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.

Retail
Smoothie chain debuts new location in Burlington County, LMC says

A new Smoothie King has opened at a Burlington County shopping center, joining a growing list of food, retail and personal services tenants alongside a busy supermarket.

Office
JLL named leasing agent at Fort Lee office building, details upgrades (SLIDESHOW)

The new owner of a 10-story office building in Fort Lee has tapped JLL as its leasing agent, as it launches a major overhaul of the nearly 207,000-square-foot property.

Finance & Capital Markets
Procida closes $52.5 million construction loan for 214-unit Hudson County project

A planned 214-unit apartment development in North Bergen is moving ahead with the help of a newly announced, $52.5 million construction loan by Procida Funding.

Professional Services
Newmark Associates announces new broker hire

Newmark Associates has made another addition to its brokerage team, hiring a longtime health care and pharmaceutical executive as a sales associate.

Retail
Barbecue restaurant opens 8,100 sq. ft. location in Ramsey, Goldstein Group says

A new barbecue restaurant has opened its doors on Route 17 in Ramsey, following a lease arranged by brokers with The Goldstein Group.

Top News
Bell Works details reopening plan, safety measures after COVID shutdown

Somerset Development has unveiled its plan to reopen its flagship Bell Works complex in Holmdel, providing a roadmap for office and retail tenants that were forced to leave as the COVID-19 crisis escalated in early spring.

Industrial
Sitex makes new industrial acquisitions in Hackensack, the Bronx

Sitex Group has made two recent additions to its industrial portfolio in the region, including a nearly five-acre parcel in Hackensack that allows it to complete a 15-acre land assemblage.

Retail
Sushi, hibachi restaurant inks lease at Gloucester retail center, Vantage RES says

A Gloucester County shopping center is now fully leased after a recent commitment by a sushi and hibachi-style restaurant.

Office
AIG sells 471,000 sq. ft. Metropark office building for $140 million, C&W says

Insurance giant AIG has sold a 470,692-square-foot office building in Woodbridge for $140 million, in a transaction announced Friday by Cushman & Wakefield.

Residential & Mixed Use
Developer eyes launch of leasing at 421-unit rental project in Bogota

A developer is set to unveil more than 400 new luxury apartments in Bogota, touting a location along the Hackensack River and one that is minutes from the area’s vast highway network.