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.

Government & Public Policy
Jersey City outlines enhanced high-rise inspections in wake of deadly collapse in Florida

Jersey City Mayor Steven Fulop has unveiled legislation to strengthen inspections requirements for high-rise buildings in the city, citing the recent deadly collapse of a condo tower in South Florida and the concerns of residents in his own municipality.

Hospitality & Tourism
Kushner affiliate adds Long Branch parcel, completing site for oceanfront hotel

An affiliate of Kushner Cos. has completed an assemblage in Long Branch to pave the way for the development of a new oceanfront hotel, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Diversified, North Jersey Builders tout lease-up of East Rutherford rental building

A joint venture has completed its lease-up of a new 35-unit luxury apartment building in East Rutherford.

Finance & Capital Markets
Kennedy Funding inks $3.5 million loan for mixed-use project in San Antonio

Kennedy Funding has closed a nearly $3.5 million land loan to the developer of a large mixed-use project in downtown San Antonio.

Industrial
NAI Hanson: Hampshire acquires, plans upgrades at Allendale industrial building

The Hampshire Cos. has acquired a nearly 115,000-square-foot industrial building in Allendale, with plans to modernize the property through a series of upcoming renovations.

Industrial
JLL: Developer seeking buyer for planned 112,000 sq. ft. industrial project along I-287

A developer is seeking a buyer for what will be more than 110,000 square feet of new industrial space along Interstate 287 in Middlesex County, according to brokers with JLL.

Health Care & Education
Coremark sells Fair Lawn sites approved for senior living facility

The Coremark Group has completed the sale of a Bergen County development site that is slated to house a 101-unit senior living facility, the firm announced.

Retail
R.J. Brunelli: Franchisee brings cookie chain to New Jersey, eyes additional sites

A cookie delivery and takeout chain is preparing to open its first store in New Jersey, as a franchisee seeks additional locations in the central and southern parts of the state.

Retail
Accordia adds three tenants, completes lease-up of new-look retail space

Accordia Realty Ventures has signed three new retail leases at a property in Bergen County, bringing it to full occupancy after an extensive renovation in recent years.

Office
Newmark: Availability grows in North Jersey office market, despite improved outlook

The amount of available office space in New Jersey grew further in the second quarter, despite leases by technology and life sciences tenants and signs of improvement on the horizon.