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
Silverman Group acquires former Family Dollar headquarters, warehouse near Charlotte

The Silverman Group has acquired a nearly 355,000-square-foot industrial building outside Charlotte, North Carolina, brokers with Avison Young announced Thursday.

Sponsored Content
Proptech is a door to opportunity for real estate firms

At Wiss, we are very pleased to partner on this very first feature on proptech and innovation in the premier real estate publication and website in New Jersey. Not only is real estate one of the core industries we serve, it’s an industry that’s ripe for technological evolution. And we are keen about helping those in the real estate and property sector see how proptech can help them thrive.

Technology
Cloud-based tools can boost efficiency, manage costs in construction process

Technology and construction industry experts have increasingly touted the use of digital, cloud-based platforms to both improve productivity and manage costs in the building process, especially in a time of rising costs and labor shortages.

Technology
Design, construction technology holds great promise for those who can embrace it

A host of new technologies and other innovations are poised to transform the design and construction industry, experts say, but come with hurdles tied to adoption and integration.

Technology
Real estate firms will see substantial increases in efficiency by embracing accounting automation

The way companies work changed fast because of the COVID-19 pandemic, sending them scrambling to learn how to manage a distributed workforce and quickly transition to more automated processes. But, aside from enabling a distributed workforce, automation has much broader advantages for businesses.

Industrial
UPS coming to 880,000 sq. ft. logistics center in Bayonne, city officials say

A new UPS distribution center is coming to Lincoln Equities Group’s sprawling new industrial park in Bayonne, where officials say the carrier would lease nearly 900,000 square feet.

Government & Public Policy
EDA: Revival of historic Paterson stadium set to begin after approval of ERG award

A development team is moving ahead with plans to revive the historic Hinchliffe Stadium site in Paterson, following approval of a $67 million state tax credit for the project.

Finance & Capital Markets
Cronheim touts $11.1 million loan for rental portfolio in Woodbridge, Englewood

The owner of a 178-unit apartment portfolio in Middlesex and Bergen counties has secured more than $11 million in financing, in a transaction arranged by Cronheim Mortgage.

Residential & Mixed Use
LeFrak, Jersey City officials seeking local artists for lobby display at Newport building

LeFrak, the developer of Jersey City’s iconic Newport neighborhood, is seeking the help of local artists to adorn a wall inside its newest waterfront apartment tower.

Office
NAI Hanson: Wealth manager expands, takes 4,500 sq. ft. in Chester

A wealth management firm has leased more than 4,500 square feet of office space in Morris County, in a newly announced transaction by NAI James E. Hanson.