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.

Finance & Capital Markets
LCOR, Madison International land $87 million loan for Montclair luxury apartments

The owners of a two-building, 258-unit multifamily property in Montclair have closed on more than $87 million in financing for the asset, in a deal arranged by JLL.

Finance & Capital Markets
Developer snags $63 million permanent loan for new Jersey City rentals, BlueGate says

Fields Grade Development has landed $63 million in permanent financing in connection with a new luxury apartment complex in Jersey City, according to BlueGate Partners LLC.

Professional Services
Denholtz leasing executive tapped to co-chair DEI committee for CoreNet New Jersey

A key executive with Denholtz Properties is set to co-chair a diversity, equity and inclusion committee for the New Jersey chapter of CoreNet Global, the association representing nearly 10,000 professionals involved in large corporate real estate assignments.

Retail
Café opens at new 629-unit luxury apartment complex in Jersey City

A new coffee shop has opened its doors at the base of a new 629-unit apartment building in Jersey City’s fast-growing West Side neighborhood.

Residential & Mixed Use
Larken takes home 13 Metro BCA awards for new luxury rental property in Lopatcong

A new multifamily complex in Lopatcong took center stage this month when it earned more than a dozen awards from the Metropolitan Builders & Contractors Association of New Jersey.

Industrial
Developers set to begin three-building, 1.1 million sq. ft. logistics park in Sayreville

A joint venture has closed on a 74-acre parcel in Sayreville, where it now plans to develop nearly 1.1 million square feet of modern industrial space across three buildings.

Residential & Mixed Use
Irvington: Two-building, 45-unit rental property sells for $6 million, Kislak says

A private investor has purchased a two-building, 45-unit apartment property in Irvington for $6 million, The Kislak Co. Inc. announced Monday.

Industrial
NAI Hanson inks sale of 54,000 sq. ft. Mahwah industrial building

An e-commerce user has purchased a 54,000-square-foot industrial building in Mahwah, in a newly announced transaction by NAI James E. Hanson.

Professional Services
Avison Young announces key moves in New Jersey finance, operations roles

Avison Young has named its first-ever director of finance for the Northeast region while hiring a new operations manager for its New Jersey offices.

Industrial
Middlesex County industrial building fetches $4.1 million, Deluccia says

A buyer has paid more than $4 million for a roughly 31,000-square-foot industrial building in Middlesex County, according to a brokerage team with Deluccia Commercial Group.