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
Progress Capital inks $50 million construction loan for charter school project

An investment group has secured a $50 million loan to convert a historic Bronx warehouse to a new charter school, under a newly announced transaction by Progress Capital.

Retail
Commercial driving school taps R.J. Brunnelli, eyes new locations in New Jersey

A commercial driving school has picked R.J. Brunelli & Co. to oversee its expansion in New Jersey, the retail brokerage firm announced Monday.

Residential & Mixed Use
Bijou, Intercontinental tout new leasing milestone at Hoboken rental building

Renters have leased more than two-thirds of a new 424-unit apartment building in Hoboken, as interest continues despite the ongoing coronavirus crisis.

Residential & Mixed Use
Amato, a second-generation homebuilder, faces new tests as Shore Builders Association leader

Homebuilder Chris Amato is navigating challenges to the industry as both the head of his family-owned firm and as the new president of the Shore Builders Association of Central New Jersey.

Government & Public Policy
Murphy announces $100 million rental assistance program

The state will provide at least $100 million in assistance to low- and moderate-income renters impacted by the COVID-19 crisis, under a program announced Friday by Gov. Phil Murphy.

Office
Design firm: Many office workers eager to return, but concerned about getting sick

A new survey has found that many workers are looking forward to going back to the office, but remain concerned about getting sick and not having enough personal space.

Office
WCRE inks sale of 3,400 sq. ft. office building in Mount Laurel

A law firm has acquired a 3,400-square-foot office building in Mount Laurel, under a newly announced transaction by Wolf Commercial Real Estate.

Office
Kimmerle touts design, build-out of law firm’s new 35,000 sq. ft. office in Cranford

A law firm has opened the doors to its new 35,000-square-foot headquarters in Cranford, following a design and fit-out overseen by Kimmerle Group.

Professional Services
Avison Young tenant, occupier solutions professional named principal

Avison Young has named a new principal in New Jersey, promoting an industry professional with more than a decade of experience in tenant representation and occupier solutions.

Editor’s Note
Thinking positively

Last month I alluded to how quickly things can change during a situation such as a pandemic, especially one that has so dramatically impacted our economy. That is certainly still the case in New Jersey, but the good news is that (as of now), things may be changing for the better.