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.

Retail
Newark: Onyx picks Pierson Commercial as retail agent at new-look Gateway

As it continues its overhaul of Newark’s Gateway Center, Onyx Equities has tapped Pierson Commercial as its leasing agent for what will be the complex’s redeveloped retail space.

People
Stro names new general counsel

The Stro Cos. has hired a veteran business and real estate lawyer as its new general counsel.

Retail
NAI Hanson: Bogota Savings finds new branch, headquarters location in Hasbrouck Heights

A locally based bank has acquired a vacant 15,390-square-foot building in Hasbrouck Heights, with plans to use the space for both a new branch and its corporate headquarters.

Health Care & Education
Thor kicks off construction to create new lab, R&D building in Jersey City, JLL says

Thor Equities has started construction in its plan to overhaul a 350,000-square-foot building in Jersey City, where it aims to create “lab-ready” space that will attract life sciences users.

Retail
LMC adds leasing rep for northern, central New Jersey retail centers

Levin Management Corp. has announced a new addition to its leasing team to oversee several retail properties in northern and central New Jersey.

Finance & Capital Markets
Snowpoint closes $2.8 million loan for Passaic County rehab center

The buyer of a rehabilitation and recovery center in Passaic County has secured $2.8 million in financing, in a newly announced transaction by Snowpoint Capital Management.

People
Connell announces three additions to culinary team at Berkeley Heights campus

The Connell Co. has unveiled three key additions to the culinary team at its sprawling business and hospitality campus along Interstate 78 in Union County.

Technology
Smart building tech provides a path to energy savings, sustainability

Landlords and technology firms say tools such as smart meters, sensors and cloud-based platforms can help reduce a building’s carbon footprint, which can come with the equal or greater selling point of cost savings on energy.

People
Vision Properties announces promotion, new Northeast vice president

Vision Properties has added to its executive team with a key promotion in its Northeast division.

Industrial
Investment firm acquires 24,000 sq. ft. Meadowlands industrial building

A locally based investment firm has expanded its portfolio with the purchase of a 24,000-square-foot industrial building in Carlstadt.