vantage Commercial says

An employee benefits agency has leased 2,000 square feet for its new office in Cherry Hill, according to a broker with Vantage Commercial.

Sponsored Content
Reverse appeals can lead to unexpected property tax liabilities for commercial property owners

As the real estate market remains strong, and property values continue to rise across many asset classes, commercial property owners need to be aware of the growing trend with municipalities aggressively seeking to substantially increase tax assessments for commercial properties by filing their own tax appeals.

Residential & Mixed Use
Baltimore developer unveils 232-unit Belleville rental project, its first in New Jersey

A developer has opened the doors to a new 232-unit luxury apartment complex in Belleville, marking the completion of its first project in New Jersey.