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
Capodagli lands $65 million loan for 325-unit rental project, Greystone says

Capodagli Property Co. has secured a $65 million construction loan for a planned 325-unit multifamily project in Union County, in a newly announced transaction by Greystone.

Residential & Mixed Use
Stakeholders hail start of downtown Newark’s first fully affordable housing development

A development team joined Newark city officials on Wednesday to mark the start of a long-awaited, 66-unit project that will bring affordable housing to the central business district.

Industrial
IT products, services company takes 107,000 sq. ft. in Fairfield, CBRE says

A global IT products and services company has leased more than 100,000 square feet of industrial space in Fairfield, according to a brokerage team with CBRE.

Industrial
Diversified, Hampshire acquire Bergenfield industrial building and apartments

An investment team has acquired a 40,000-square-foot industrial building in Bergenfield, along with an adjacent apartment building that provides a potential redevelopment opportunity.

Health Care & Education
Avison Young: Sewell medical office condo trades for $3.75 million

A local investor has sold a medical office condominium in Gloucester County for nearly $4 million, in a newly announced transaction by Avison Young.

Residential & Mixed Use
Developer hits leasing milestone at Bogota rental project, releases new phase

PCD Development has signed more than 100 leases at a new luxury apartment complex in Bogota, prompting it to open a second phase to prospective renters.

Retail
Medical spa takes 1,400 sq. ft. in Tinton Falls, Midtown Commercial says

A medical spa has leased nearly 1,500 square feet of retail space in Tinton Falls, in a transaction arranged by Midtown Commercial Realty.

Professional Services
Larken highlights project team, women in construction at Pennsylvania multifamily site

Larken Associates recently celebrated National Women in Construction Week by highlighting members of its project team at a new multifamily development in South Central Pennsylvania.

People
Senlac Ridge Partners names new principal for development and construction

Senlac Ridge Partners has added a longtime development executive as its newest principal, as the firm looks to ramp up its pipeline of ground-up projects in the region.

Government & Public Policy
State details plan, application period for $353 million in COVID-19 rental assistance

State officials are rolling out another $353 million in rental assistance, in a move that should help both residents and apartment landlords who face mounting revenue shortfalls.