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.

Finance & Capital Markets
CBRE: South Orange apartment building refinances for $14 million

The owner of a 66-unit apartment building in South Orange has refinanced for $14 million, brokers with CBRE announced Wednesday.

Industrial
Eatontown industrial building fetches $4.25 million, Gramercy Real Estate says

A Brooklyn-based investor has acquired a nearly 44,000-square-foot industrial building in Monmouth County, in a newly announced transaction by Gramercy Real Estate LLC.

Industrial
Design, construction firm touts start of 50,000 sq. ft. logistics hub in Piscataway

A design and construction firm has broken ground on a new industrial project in Piscataway, the future home of a locally based transportation and logistics company.

Office
Investor sells Morris County office building for $50 million, completing value-add plan

An investment firm has sold a 232,000-square-foot office building in Morris County for $50 million, more than doubling the price it paid to acquire the property in early 2017.

Finance & Capital Markets
Apartment owner refinances for $140 million, extending affordable housing subsidy

The owner of a 688-unit apartment complex in West New York has closed on a $140 million loan that will allow it to operate the property as affordable housing for another four decades.

Residential & Mixed Use
Kokes names new construction manager for New Jersey pipeline

Kokes Properties has hired a construction industry veteran as the latest addition to its in-house development team in New Jersey.

Professional Services
Garibaldi kicks off broker apprenticeship program with two hires

The Garibaldi Group has made its first two hires under an apprenticeship program aimed at positioning its brokerage team for the future.

Industrial
BRC inks 40,000 sq. ft. industrial lease in Piscataway

The owner of a nearly 70,000-square-foot industrial building in Piscataway has signed a lease for more than half of the property, in a transaction arranged by Bussel Realty Corp.

Retail
Pierson named leasing agent for Saxum-owned retail spaces in Montclair

Saxum Real Estate has tapped Pierson Commercial as its retail leasing agent for two mixed-use buildings in downtown Montclair.

Retail
LMC: Jersey Shore bagel chain expands, leases 1,900 sq. ft. in Manasquan

A bagel chain in Monmouth and Ocean counties is adding a new location in Manasquan, following a recent transaction by Levin Management Corp.