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
Developers land $58 million construction loan for 197-unit Bayonne rental project, C&W says

The developers of nearly 200 new apartments in Bayonne have secured $58 million in construction financing for the project, in a transaction arranged by Cushman & Wakefield.

Top News
Denholtz to mentor, partner with veterans in new alliance with 10X Vets

Denholtz has launched a new program with 10X Vets, eyeing mentorship and partnership opportunities with the business and real estate network for military veterans.

Residential & Mixed Use
Malas acquires second parcel in Teaneck, eyeing 248-unit second phase of The Marq

Malas Development has closed on its acquisition of 2.5 acres in Teaneck, clearing the way for the second phase of a newly opened apartment building near Route 4.

Retail
Nothing Bundt Cakes takes 1,800 sq. ft. at Flemington Marketplace, LMC says

Nothing Bundt Cakes is coming to a 239,000-square-foot shopping center in Flemington, adding to its footprint in New Jersey and a vast portfolio of stores in North America.

Retail
CPN: Jazzercize owner inks 1,300 sq. ft. lease in Pennington

A local Jazzercize business has taken nearly 1,300 square feet at a Mercer County commercial complex, in a newly announced deal by Commercial Property Network Inc.

Residential & Mixed Use
Hartz completes Cranford rental project, marking transformation of ex-office property

Hartz Mountain Industries has brought new life to another aging office property in New Jersey, delivering 250 apartments to a sprawling site near Cranford’s Hyatt Hills Golf Course.

Retail
CBRE: Goldman Sachs unit sells 111,000 sq. ft. Newark retail center for $38 million

An affiliate of Goldman Sachs has sold a well-known, grocery-anchored retail property in Newark for $37.5 million, brokers with CBRE announced Tuesday.

Office
Behavioral health group takes 4,800 sq. ft. in Somerset, Sheldon Gross says

A behavioral health organization has leased more than 4,800 square feet at a newly renovated office building in the Somerset section of Franklin, in a deal arranged by Sheldon Gross Realty.

Finance & Capital Markets
Kennedy Funding closes $8 million in land loans in two countries in 14 days

Kennedy Funding has closed four land loans totaling more than $8 million in recent weeks, including three outside its home state of New Jersey and a fourth in South America.

Residential & Mixed Use
New 42-unit apartment building in Plainfield on the market for sale, IPRG says

A developer has tapped Investment Property Realty Group to sell a newly completed, 42-unit apartment building across from NJ Transit’s Netherwood station in Plainfield.