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
Kimmerle touts upgraded amenities, common spaces at Onyx office building in Paramus

Onyx Equities has unveiled a series of upgrades and new amenity spaces at a 350,000-square-foot office building in Paramus, under a newly completed project by Kimmerle Group.

Deals
Newmark inks deals with financial services firms, retail users in downtown Summit

Three retail tenants and two office users have signed leases in downtown Summit, in a series of newly announced transactions by Newmark Associates.

Health Care & Education
CHA Partners unveils women’s health facility at Queens medical arts complex

Bloomfield-based CHA Partners has marked the opening of a new women’s health facility in what it says is an underserved section of New York City.

Residential & Mixed Use
Montclair apartment building sold after 52 years, fetching $38 million, Gebroe-Hammer says

The owner of a well-known, 133-unit apartment building in Montclair has sold the property after more than five decades, in a $38 million deal arranged by Gebroe-Hammer Associates.

Professional Services
Genova Burns real estate, bankruptcy attorneys earn promotions

Genova Burns LLC has announced the promotion of two attorneys, including a member of its commercial real estate team.

Industrial
Lincoln Equities Group eyes Q4 delivery for 886,000 sq. ft. UPS facility in Bayonne

Lincoln Equities Group is on track for a fourth-quarter delivery of the new 886,000-square-foot UPS regional hub and package distribution center in Bayonne, the developer said.

Residential & Mixed Use
KABR adds Stamford rental properties for $41 million, in JLL-brokered deal

KABR Group has made two additions to its luxury apartment portfolio in Stamford, Connecticut, acquiring 116 units in a set of deals by JLL’s Morristown-based capital markets team.

Office
Vantage Commercial inks sale of 5,500 sq. ft. office building in Haddon Heights

A financial planner has purchased a 5,500-square-foot office building in downtown Haddon Heights, according to a brokerage team with Vantage Commercial.

Government & Public Policy
Bills targeting ‘warehouse sprawl’ unlikely to come from Trenton, top lawmakers say

With a new team of legislative leaders in place, New Jersey’s booming industrial market appears to be safe, for now, from state-imposed limits on new warehouse development.

Residential & Mixed Use
Elizabeth apartment high-rise sells for $14.3 million, Kislak says

The longtime owner of a 193-unit, age-restricted apartment high-rise in Elizabeth has sold the property for $14.3 million, in a newly announced deal by The Kislak Co. Inc.