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
Sussex County apartment owner refis for $31 million, Progress says

The longtime owner of a 240-unit apartment complex in Sussex County has refinanced for more than $31 million, according to a debt placement team with Progress Capital.

Office
Lee & Associates New Jersey relocates, expands Morris County office

Lee & Associates New Jersey has opened the doors to a new, larger office in Morris County, following its recent hiring of a seven-member team in the region.

Professional Services
H2M details recent hires, promotions in New Jersey offices

H2M architects + engineers has announced a series of recent hires and promotions across its New Jersey offices.

Industrial
Sudler turns to carbon-reducing concrete tech, seeking greener construction methods

Seeking to reduce the carbon footprint of the construction process, Sudler Cos. has employed the use of carbon-injected concrete to build a new industrial park outside New Jersey. The technology wins praise from others in the industry and, while such materials may not be yet available in the developer’s home state, could be a sign of things to come for builders.

Industrial
Camber sells Bridgewater industrial buildings, C&W says

A real estate investment firm has sold a two-building, 204,000-square-foot industrial portfolio in Bridgewater, in a newly announced transaction by Cushman & Wakefield.

Technology
CBRE: Energy firm acquires 50-acre South Amboy site, eyes offshore wind facility

An energy company has acquired a former power plant site in South Amboy, where it now hopes to build an offshore wind facility that could power more than a million homes.

Industrial
Tulfra plans 265,000 sq. ft. self-storage, parking facility at newly acquired Jersey City site

Tulfra Real Estate has purchased a site in Jersey City that it says will tap into the demand for both parking and self-storage in the booming municipality.

Office
Consulting firm acquires 4,200 sq. ft. Cherry Hill office building

A health care consulting firm has acquired a 4,200-square-foot office building in Cherry Hill, under a deal arranged by Vantage Commercial.

Industrial
JLL: Buyer wanted for single-tenant, 131,000 sq. ft. industrial property in Newark

The owner of a two-building, 131,000-square-foot industrial complex in Newark is seeking a buyer for the property, in a newly announced offering by JLL.

Government & Public Policy
Hackensack: Two-way traffic is back on Main Street, in critical step for city’s revival

Business leaders in Hackensack are hailing the long-awaited return of two-way traffic on Main Street, a change that will likely accelerate the ongoing revival of the city’s downtown.