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.

Professional Services
Van Name joins Bennett Realty & Development as associate

Bennett Realty & Development has expanded its Holmdel-based brokerage team with the addition of Alex Van Name as an associate.

Office
JT Magen delivers 178,000 sq. ft. global headquarters for Lord Abbett & Co. in Jersey City

Investment manager Lord Abbett & Co. LLC has opened its new global headquarters in Jersey City, where it occupies more than 178,000 square feet built out by JT Magen.

Finance & Capital Markets
IDB Bank provides $30 million loan to refinance new 155-unit Newark rental building

TAY Investments has refinanced a new 155-unit apartment building in Newark with the help of a $30 million loan from IDB Bank, the lender announced recently.

Professional Services
Historic library in Long Branch reopens after DIG-led, multimillion-dollar update

DIGroup Architecture is marking the completion of a project that has restored and updated the historic Long Branch Free Public Library.

Retail
Trade of 3,700 sq. ft. retail building in Paramus among two recent sales by The Goldstein Group

The site of a nearly 3,700-square-foot retail building in Paramus has changed hands and is now slated to become a home electronics store, brokers with The Goldstein Group announced.

Office
Design firm buys 1,000 sq. ft. office condo in Sussex County, NAI Hanson says

An architect has acquired a 1,000-square-foot office condominium in the Sussex County township of Hardystown, in a transaction arranged by NAI James E. Hanson.

Residential & Mixed Use
BXP teams with Albanese, CrossHarbor to build 670-unit rental project in Jersey City

A development team has unveiled plans to bring another 670 luxury apartments to Jersey City under a $400 million project that would rise just south of the Hoboken border.

Residential & Mixed Use
Value Cos. debuts 24-unit addition at Randolph apartment complex, with more phases to come

Value Cos. Inc. has unveiled the latest phase of a plan to expand its Gateways at Randolph property, a sprawling apartment complex off Route 10.

Retail
Sussman: Ex-restaurant in Marlton sells for $2.3 million, set to become cannabis shop

The site of a shuttered restaurant in Evesham Township is set to become a cannabis dispensary after changing hands last month for $2.3 million, in a deal arranged by A.J. Sussman Co.

Residential & Mixed Use
Reynolds closes on 432-unit apartment complex in Ohio, adding to Midwest portfolio

Reynolds Asset Management has made another acquisition in Ohio, adding a 432-unit apartment complex in Columbus that it now plans to renovate over the next year.