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.

Residential & Mixed Use

Cervelli: Six-unit Jersey City rental building trades with ‘immediate’ value-add potential

A longtime apartment owner in Jersey City has added a six-unit building in the Bergen-Lafayette neighborhood, in a deal arranged by Cervelli Real Estate and Property Management.

Industrial

Seagis signs two new leases totaling 25,000 sq. ft. at updated industrial building in Carlstadt

Seagis Property Group has filled some 25,000 square feet of industrial space in the Meadowlands with new leases to a logistics service provider and a national stone company.

Professional Services

Najarian Associates marketing, communications director marks milestone with consulting firm

Najarian Associates is marking the 20th anniversary of Ohannes Najarian, a second-generation member of its leadership team and a key figure in its business development efforts.

Professional Services

NAI Hanson welcomes Godau as vice president in Parsippany office

Brian Godau has joined NAI James E. Hanson, where the veteran broker will serve the firm’s roster of owner, occupier and institutional clients.

Industrial

Manufacturer buys 50,000 sq. ft. Edison warehouse for $18 million, NAIDB says

A developer has sold more than 50,000 square feet of modern industrial space in Edison for $18.2 million, brokers with NAI DiLeo-Bram & Co. announced Tuesday.

Russo details plan for new Paramus headquarters, breaks ground on Rahway rental project (SLIDESHOW)

Russo Development has started construction on its new 45,000-square-foot headquarters in Paramus, hailing the project as a new chapter in its nearly 50-year history as it looks to modernize its workspace and support its sprawling portfolio.

Government & Public Policy

Solomon: KRE to add affordable housing to Journal Square project, ending plans for Pompidou museum

KRE Group has officially scrapped plans to house a highly touted museum in its latest Jersey City rental project, opting instead to bring affordable housing and potential community space to the site under an agreement with the city’s new mayor.

Residential & Mixed Use

Investor buys updated 31-unit apartment building in Chatham in $11 million deal by ICON

A private investor has acquired a renovated 31-unit apartment building in Chatham for $11.2 million, brokers with ICON Real Estate Advisors announced Monday.

Office

Calabrese Development buys 9,000 sq. ft. commercial building in downtown Raritan Borough

Calabrese Development Group has acquired a commercial building in Raritan Borough that will serve as its new headquarters while providing long-term redevelopment potential.

People

DeNardo joins Bennett Capital Advisors as chief investment officer

Bennett Capital Advisors has tapped Andrew DeNardo as chief investment officer, bolstering the Holmdel-based team focused on acquiring shopping centers and net-leased investments.