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
STRO refis Morris, Union industrial assets for $22 million

The STRO Cos. has refinanced warehouses in Morris and Union counties for a combined $22 million, the Ridgewood-based firm announced Tuesday.

Office
Parsippany office building trades for $4.9 million, CBRE says

An investor has purchased an 85,000-square-foot office building in Parsippany for $4.9 million, under a deal arranged by CBRE.

Health Care & Education
Fennelly: Buyer wanted for 50,000 sq. ft. R&D, manufacturing complex in Plainsboro

The owner of a pharmaceutical research and manufacturing complex in Plainsboro has put the property on the market for sale, brokerage firm NAI Fennelly said Tuesday.

Professional Services
McManimon adds associate to real estate, redevelopment team

McManimon, Scotland & Baumann has welcomed a new associate to its team of redevelopment and real estate attorneys.

Professional Spotlight
C&W adds veteran multifamily broker as vice chairman in New Jersey

Cushman & Wakefield has made another key addition in New Jersey, hiring a veteran broker who will help bolster its investment sales team in the multifamily sector.

Office
Fast-growing Jersey City tech firm shows need, potential for post-pandemic office space

The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.

Finance & Capital Markets
Greystone: MBC inks $30 million construction loan to kick off Jersey City redevelopment

A developer has landed a $30 million construction loan for an 80-unit apartment building in Jersey City, according to a debt placement team with Greystone.

Finance & Capital Markets
JLL: Ironstate refinances Hoboken apartment tower for $36 million

The owner of a 150-unit apartment tower in downtown Hoboken is refinancing the property for nearly $36 million, in a deal arranged by brokers with JLL.

Professional Services
Storied law firm Mandelbaum Salsburg changes name

A well-known law firm with deep ties to New Jersey’s commercial real estate industry has changed its name.

Industrial
Resource Realty completes 150,000 sq. ft. of central New Jersey transactions

A private investor has purchased a 68,000-square-foot industrial space in Eatontown for nearly $7.5 million, in one of several recent transactions by Resource Realty.