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.

Industrial
Osmo, AI-powered scent startup, takes 58,000 sq. ft. at Bridge, Elberon warehouse in Elizabeth

A startup that uses artificial intelligence to create and detect smells has leased more than 58,000 square feet at a new industrial building in Elizabeth.

People
Shiff, veteran CRE executive, joins STRO as chief operating officer

The STRO Cos. has tapped longtime commercial real estate executive Gabriel Shiff as its new chief operating officer, the Ridgewood-based firm announced Monday.

Residential & Mixed Use
Kushner launches leasing at 307-unit luxury senior housing property in Fair Lawn

Leasing is underway at a collection of more than 300 upscale, age-restricted apartments in Fair Lawn as part of the latest addition to Kushner’s portfolio of new suburban rental properties.

People
Denholtz adds former Related executive Callahan as general counsel

Denholtz has added to its leadership team with the hiring of Jonathan Callahan, tapping the former Related Management Co. executive as its general counsel.

Finance & Capital Markets
KRE lands $90 million loan to refi 285-unit rental project in Marlboro, C&W says

KRE Group has closed on $90 million in financing for a new 285-unit luxury apartment community in Marlboro, brokers with Cushman & Wakefield announced Monday.

Retail
Investor buys 68,000 sq. ft. Wayne retail property in one of two Goldstein Group sales

An investment group has sold 68,000 square feet of highway retail space in Wayne, in one of two newly announced deals by The Goldstein Group.

Professional Services
NAIDB’s Galiano named NAI Global Top Producer for 2024

Chris Galiano of NAI DiLeo-Bram & Co. has secured another NAI Global Top Producer award, following a strong year of sales and leasing volume for the longtime broker and firm leader.

Residential & Mixed Use
Denholtz, local officials tout Bound Brook’s future as they unveil 143-unit rental building

Denholtz has opened the doors to a new 143-unit luxury apartment building in downtown Bound Brook, where it joins a growing stock of new rental housing steps from NJ Transit rail service.

Residential & Mixed Use
eXp: Buyer wanted for new 12-unit rental building along Jersey City’s Lincoln Park

The owner of a 12-unit luxury apartment building at the edge of a sprawling park in Jersey City has listed the property for sale, according to brokers with eXp Realty.

Finance & Capital Markets
Bayport closes $4.9 million loan for commercial-to-residential project in Elizabeth

The developer behind a plan to convert a historic commercial building in Elizabeth into 15 apartments has secured nearly $4.9 million in financing from Bayport Funding.