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.

Office
Counseling service acquires 4,500 sq. ft. office building in Camden County

A nearly 4,500-square-foot office building in Haddon Heights has changed hands, following a transaction arranged by Vantage Real Estate Services.

Retail
Larken, Haitian restaurant sign 1,300 sq. ft. lease in Hillsborough

Larken Associates has added a new tenant to a commercial center in Hillsborough, inking a roughly 1,300-square-foot lease with a family-owned Haitian restaurant.

Retail
Construction underway on third phase of Randolph retail, medical office project

Vita & Vita Realty Corp. has started construction on the latest piece of what will be nearly 52,000 square feet of retail and medical office space in Morris County.

Residential & Mixed Use
Kokes eyes groundbreaking for 190-unit rental project in Riverside

Kokes Properties is slated to break ground later this year on the first piece of a plan to redevelop a long-vacant lot at the site of a former garment factory in Burlington County.

Government & Public Policy
State launches $25 million relief program for small landlords hurt by COVID-19

State officials have unveiled a $25 million grant program for small landlords who have lost rent revenue during the coronavirus crisis.

Residential & Mixed Use
Journal Square apartment buildings fetch $10 million, Gebroe-Hammer says

The longtime owner of two Jersey City apartment buildings has sold the 57-unit portfolio for nearly $10 million, in a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
Kennedy Funding inks $750,000 loan for Florida housing development

Kennedy Funding has closed a $750,000 loan to the owner of a residential development site in Southwest Florida, where plans call for more than 300 multifamily and manufactured homes.

Residential & Mixed Use
CPP, L+M launch $123 million rehab of East Orange senior housing complex

A joint venture has started construction on a $123 million overhaul of a 40-year-old, 406-unit affordable housing property in East Orange.

Residential & Mixed Use
Bergen County apartment portfolio trades for $19.2 million

A development and investment firm has sold an 85-unit multifamily portfolio in Bergen County for more than $19 million, according to brokers with The Kislak Co. Inc.

Office
CBRE, Eastman ink three law firm leases in Livingston

Three law firms have leased a combined 11,000 square feet of office space in Livingston, in a series of newly completed transactions by CBRE.