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.

Health Care & Education
Plastic surgeon acquires 2,400 sq. ft. medical office condo in Ridgefield, NAI Hanson says

A plastic surgery practice is expanding into New Jersey with its purchase of a medical office condominium in Ridgefield, according to brokers with NAI James E. Hanson.

Finance & Capital Markets
Progress sources $76 million loan package for Maryland multifamily deals

A locally based investor has secured $76 million in financing for two multifamily acquisitions outside Baltimore, in a transaction arranged by Progress Capital.

Finance & Capital Markets
Kennedy Funding lends $2.5 million to Denver-area homebuilder

Kennedy Funding has closed a nearly $2.5 million loan to the developer of what will be 149 single-family homes at a tract outside Denver, Colorado.

Residential & Mixed Use
Investment manager sells 214-unit apartment property in Bergen County, CBRE says

A buyer has expanded its New Jersey portfolio with the addition of a 214-unit luxury apartment complex in Westwood, in a newly announced deal by CBRE.

Finance & Capital Markets
C&W sources $115 million loan for LEG industrial development in Rutherford

A global investment manager is providing a $115 million construction loan for Lincoln Equities Group’s recently announced, 360,000-square-foot industrial project in Rutherford.

Residential & Mixed Use
Developer marks opening of new Gold Coast condo building in North Bergen

A joint venture has unveiled a collection of 70 upscale condominiums in North Bergen, touting a location along the Hudson River and easy access to a host of neighborhood amenities.

Industrial
BRC inks $5.7 million sale of Somerset industrial building

A maker of fashion accessories has sold a Somerset County industrial building for nearly $5.7 million, under a deal arranged by Bussel Realty Corp.

Residential & Mixed Use
Developer launches leasing at 240-unit luxury rental project in Park Ridge

A new luxury apartment building in downtown Park Ridge has hit the market, having already rented more than a quarter of its 240 units.

Retail
Burlington restaurant, liquor license trade for $900,000, Rose Commercial says

A restaurant building and liquor license in Burlington County have changed hands for a combined $900,000, in a newly announced transaction by Rose Commercial Real Estate.

Residential & Mixed Use
KRE Group unveils next phase of landmark project, as momentum builds in historic Jersey City neighborhood

Kushner Real Estate Group and National Real Estate Advisors have opened the second of three towers at their Journal Squared project in Jersey City, having leased more than 50 percent of its 704 luxury apartments amid the ongoing revival of a historic neighborhood.