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.

People
Red Bank-based First National Realty Partners promotes Collier to chief revenue officer

First National Realty Partners has promoted Sam Collier to chief revenue officer, touting his role in bolstering its standing with national accounts and major retailers.

Residential & Mixed Use
Esen, new development firm led by Brookfield veterans, teases three-tower Jersey City project with 2000+ rentals

A newly launched development firm has announced plans to bring some 2,000 apartments to Jersey City, part of a $1.5 billion project led by several high-profile industry executives.

Retail
Burlington takes 38,000 sq. ft. to bring Woodbridge center to full occupancy, LMC says

A busy shopping center in Woodbridge is now fully leased after securing a commitment from Burlington Stores, according to a brokerage team with Levin Management Corp.

Industrial
Ridgecut Road recaps low-coverage industrial properties in I-287 corridor

Ridgecut Road has recapitalized two industrial outdoor storage properties in the Interstate 287 corridor, in the latest sign of the subsector’s growing appeal to major investors.

Retail
Journal Squared welcomes Cangiano’s Marketplace to growing retail mix

Cangiano’s Marketplace has opened its doors at Journal Squared, the pioneering mixed-use development in Jersey City’s resurgent Journal Square district.

Residential & Mixed Use
C&W: Summit-based Solomon sells 666-unit rental portfolio near Albany for $82 million

The Solomon Organization has sold a 666-unit apartment portfolio in Upstate New York for $82.4 million, in a deal arranged by Cushman & Wakefield and Pyramid Brokerage Co.

Sponsored Content
Minimizing the risk of roof monetization

To avoid the so-called “tail wagging the dog,” rooftop owners can avail themselves of certain strategies in structuring rooftop lease deals to minimize risk. This article touches upon a few strategies, including reserve areas and relocation and recapture rights.

Retail
Agus, Treeco buy ShopRite-anchored retail center in South Plainfield for $40 million

A joint venture has acquired a nearly 220,000-square-foot shopping center in South Plainfield for $40 million, brokers with JLL announced Thursday.

Residential & Mixed Use
Inspired launches sales for new 112-unit upscale condo project in Asbury Park

Inspired by Somerset Development has kicked off sales for more than 100 new condominiums in Asbury Park, adding to the pipeline of luxury for-sale housing along the city’s iconic shoreline.

Retail
Toastique set to open in Morristown with husband and wife team at the helm

The gourmet toast, juice and coffee bar concept known as Toastique is coming to Morristown, where a team of franchisees will open a new downtown location in just over a week.