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.

Industrial
LEG eyes redevelopment after buying Belleville industrial site, Lee & Associates N.J. says

Lincoln Equities Group has purchased the site of a 295,000-square-foot industrial property in Belleville that it now plans to redevelop as a modern logistics facility, according to brokers with Lee & Associates New Jersey.

Finance & Capital Markets
JLL sources $80 million permanent loan for 296-unit Russo project in Garwood

JLL Capital Markets has negotiated $80 million in permanent financing for Vermella at Garwood Station, a new 296-unit, transit-oriented, luxury apartment building in Garwood.

Residential & Mixed Use
Kislak inks sale of 52 units in northern, central New Jersey for combined $6.8 million

Nine apartment buildings in Hudson, Union and Middlesex counties are under new ownership after a series of recent transactions arranged by The Kislak Co. Inc.

Industrial
Duke Realty executive named Northeast region president amid several leadership moves

A longtime executive with Duke Realty Corp. is now its Northeast regional president as part of a series of newly announced leadership changes for the real estate investment trust.

People
Wassel, Flanagan named principals with Saxum

Saxum Real Estate has named two new principals as the company continues to expand its team and its geographic footprint.

Government & Public Policy
EDA now taking applications for new Aspire gap financing program

The state’s Economic Development Authority is now accepting applications for Aspire, its new place-based gap financing program for commercial and residential projects.

Finance & Capital Markets
Kennedy Funding moves to new headquarters in Englewood

Kennedy Funding, the longtime direct private lender, has moved to a new and expanded headquarters in Bergen County as it prepares for additional growth.

Office
Fidelco, youth mentoring agency sign 4,000 sq. ft. lease at Newark office tower

A youth mentoring organization is moving to a well-known Newark office tower after inking a lease with The Fidelco Group, the owner of the historic building.

People
Kokes Properties adds construction manager to growing team

Kokes Properties has announced the hiring of a new construction manager to support its growing project pipeline.

Residential & Mixed Use
Larken accounting manager earns expanded role as Yardi systems admin

Larken Associates has announced a promotion on its residential accounting team as part of a plan to further implement a key technology platform.