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.

Industrial
IDI names new Northeast market officer

IDI Logistics has named a new market officer for its Northeast portfolio.

Finance & Capital Markets
Kennedy Funding inks $3 million land loan, using Caribbean parcel as collateral

Kennedy Funding has closed $3 million in financing to the owner of a private residential development site in the Hamptons.

Government & Public Policy
Murphy signs bill to end eviction ban, providing new protections for renters

Gov. Phil Murphy on Wednesday took a key step toward phasing out the state’s moratorium on residential evictions, signing a bill to do so while providing relief to both renters and landlords.

Residential & Mixed Use
Marcus: Asbury Park lot zoned for 80 apartments trades for $2.2 million

A private investor has acquired an approved multifamily development site in Asbury Park for more than $2 million, brokers with Marcus & Millichap announced Wednesday.

Industrial
Apparel company takes 37,000 sq. ft. at Raritan Center industrial building, Zimmel says

An apparel company has leased nearly 37,000 square feet of warehouse space in Edison, under a newly announced transaction by Zimmel Associates.

Residential & Mixed Use
Kislak announces apartment, mobile home sales totaling $9 million

A collection of 88 apartments and mobile homes in New Jersey have sold for more than $9 million in total, in a series of transactions announced by The Kislak Co. Inc.

Health Care & Education
Larken, pediatric practice ink 1,400 sq. ft. medical office lease in Parsippany

Larken Associates has added a new tenant at a Parsippany office building, having leased nearly 1,400 square feet to a pediatric practice.

Office
Marcus: Redeveloped boutique office building in Summit trades for $12.6 million.

An investor has acquired a boutique office building in downtown Summit for more than $12.5 million, in a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Investor acquires East Brunswick development site, eyes 96-unit rental project

An investment firm has acquired a seven-acre development site in East Brunswick, where it plans to build nearly 100 new apartments about a mile from Route 18.

Industrial
BRC adds sales associate to Edison-based team

Bussel Realty Corp. has expanded its brokerage team with the hiring of a new sales associate.