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.

Residential & Mixed Use
Developer sells newly built 56-unit townhome complex in Woodbridge

The developer of a new 56-unit multifamily complex in Woodbridge has sold the property, according to a brokerage team with NAI DiLeo-Bram & Co.

Residential & Mixed Use
Michaels adds vice president of capital markets

The Michaels Organization has named a new executive to lead its debt and equity platform for both new development and acquisition opportunities.

Retail
Fitness, personal training academy takes 11,000 sq. ft. in Hamilton, R.J. Brunelli says

A fitness and personal training business is taking nearly 11,000 square feet at a Hamilton retail center, in the largest of several newly announced leases by R.J. Brunelli & Co.

Finance & Capital Markets
Procida closes construction loan for 27-unit apartment building in Paterson

Procida Funding & Advisors has originated a $5.45 million construction loan to the developer of a new apartment and retail building in Paterson.

Industrial
Bridge details next phase in Phillipsburg, eyeing 1.7 million sq. ft. of new logistics space

Bridge Development Partners is set to kick off the next piece of its sprawling industrial park in Warren County, where it plans to add nearly 1.7 million square feet.

Residential & Mixed Use
Saxum Real Estate hires director of multifamily development

Saxum Real Estate has named a new director of development to lead its growing multifamily division, part of a pipeline that has surpassed $1 billion in total capitalization.

People
Ryan Sanzari named president of Alfred Sanzari Enterprises

Alfred Sanzari Enterprises has named a new president as part of an expanded role for the company’s third-generation leader.

Industrial
Colliers touts 70,000 sq. ft. industrial lease in Camden

A cocoa bean distributor has leased more than 70,000 square feet at a Camden industrial building, under a newly announced transaction by Colliers International.

Industrial
Larken inks 23,000 sq. ft. renewal with long-term tenant in Hillsborough

Larken Associates has signed a nearly 23,000-square-foot renewal with a longtime tenant at its flex industrial campus in Hillsborough.

Government & Public Policy
Developers press their case, setting sights on bill to allow third-party code inspections

A bill that would allow building owners to obtain faster code inspections using third-party, private-sector agents has moved through the Legislature in recent weeks, raising the hopes of developers and other industry stakeholders who support the proposal.