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.

Residential & Mixed Use
Investors strike again in Edgewater, acquiring 226-unit apartment tower for $130 million

A joint venture has made its second major acquisition in Edgewater in less than five months, adding 226 luxury apartments in a newly completed, $130 million deal by JLL.

Professional Services
DIGroup Architecture names new associate principal among four recent promotions

DIGroup Architecture has announced four recent promotions on its New Brunswick-based team of designers.

Retail
MSC Retail inks sale of 17,000 sq. ft. shopping center in Atlantic County

First National Realty Partners has sold a CVS-anchored shopping center in Atlantic County, under a newly announced transaction by MSC Retail Inc.

Retail
Playa Bowls franchisee signs lease, eyes new location in downtown Morristown

A franchisee for the fast-growing Playa Bowls chain has found a new location in downtown Morristown, in a transaction brokered by Kraft Development II.

Office
Benefits agency relocates, takes 2,000 sq. ft. in Cherry Hill, Vantage Commercial says

An employee benefits agency has leased 2,000 square feet for its new office in Cherry Hill, according to a broker with Vantage Commercial.

Sponsored Content
Reverse appeals can lead to unexpected property tax liabilities for commercial property owners

As the real estate market remains strong, and property values continue to rise across many asset classes, commercial property owners need to be aware of the growing trend with municipalities aggressively seeking to substantially increase tax assessments for commercial properties by filing their own tax appeals.

Residential & Mixed Use
Baltimore developer unveils 232-unit Belleville rental project, its first in New Jersey

A developer has opened the doors to a new 232-unit luxury apartment complex in Belleville, marking the completion of its first project in New Jersey.

Deals
Hoboken church finds new home after buying shuttered movie theater for $13 million

A local church has purchased a 20,000-square-foot former movie theater building in uptown Hoboken, in a newly announced transaction by Katz & Associates.

Residential & Mixed Use
Caldwell building with 15 apartments, retail space fetches $3.5 million, Kislak says

An ownership team has sold a 15-unit multifamily property in Caldwell for nearly $3.5 million, in a newly completed deal by The Kislak Co. Inc.

Finance & Capital Markets
Tulfra snags $6 million loan for parking site at Totowa Business Center

Tulfra Real Estate has landed a $6 million loan for a parking parcel at the site of a 225,000-square-foot commercial building in Totowa.