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
Bloomfield apartment building trades for $3.7 million, Hudson Atlantic says

A private buyer has purchased a 22-unit apartment building in Bloomfield for $3.65 million, according to a brokerage team with Hudson Atlantic Realty.

Industrial
Nonprofit relocates, takes 4,300 sq. ft. in Pennsauken, Vantage Commercial says

Crescent Business Center at 7300 North Crescent Blvd. in Pennsauken — Courtesy: Vantage Commercial

Industrial
Connors inks sale of 15,000 sq. ft. Irvington industrial building

The William F. Connors Agency has brokered the sale of a 15,000-square-foot industrial building in Irvington, the firm announced Friday.

Industrial
Developer’s plan would bring 272,000 sq. ft. warehouse to untapped Passaic County borough

A family-owned firm is hoping to bring modern warehouse space to a lesser-known swath of Passaic County, starting with a 272,000-square-foot facility just off Interstate 287.

Retail
New Jersey real estate projects, people take center stage at annual ULI gala (PHOTOS)

Commercial real estate industry leaders gathered recently to celebrate a host of projects and individuals as part of the Urban Land Institute of Northern New Jersey’s annual awards gala.

Residential & Mixed Use
Construction underway for 357 luxury apartments in Plainfield

A developer has broken ground on what will be nearly 360 apartments in downtown Plainfield, in a project valued at more than $100 million that is among the city’s largest to date.

Finance & Capital Markets
Hackettstown retail center owner inks $16 million permanent loan, Cronheim says

The owner of a Walmart-anchored shopping center in Hackettstown has refinanced the property for $16 million, in a newly announced transaction by Cronheim Mortgage.

Office
Facilities manager inks lease at iconic Hahne’s building in Newark for new East Coast HQ

A global facilities manager is moving its East Coast headquarters to the historic Hahne & Co. building in Newark, where it’s taking more than 13,000 square feet in a deal arranged by JLL.

Finance & Capital Markets
Developers ink $97 million construction loan for 336-unit rental project in Jersey City

A joint venture has locked in nearly $97 million in financing to build a new 336-unit luxury apartment building in Jersey City, in a deal arranged by BlueGate Partners LLC.

People
Continental adds former top Weichert executive to lead development pipeline

Continental Properties has tapped a former longtime Weichert executive to help guide and grow its development pipeline in the region.