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
CBRE: Freehold industrial building trades for $4.95 million

The owner of a 46,000-square-foot industrial building in Monmouth County has sold the property after seven years, under a newly announced transaction by CBRE.

Industrial
Logistics firm inks 4.2-acre trailer parking sublease in Newark

Bussel Realty Corp. has completed a sublease of 4.2 acres in Newark’s port district to a third-party logistics firm that will use the site for trailer parking.

Finance & Capital Markets
Hoboken apartment owner refinances for $22 million, JLL says

The owner of a two-building, 50-unit apartment property in Hoboken has secured nearly $22 million in financing, in a transaction arranged by JLL.

Finance & Capital Markets
Lee & Associates New Jersey inks $12.5 million construction loan for Orange project

Lee & Associates New Jersey has arranged a $12.5 million construction loan for a 51-unit multifamily project in Orange, the brokerage firm announced Monday.

Industrial
Crow Holdings expands Northeast team with former Rockefeller exec

Crow Holdings Industrial has bolstered its Northeast team with the addition of a veteran development executive in the region.

Residential & Mixed Use
Ridgefield Park rental portfolio trades for $7.8 million, Marcus says

A private investor has acquired a 45-unit apartment portfolio in Ridgefield Park for nearly $8 million, in a newly announced transaction by Marcus & Millichap.

Office
CBRE tapped as leasing agent at 125,000 sq. ft. office building in Somerset

The owner of a four-story office building in Franklin Township has picked CBRE as its leasing agent, having launched a series of upgrades to lure new tenants to the property.

Roundtable
How can the New Jersey real estate sector prepare for the launch of legal recreational marijuana?

How can the New Jersey real estate sector prepare for the launch of legal recreational marijuana? We assembled a panel of industry experts to tackle this month’s question.

Policy Page
Jersey’s comeback must be sustainable, reflective of migrations and crises

In a year of headlines dominated by the pandemic, financial crisis, racial justice movement and climate change-induced natural disasters, a new report can help local, policymakers understand the challenges we must face and the emerging opportunities we cannot afford to squander.

Professional Services
McManimon Scotland adds to redevelopment law practice group

McManimon, Scotland & Baumann LLC has made an addition to its commercial real estate team, one of five new hires for the Roseland-based law firm.