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
Investment firm adds head of acquisitions, associate for growing industrial platform

A real estate investment firm has made two new hires to support its growing industrial portfolio in New Jersey and the surrounding region.

Office
C&W touts sale of 25,000 sq. ft. Parsippany office building

The Silverman Group has sold a nearly 25,000-square-foot office building in Parsippany, brokers with Cushman & Wakefield announced Wednesday.

Finance & Capital Markets
Cronheim inks $7.75 million loan for 25-unit project in Jersey City Heights

A first-time multifamily builder has landed nearly $8 million in financing for a 25-unit project in The Heights section of Jersey City, under a deal arranged by Cronheim Mortgage.

Residential & Mixed Use
High-rise apartment building in Elizabeth fetches $21 million, Gebroe-Hammer says

The longtime owner of a 109-unit apartment building in Elizabeth has sold the property for more than $21 million, in a newly announced transaction by Gebroe-Hammer Associates.

Retail
Newark: Onyx picks Pierson Commercial as retail agent at new-look Gateway

As it continues its overhaul of Newark’s Gateway Center, Onyx Equities has tapped Pierson Commercial as its leasing agent for what will be the complex’s redeveloped retail space.

People
Stro names new general counsel

The Stro Cos. has hired a veteran business and real estate lawyer as its new general counsel.

Retail
NAI Hanson: Bogota Savings finds new branch, headquarters location in Hasbrouck Heights

A locally based bank has acquired a vacant 15,390-square-foot building in Hasbrouck Heights, with plans to use the space for both a new branch and its corporate headquarters.

Health Care & Education
Thor kicks off construction to create new lab, R&D building in Jersey City, JLL says

Thor Equities has started construction in its plan to overhaul a 350,000-square-foot building in Jersey City, where it aims to create “lab-ready” space that will attract life sciences users.

Retail
LMC adds leasing rep for northern, central New Jersey retail centers

Levin Management Corp. has announced a new addition to its leasing team to oversee several retail properties in northern and central New Jersey.

Finance & Capital Markets
Snowpoint closes $2.8 million loan for Passaic County rehab center

The buyer of a rehabilitation and recovery center in Passaic County has secured $2.8 million in financing, in a newly announced transaction by Snowpoint Capital Management.