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.

Office
Investor buys three-building, 23,000 sq. ft. Denville office complex, Coldwell Banker says

A private investor has purchased nearly 23,000 square feet of office space in Denville for $3.75 million, in a transaction arranged by Coldwell Banker Commercial Realty.

Office
IT consulting firm unveils 12,000 sq. ft. office in downtown New Brunswick

A global IT and business consulting services firm has opened the doors to its new 11,500-square-foot office in downtown New Brunswick.

Residential & Mixed Use
New Jersey-based JLL team inks $146 million sale of Long Island luxury rental complex

A development team has sold a newly built, 260-unit apartment property on Long Island for $146 million, in a deal by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Kislak: Brooklyn buyers acquire 49 units in Asbury Park for $5.9 million

An apartment investor has added 59 units with its purchase of two properties in Asbury Park, in a nearly $6 million deal arranged by The Kislak Co. Inc.

Professional Services
C&W taps Staskiewicz for leadership coach, business strategy post in New Jersey

Cushman & Wakefield has hired a longtime broker and industry executive for a newly created role aimed at building its talent pipeline and business development in New Jersey.

Residential & Mixed Use
Blau & Berg inks sale of Orange parcels for 410-unit Russo, Dinallo project

A development team has closed on two parcels in Orange to complete the site of a planned 410-unit multifamily project, brokers with The Blau & Berg Co. said.

Industrial
Buyer adds 138,000 sq. ft. Linden industrial property for $15 million, BRC says

An industrial buyer has paid $15 million for a multitenant, 138,000-square-foot property in Linden, in a newly announced transaction by Bussel Realty Corp.

Technology
Solar Landscape completes first-round projects, eyes year two of state pilot program

Solar Landscape has completed its eighth and final project under the first year of a state program that uses commercial-scale installations to create discounted energy for residents.

Retail
Vantage Commercial: Bar, lounge owner buys Pennsauken property for new location

A bar and lounge owner is eyeing a new location after its purchase of a restaurant property in Pennsuaken, brokers with Vantage Commercial announced Thursday.

Finance & Capital Markets
Summit apartment owner secures $11.5 million loan, refis 37-unit complex

The owner of a 37-unit luxury apartment complex in downtown Summit has refinanced the property for $11.5 million, in a newly announced deal by JLL.