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.

Professional Services
Kimmerle touts four recent hires on project, marketing teams

Kimmerle Group has made four new hires in recent months as part of an ongoing expansion of its design, real estate, planning, development and branding practice.

Finance & Capital Markets
STRO inks $39 million refi of 395,000 sq. ft. New Jersey industrial portfolio

The STRO Cos. has secured a $39 million loan to refinance an eight-building, 395,000-square-foot industrial portfolio in northern and central New Jersey.

Residential & Mixed Use
Toll Brothers launches sales at new Middletown, Chatham communities

Toll Brothers Inc. has kicked off sales at new luxury housing developments in Monmouth and Morris counties, as it further expands its footprint in New Jersey.

Professional Services
Sax names new head of marketing, business development

Accounting, tax and business advisory firm Sax LLP has announced the hiring of a new chief marketing officer and head of business development.

Office
Biotech, insurance firms combine for 12,000 sq. ft. at Warren office building

A life sciences company and an insurance firm have joined the tenant roster of a 107,000-square-foot office building in Warren, in a set of newly completed deals by Newmark.

Professional Services
CBRE’s Babikian promoted to vice chairman, firm’s highest rank for brokers

CBRE has promoted veteran broker Jeffrey C. Babikian to vice chairman, marking the first time that an office leasing professional in New Jersey has achieved the title with the firm.

Industrial
Connors inks sale of 44,000 sq. ft. Bayonne industrial building

The William F. Connors Agency has announced the sale of a 44,000-square-foot industrial property in Bayonne.

Professional Services
Newmark Associates touts two recent associate hires

Newmark Associates has announced two recent additions to its sales team.

Industrial
Sale of 16,000 sq. ft. Burlington building among three Vantage Commercial industrial deals

Two end users have purchased a nearly 16,000-square-foot industrial building in Burlington County, in one of three recent industrial deals by Vantage Commercial.

Featured
Applications underway for Aspire, a program poised to spur large-scale urban development

The New Jersey Economic Development Authority is now accepting applications for Aspire, an aggressive tax credit program that was designed to encourage redevelopment projects using incentive awards to reimburse developers for certain project financing gap costs. With high costs of construction and mandates at the municipal level related to affordable housing requirements as part of market-rate development projects, the need for a gap financing tool is critical and welcomed by those trying to operate in a tight market.