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.

Food & Beverage
IHOP operator buys Ewing restaurant in $1.1 million deal arranged by CPN

The longtime operator of an IHOP in Mercer County has acquired the restaurant property for $1.125 million, according to brokers with Commercial Property Network Inc.

Professional Services
Rosenberg named senior vice president with Team Resources after recent promotion

Team Resources Inc. has promoted Alex Rosenberg to senior vice president, citing his work with a host of well-known landlords and tenants during nearly nine years with the firm.

Professional Services
Salzman, Rosen join Cresa to bolster tenant brokerage firm’s New York team

Cresa has strengthened its team in the region with the addition of veteran office brokers Kenneth Salzman and Seth Rosen.

Finance & Capital Markets
Alpine snags $72 million refi loan for new 201-unit Jersey City rental property, JLL says

Alpine Residential has landed nearly $72 million in permanent financing for a portfolio of 201 newly built apartments in Jersey City’s Bergen-Lafayette section.

Finance & Capital Markets
SK, Berger land $250 million in financing for 396-unit Newark rental project, W&D says

A joint venture’s plan to bring nearly 400 new apartments to downtown Newark is advancing with more than $250 million in capital commitments arranged by Walker & Dunlop.

Residential & Mixed Use
Vango kicks off 60-unit rental project in downtown Westfield, eyes early 2027 delivery

Vango Development has broken ground on a planned 60-unit luxury apartment building in Westfield as part of a long-awaited addition to the Union County town.

Finance & Capital Markets
C&W: Fort Lee’s 309-unit FIAT House project refinances for $85.5 million

The developer of the distinctive FIAT House project in Fort Lee has closed on more than $85 million in financing for the 309-unit property, according to brokers with Cushman & Wakefield.

Industrial
Contract packaging firm leases 19,000 sq. ft. in Kearny in deal arranged by BRC

A contract packaging company has taken more than 19,000 square feet at a Kearny industrial building, brokers with Bussel Realty Corp. announced Monday.

Office
CPN: Longtime tenant buys 1,500 sq. ft. office building in Skillman

A tenant at a 1,500-square-foot commercial building in Somerset County has purchased the property for $320,000, in a deal arranged by Commercial Property Network Inc.

Residential & Mixed Use
Triangle, Incline unveil 400 rentals in sweeping project at East Orange’s Brick Church Station

The first apartments at a major mixed-use project in East Orange have hit the market, with leasing now underway at the collection of 400 homes at NJ Transit’s Brick Church Station.