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
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.

Government & Public Policy
NJ Transit awards contract, initial funding to begin Newark Penn Station upgrade

NJ Transit has awarded a key contract that it says will help kick off its long-awaited, $190 million restoration and upgrade of Newark Penn Station.

Residential & Mixed Use
Woodmont breaks ground on 120-unit luxury rental complex in Warren County

Woodmont Properties has broken ground on its latest multifamily project, with plans calling for 120 luxury apartments just west of Hackettstown in Warren County.

Industrial
BRC named leasing agent at 207,000 sq. ft. Somerset industrial building

The owner of nearly 210,000 square feet of industrial space in Franklin Township has tapped Bussel Realty Corp. as its leasing agent.

Office
Teaneck office building sold, set to become student housing for Orthodox Jewish school

The operator of an Orthodox Jewish school has purchased an 8,300-square-foot office building in Teaneck, brokers with NAI James E. Hanson announced Monday.

Health Care & Education
Atkins announces upgrades at 120,000 sq. ft. medical office building in West Orange

Atkins Cos. has kicked off its renovation of a 120,000-square-foot medical office building in West Orange located across from the Cooperman Barnabas Medical Center.

Residential & Mixed Use
OneWall sells 301-unit East Orange workforce housing portfolio for $53 million

An apartment owner has sold a five-building, 301-unit portfolio in East Orange for $53 million, under a transaction arranged by CBRE.

Office
CSG, Cushman detail plans for law firm’s new 109,000 sq. ft. HQ in Roseland

A major renovation is coming to a Roseland office building in conjunction with a newly announced, 109,000-square-foot lease by law firm Chiesa Shahinian & Giantomasi PC.