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.

People
Diversified Properties names new chief financial, operations officer

Diversified Properties, a Montville-based commercial and residential real estate developer, has named Greg Adami as its chief financial officer and chief operations officer.

Residential & Mixed Use
Condos at Hoboken’s historic Wonder Bread factory now 50 percent sold

A joint venture has reached a milestone in its conversion of a historic factory in Hoboken, having sold more than half of the 83 luxury condominiums that are now available at the site.

Office
Sanzari, psychotherapy center ink 1,600 sq. ft. expansion in Teaneck

Alfred Sanzari Enterprises has signed a 1,614-square-foot lease expansion with the Center for Developmental Psychiatry at The Atrium at Glenpointe in Teaneck.

Industrial
Vision, Barings tap CBRE as leasing agent at East Hanover industrial park

A joint venture has picked CBRE as its leasing team for nearly 170,000 square feet of industrial space just north of Route 10 in East Hanover.

Retail
Soccer store signs five-year extension at Green Brook location, Boniakowski says

A sporting goods store has extended its lease along Route 22 in Green Brook, in one of two newly announced deals by the Boniakowski Commercial Real Estate Group.

Retail
Prism: Retail, health care tenants ink leases at Edison Village project in West Orange

Three new retail tenants are coming to Edison Village, the recently opened, mixed-use property at the site of a historic Thomas Edison factory complex in West Orange.

Professional Services
CBRE adds Ozturk, Gatto to tristate investment sales team

CBRE has announced two key hires for its top investment sales team in the region, as it looks to expand its foothold in the multifamily sector and other asset classes.

People
Saxum adds to legal, construction and leasing teams with newest hires

Saxum Real Estate has announced four new hires aimed at bolstering its legal, project management and leasing teams.

Residential & Mixed Use
Joint venture acquires 100-unit upscale apartment complex in Edgewater

An investment group has completed its first deal with the purchase of a 100-unit luxury apartment complex in Edgewater, in a transaction arranged by brokers with JLL.

Finance & Capital Markets
Northmarq: Edgewater Park apartment owner refis for $17 million

The owner of a 296-unit apartment complex in Burlington County has refinanced the property for $16.9 million, under a deal arranged by Northmarq’s New Jersey office.