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.

Top News
Got a feeling ’21 is (going to) be a good year

As we seem to be nearing the final stages of the global pandemic with more people getting vaccinated, federal stimulus monies pouring into our state and a new federal administration that is much more friendly to New Jersey, many of us are feeling that 2021 is going to be a good year.

Hospitality & Tourism
Newark Symphony Hall shows off plans for façade, streetscape makeover

Newark Symphony Hall has unveiled designs for an upcoming exterior renovation as part of a five-year, $50 million renovation project to restore the historic venue.

Office
Insurance firm takes 9,500 sq. ft. at Princeton-area building, Mercer Oak says

An insurance firm has leased more than 9,000 square feet of office space in West Windsor, under a newly announced transaction by Mercer Oak Realty.

Industrial
Duke, clothing importer ink 207,000 sq. ft. industrial lease in South Brunswick

Duke Realty Corp. has signed a new industrial lease in South Brunswick, securing a commitment for more than 200,000 square feet from an apparel importer.

Residential & Mixed Use
Baltimore developer touts capital infusion, eyes summer delivery for first New Jersey project

A developer is detailing plans for a new luxury apartment project in Belleville, as it touts a $200 million capital infusion to expand into New Jersey and throughout the East Coast.

Government & Public Policy
EDA to accept applications for reopened residential ERG program starting June 1

Residential builders seeking tax credits under the state’s relaunched Economic Redevelopment and Growth program can apply for the subsidy starting June 1, officials announced Tuesday.

Residential & Mixed Use
Kokes Properties welcomes community manager for Riverside project

Kokes Properties has announced the hiring of a new community manager as part of the team for a 190-unit residential project under construction in Burlington County.

Finance & Capital Markets
Accurate Builders, MRC ink $395 million loan for Newark stadium site, other multifamily assets

A developer has secured a $395 million loan for a portfolio of multifamily assets, including the former Newark Bears stadium site where plans now call for 4,200 residential units.

Residential & Mixed Use
LeFrak launches leasing at two-building, 336-unit property in Jersey City

The LeFrak Organization has unveiled the latest piece of its iconic Newport neighborhood in Jersey City, announcing the launch of leasing at a new 336-unit luxury apartment complex.

Hospitality & Tourism
Hard Rock announces $20 million upgrade for Atlantic City hotel, casino

Renovations are coming to nearly 100 suites at the Hard Rock Hotel & Casino Atlantic City as part of a newly announced, $20 million investment at the boardwalk property.