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
C&W: Legacy owners sell 519-unit apartment portfolio in Bergen, Hudson for $94 million

A family ownership group has sold a 519-unit apartment portfolio in Bergen and Hudson counties for $94 million, in a deal arranged by Cushman & Wakefield.

Industrial
Mortimer named senior vice president, investment officer with Prologis New Jersey team

Prologis Inc. has promoted Read Mortimer to senior vice president and investment officer for the New Jersey market, the real estate investment trust announced Thursday.

Industrial
KRE taps CBRE to sell or lease planned four-building, 345,000 sq. ft. industrial park in Ewing

KRE Group has teamed with CBRE to secure a buyer or tenants for more than 345,000 square feet of new flex and warehouse space that it’s set to construct in Ewing.

Residential & Mixed Use
Alpine Residential tops out 500-unit ‘Scholars Village’ at Jersey City’s Liberty Science Center

Alpine Residential has completed vertical construction for Scholars Village, a project that will bring 500 apartments to the high-profile SciTech Scity development in Jersey City.

Deals
Office, industrial leases in Central Jersey among latest deals by Boniakowski

A financial services firm has leased 1,600 square feet of office space in Branchburg, in one of three newly announced deals by The Boniakowski Commercial Real Estate Group.

Office
Signature: Deals with Lindabury, Regus among 184,000 sq. ft. in Q1 leasing activity

Signature Acquisitions has secured three new tenants at a New Providence office building, including law firm Lindabury, McCormick, Estabrook & Cooper PC, announcing the deals as part of 184,000 square feet of first-quarter leasing activity across its portfolio.

Events
Creative connections: Real estate, design experts discuss the intersection of art and health in commercial spaces

From left: Andrea Hsu of NK Architects, Jennifer Ellis-Rosa of Gensler, Shuli Sadé of Sadé Studio and Shane Connell of the Connell Co. took part in a Feb. 27 panel discussion hosted by Morris Arts. — All images courtesy: Morris Arts

Government & Public Policy
Weehawken parcel sold to Amtrak for $60 million after eminent domain settlement

Amtrak has taken control of a key parcel near the Hudson River waterfront in Weehawken, having acquired it for $60 million after an eminent domain settlement negotiated by Carlin, Ward, Ash & Heiart LLC and Winne Banta Basralian & Kahn PC.

Professional Services
Connell Foley real estate attorneys among newest partners at Roseland-based firm

Connell Foley LLP has elevated real estate attorneys Thomas Leane, Melissa Lopez and Robert Verdibello to partner as part of a new round of promotions at the Roseland-based firm.

Industrial
NAI Mertz: Tenants lease 30,000 sq. ft. to bring Cherry Hill industrial park to full occupancy

Velocity Venture Partners has leased up a Cherry Hill industrial campus after four new deals totaling roughly 30,000 square feet, brokers with NAI Mertz announced this week.