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.

Deals
NAI Hanson inks sale of mixed-use building in Netcong

An investor has acquired a 2,100-square-foot mixed-use building in Morris County, under a newly completed transaction by NAI James E. Hanson.

Professional Services
Katz & Associates names new investment sales broker

Katz & Associates has announced the hiring of a new broker to focus on investment sales in New York, New Jersey and Florida.

Residential & Mixed Use
FirstService renews, expands contract with Toms River senior community

FirstService Residential has renewed and expanded its contract to provide property management services to a sprawling age-restricted community in Toms River.

Finance & Capital Markets
Developer inks $43 million refi of Jersey City rental tower, Lightstone says

The developer of a 132-unit apartment building in Jersey City has refinanced for nearly $43 million, following a transaction arranged by Lightstone Capital.

Retail
Aspen, Devli add 220,000 sq. ft. retail center in Freehold

A joint venture has acquired a four-building, 220,000-square-foot retail property in Freehold, under a newly announced transaction by Colliers International.

Finance & Capital Markets
JLL: Monmouth County industrial buyer secures $10.7 million in debt, equity

The buyer of a 129,600-square-foot industrial building in Monmouth County has landed nearly $11 million in financing and equity for the acquisition, brokers with JLL announced Monday.

Residential & Mixed Use
Kearny, East Newark apartments sell for $2.3 million

Three apartment buildings in western Hudson County have changed hands for $2.3 million, according to Cervelli Real Estate & Property Management.

Professional Services
Bergen County rec complex, senior center upgrade nearly complete, Dresdner Robin says

A community in Bergen County is nearing completion of a revamped recreation and senior center complex, following design and site work by a team with Dresdner Robin.

Government & Public Policy
Murphy signs permit extension bill, drawing praise from developers

Real estate industry advocates are cheering the passage of a state law to extend the timeline for governmental permits and approvals for projects that were stalled by the pandemic.

Residential & Mixed Use
Plainfield planning board approves 14-unit apartment building, retail space

A proposal to build 14 new apartments and retail space near the Plainfield train station is moving ahead after being endorsed by the city’s planning board.