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
Investor buys 374,000 sq. ft. Morris County shopping center for $50 million

An investment firm has acquired a large Morris County shopping center for nearly $50 million, in a newly announced transaction by R.J. Brunelli & Co.

Deals
CBRE: ETS office, industrial building in Ewing trades for $19 million

Educational Testing Service has sold a 310,000-square-foot office and industrial building in Ewing for nearly $19 million, brokers with CBRE announced Tuesday.

Finance & Capital Markets
G.S. Wilcox inks $103 million loan for new 428-unit rental property in Union Twp.

Russo Development has secured $103 million in financing for a new collection of 428 luxury apartments in Union Township, under a deal arranged by G.S. Wilcox & Co.

Professional Services
Wiss expands with Neidich and Co., longtime accounting firm for N.J. real estate owners

Wiss has bolstered its accounting and advisory team with the addition of Neidich and Co., a Mountainside-based firm that serves privately owned real estate companies.

Office
Longtime New Jersey office broker returns to CBRE

A veteran broker in the region has returned to CBRE after more than 15 years, joining the firm as a senior vice president in its occupier group.

Office
Bell Works to become headquarters, studio hub for 24-hour sports gaming network

Somerset Development has landed another tenant at its Bell Works property in Holmdel after signing a long-term lease with the operator of a 24-hour sports gaming network.

Office
Veteran broker joins NAI Hanson office leasing team

NAI James E. Hanson has expanded its New Jersey office leasing team with the hiring of a longtime broker in the space, the Teterboro-based firm announced.

Retail
LMC announces promotions on leasing, legal teams

Levin Management Corp. has made three promotions on its team, citing continued momentum for its commercial real estate services platform.

Industrial
Taconic, Nuveen acquire 296,000 sq. ft. Morris Twp. warehouse for $55 million

Two well-known institutional investors and frequent partners have acquired a nearly 300,000-square-foot industrial building in Morris County for $55 million.

Residential & Mixed Use
Accurate Builders plans 11 buildings, 4,200 units for Newark stadium site redevelopment

A developer is eyeing a potential spring groundbreaking for an 11-building project that would bring 4,200 residential units and other amenities to the former Newark Bears stadium site.