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
Walters eyes Q2 construction start for new age-restricted rentals in Montvale

Development firm Walters is set to break ground on a new 25-unit, income-restricted apartment complex in Montvale, as it eyes continued expansion of its Cornerstone brand.

Residential & Mixed Use
Plainfield zoning board approves eight-unit rental project, design team says

A developer has secured a key local approval for what will be a new eight-unit apartment building in Plainfield, according to a team with Taylor Architecture & Design.

Retail
Operator of Wildwood restaurant buys building, liquor license after successful first year

A restaurateur has purchased a Wildwood building and its liquor license just over a year after leasing the space to open his new Mediterranean eatery.

Residential & Mixed Use
Veris Residential buying new 240-unit Park Ridge property for $130 million

Veris Residential Inc. has agreed to buy a newly built, upscale apartment property in Park Ridge for $130 million, adding another 240 units to its New Jersey multifamily holdings.

Residential & Mixed Use
Gebroe-Hammer: North Brunswick apartments fetch $64 million in first leg of 1031 exchange

The longtime owner of a 253-unit garden apartment complex in North Brunswick has sold the property for nearly $64 million, in a deal arranged by Gebroe-Hammer Associates.

Industrial
LMC touts groundbreaking for 30,000 sq. ft. spec warehouse in Piscataway

Construction is underway on a new speculative 30,000-square-foot industrial building in Piscataway, according to a property team with Levin Management Corp.

Industrial
Newmark: Fitness equipment maker renews 32,000 sq. ft. lease at Randolph flex park

A fitness equipment maker has renewed its lease at a flex industrial campus in Randolph, where it occupies more than 32,000 square feet at a location just off Route 10.

Finance & Capital Markets
Bergen County warehouse owner lands $13 million loan, G.S. Wilcox says

The owner of a 106,000-square-foot warehouse in Allendale has secured $13 million in financing, in a newly announced transaction by G.S. Wilcox & Co.

Residential & Mixed Use
Investor buys value-add, 44-unit Newark rental portfolio for $5.3 million, Kislak says

A local apartment owner has sold a three-building, 44-unit portfolio in Newark for $5.3 million, brokers with The Kislak Co. Inc. announced Thursday.

Residential & Mixed Use
NYC café expands to new Jersey City high-rise built by KRE, Northwestern

An Australian-themed café has opened its first New Jersey location, taking space at the base of Kushner Real Estate Group’s newest luxury apartment tower in Jersey City.