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
Investor secures $7 million acquisition loan for Edison light industrial, R&D building

The buyer of a light industrial and research facility in Edison has landed more than $7 million in financing for its acquisition, according to a debt placement team with JLL.

Industrial
NAI Hanson inks renewal, new lease at 71,000 sq. ft. warehouse in Parsippany

An industrial building in Parsippany is now fully leased after a pair of newly completed transactions by NAI James E. Hanson, the real estate services firm announced.

Residential & Mixed Use
Newark apartment building trades for $1.7 million, Marcus says

A private investor has sold a recently updated, 12-unit apartment building in Newark for more than $1.7 million, in a transaction by brokers with Marcus & Millichap.

Office
C&W: Cloud tech firm moves to Jersey City, leases 12,000 sq. ft.

A cloud and IT services firm is on the move along the Hudson waterfront, having leased 12,000 square feet at a Jersey City office tower.

Industrial
Diversified inks partnership with self-storage consultant, eyeing continued growth

Seeking to grow its development pipeline in the self-storage sector, Diversified Properties has formed a new partnership with a well-known consulting firm in the industry.

Events
‘Meadowlands Cup’ golf event aims to highlight, build support for destination-based economy

Slated for Aug. 2, the first-ever Meadowlands Cup golf event will bring together business leaders and raise funds to support the Meadowlands 2040 Foundation— with a list of sponsors and participants that includes some of the state’s biggest names in the commercial real estate, construction and service industries.

Top News
C&W: Developer wanted for 271-acre development site at Princeton Forrestal Center

Princeton University is seeking a buyer for more than 270 acres along Route 1, where local officials have approved a broad mix of commercial, research, hospitality and residential uses.

Industrial
Logistics user takes 54,000 sq. ft. at Elizabeth industrial building

A logistics firm is moving to a newly renovated warehouse in Elizabeth, where it has leased 54,000 square feet as part of a deal announced Monday by NAI James E. Hanson.

Industrial
Union County warehouse trades for $1.2 million, BRC says

A buyer has paid nearly $1.2 million for a 7,100-square-foot industrial property in Union County, under a newly announced transaction by Bussel Realty Corp.

Roundtable
What challenges do New Jersey’s cities and downtowns face coming out of the pandemic?

What challenges do New Jersey’s cities and downtowns face coming out of the pandemic? We assembled a panel of industry experts to tackle this month’s question.