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.

Office
Prism relocates headquarters ahead of pharma firm’s move to ON3 campus in Nutley

Prism Capital Partners has moved its headquarters within its flagship ON3 campus, making way for the global pharmaceutical firm that will occupy the site’s distinctive 15-story office tower.

Retail
Gaming hall takes 2,500 sq. ft. in Mahwah, Midtown Commercial says

A tabletop gaming venue has joined the roster at a grocery-anchored retail center in Mahwah, in a newly announced transaction by Midtown Commercial Realty.

Finance & Capital Markets
Progress Capital inks $15 million loan for Harlem development parcel

A developer has landed $15 million in financing for its acquisition of a parcel in Manhattan’s Harlem neighborhood, according to a debt placement team with Progress Capital.

Residential & Mixed Use
Larken sees towns in central, western New Jersey as growth markets for luxury rentals

Larken Associates has ramped up its multifamily development pipeline in recent years, as it looks to bring upscale apartments and amenities to lesser-known suburban submarkets.

Residential & Mixed Use
Developer sells newly built 56-unit townhome complex in Woodbridge

The developer of a new 56-unit multifamily complex in Woodbridge has sold the property, according to a brokerage team with NAI DiLeo-Bram & Co.

Residential & Mixed Use
Michaels adds vice president of capital markets

The Michaels Organization has named a new executive to lead its debt and equity platform for both new development and acquisition opportunities.

Retail
Fitness, personal training academy takes 11,000 sq. ft. in Hamilton, R.J. Brunelli says

A fitness and personal training business is taking nearly 11,000 square feet at a Hamilton retail center, in the largest of several newly announced leases by R.J. Brunelli & Co.

Finance & Capital Markets
Procida closes construction loan for 27-unit apartment building in Paterson

Procida Funding & Advisors has originated a $5.45 million construction loan to the developer of a new apartment and retail building in Paterson.

Industrial
Bridge details next phase in Phillipsburg, eyeing 1.7 million sq. ft. of new logistics space

Bridge Development Partners is set to kick off the next piece of its sprawling industrial park in Warren County, where it plans to add nearly 1.7 million square feet.

Residential & Mixed Use
Saxum Real Estate hires director of multifamily development

Saxum Real Estate has named a new director of development to lead its growing multifamily division, part of a pipeline that has surpassed $1 billion in total capitalization.