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.

Industrial
Tulfra completes, sells new self-storage building in Rochelle Park

Tulfra Real Estate has completed the sale of a newly developed, 113,000-square-foot self-storage building in Rochelle Park.

Industrial
Elberon, Fidelco land $34 million loan for Elizabeth cold storage project, JLL says

A development team has secured a $34 million construction loan for a new 140,000-square-foot cold storage building on the border of Elizabeth and Newark, in a deal arranged by JLL.

Residential & Mixed Use
Diversified, North Jersey Builders complete 35-unit rental building in East Rutherford

A joint venture has taken the wraps off a new 35-unit luxury apartment building in East Rutherford, with plans to welcome its first residents next month.

Industrial
Hampshire unveils newest self-storage project, in Perth Amboy

The Hampshire Cos. has completed the latest addition to its ever-growing self-storage portfolio, debuting a new 697-unit facility along a major thoroughfare in Perth Amboy.

Professional Services
GZA hires environmental expert, LSRP as associate principal in Fairfield office

GZA GeoEnvironmental Inc. has added a new associate principal in its Fairfield office.

Office
Highstone signs new 7,000 sq. ft. lease at Ramsey office building, JLL says

The owner of a Ramsey office building has lured a new tenant to the property, inking a 7,000-square-foot lease with a national debt collection company.

Professional Services
Avison Young bolsters New Jersey asset management team with transfer from New York

A senior portfolio manager at Avison Young has moved to the firm’s New Jersey office, marking the latest addition to its growing team in the state.

Government & Public Policy
New Jersey legalizes cannabis in long-awaited move with social justice, economic impacts

Adult use of cannabis is now legal in New Jersey, cementing a key piece of Gov. Phil Murphy’s agenda and paving the way for what could be an impactful industry for commercial real estate.

Finance & Capital Markets
Parkview lends $61 million for 282-unit condo project in Port Imperial

A developer seeking to build more than 280 waterfront condominiums in Weehawken has landed $61 million in financing, in a newly completed transaction by Parkview Financial.

Industrial
BRC inks sale of 80,000 sq. ft. industrial building in Middlesex County

A maker of ice melting products has sold an 80,000-square-foot industrial building in Middlesex County for more than $9 million, according to brokers with Bussel Realty Corp.