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.

Retail
Bakery, pastry shop signs lease at Camden County shopping center

The owner of a Camden County shopping center is adding its first new tenant during the coronavirus crisis, having signed a lease with a specialty bakery and pastry shop.

Policy Page
Government officials not acting fiduciarily responsible

Since mid-March, our national GDP has plunged and New Jersey’s unemployment rate is startling, as budgeted state and local revenues are hemorrhaging. COVID-19 has made matters far worse and the budgetary pains and economic slowdown will be significant and sustained under any scenario. Our state and local elected officials must now make difficult decisions that do not jeopardize our future.

Industrial
Online grocer inks 50,400 sq. ft. lease in Edison, Lee & Associates New Jersey says

An online grocer is taking more than 50,000 square feet of newly built industrial space in Edison, under a transaction announced Thursday by Lee & Associates New Jersey.

Health Care & Education
C&W: Princeton school operator expanding, acquires former daycare site

A special education school is set to expand in Mercer County after acquiring a former day care center property in Hopewell.

Professional Services
Transwestern honors four New Jersey team members for top deals, research

Transwestern Real Estate Services has recognized four members of its New Jersey office as top performers and contributors in 2019.

Office
Investment adviser signs 3,200 sq. ft. sublease in Woodcliff Lake

An advisory firm has leased more than 3,200 square feet of office space in Woodcliff Lake, in a newly announced transaction by NIA National Realty.

Residential & Mixed Use
Solomon promotes longtime team member to president of property management

The Solomon Organization has named a new president of property management to help oversee its nine-state, 17,000-unit multifamily portfolio.

Residential & Mixed Use
Tulfra, Hampshire break ground on 180-unit rental project in North Haledon

Tulfra Real Estate and The Hampshire Cos. have broken ground on a new residential project, with plans to bring 180 apartments to an undersupplied section of northern New Jersey.

Finance & Capital Markets
Jersey City apartment owner lands $20.5 million refi loan, JLL says

The owner of a new 80-unit apartment building in Jersey City has refinanced the property for $20.5 million, under a transaction arranged by JLL.

Industrial
NAI Hanson: Furniture installer inks 120,000 sq. ft. warehouse lease in Parsippany

An office furniture company is taking nearly 120,000 square feet of industrial space in Parsippany, in a newly announced lease by NAI James E. Hanson.