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
Kennedy inks $3 million loan for Bahamas developer

Kennedy Funding has closed a $3 million loan to the developer of a new residential community in the Bahamas, the Englewood Cliffs-based direct private lender announced Monday.

Finance & Capital Markets
Square Mile, Meridian tout $200 million refi for iconic Bell Works project

The owners of the landmark Bell Works complex in Holmdel have secured a $200 million loan to refinance the mixed-use, 1.4 million-square-foot property.

Industrial
Elberon inks new Elizabeth industrial deals totaling 140,000 sq. ft.

A building materials company has extended its 50,000-square-foot lease in Elizabeth, in the largest of five newly completed transactions by Elberon Development Group.

Residential & Mixed Use
Joint venture eyes January launch for 116-unit Rahway project

A development group is set to debut a new 116-unit luxury apartment building in Rahway, touting a location just minutes from the city’s NJ Transit rail station.

Office
West Windsor office building reaches LEED certification after upgrades, Woodmont says

Woodmont Properties has achieved LEED certification at a newly renovated, 71,300-square-foot office building in West Windsor, the commercial estate firm announced Monday.

Government & Public Policy
Giordano adds new associate in real estate, environmental groups

Giordano, Halleran & Ciesla P.C. has added to its team of real estate and environmental attorneys with one of its newest hires.

Sponsored Content
What all real-estate companies, developers and professionals need to know about political contributions

With the presidential election now less than a year away, 2020 promises to be a year in which politics is difficult to escape. But before businesses and individuals rush to engage in political activity and make political contributions at the county and municipal levels, it is important to review New Jersey’s pay-to-play laws. Because what the real-estate world doesn’t know about political contributions may come back to hurt it.

Cover Story
Russo Development is bullish on Kearny — and the ability to tap an underserved market

Russo Development has delivered more than 500 apartments in Kearny since mid-2018, with hundreds more in its pipeline, seeing an opportunity in a town that is minutes from downtown Newark and the ability to capture renters who are priced out of neighboring submarkets.

Retail
Coffee, halal chains coming to Ironside Newark as first retail tenants

Edison Properties has landed the first two retail tenants at its Ironside Newark project, luring a café operator and an international halal food chain to the adaptive reuse project.

Industrial
Atlantic inks $15.6 million sale of Somerset industrial building

A maker of natural ingredients and chemicals has sold its 120,000-square-foot warehouse in Somerset County for $15.6 million, under a transaction by Atlantic Real Estate Services.