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
Salon products chain opens 3,500 sq. ft. store in Howell, LMC says

A beauty supply store has opened its doors at a busy 128,000-square-foot shopping center in Monmouth County, following a deal arranged by Levin Management Corp.

Office
Sanzari, First Bergen Title sign 2,800 sq. ft. renewal in Hackensack

Alfred Sanzari Enterprises has signed a nearly 3,000-square-foot lease renewal with First Bergen Title Agency, a longtime tenant at its Court Plaza office complex in Hackensack.

Residential & Mixed Use
Atlantic City apartment tower trades for $17 million, Marcus & Millichap says

The longtime owner of a 266-unit apartment tower in Atlantic City has sold the building for $17 million, in a newly announced transaction by Marcus & Millichap.

Finance & Capital Markets
Developer nabs $26 million loan for Journal Square micro-apartments

The developer of 122 micro-apartments in Jersey City’s Journal Square has secured a $25.5 million loan for the property, according to brokers with JLL.

Residential & Mixed Use
Port Jervis apartments trade for $14 million in 1031 exchange, Kislak says

A private apartment owner has sold a 140-unit complex in New York’s Orange County for $14.25 million, according to a brokerage team with The Kislak Co. Inc.

Health Care & Education
CHA completes upgrades, welcomes new tenant at Logan medical office building

CHA Partners has completed its renovation of a nearly 26,000-square-foot medical office property in Logan Township, the development firm announced Monday.

Finance & Capital Markets
JLL inks $43 million loan for MCB, Hampshire ‘town center’ project near Philadelphia

A joint venture has landed nearly $43 million in financing to build a mixed-use, grocery-anchored development at the site of an existing commercial complex outside Philadelphia.

Residential & Mixed Use
Investors trade 484-unit Newark apartment portfolio for $80 million, Gebroe-Hammer says

A private investment group has sold nearly 500 apartments in Newark’s North Ward for more than $80 million, under a deal arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
Developers unveil 116-unit Secaucus rental project amid strong leasing momentum

Renters are flocking to a revitalized site in northern Secaucus, where three well-known builders have delivered more than 100 new luxury apartments at the edge of the Hackensack River.

Events
Jersey City real estate market continues surge ahead of 7th annual Jersey City Summit

With few signs of slowing down, the still fervent pace of new development in Jersey City has set the stage for a conference next month that’s poised to draw more than 1,000 attendees.