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.

Office
Colliers: Piscataway office complex sells for second time in four years, doubling sale price

A private equity group has sold a Piscataway office complex for nearly $24 million, more than doubling the price it paid to acquire the property in 2016.

Office
Investor sells Clark office building for $13 million, Marcus says

A private investor has reaped more than $13 million from the sale of a Clark office building, in a deal that comes less than two years after it acquired the five-story property.

Office
Investment group sells two-building office complex in Berkeley Heights

An investment firm has sold a nearly 303,000-square-foot office complex in Berkeley Heights, under a newly announced transaction by JLL.

Government & Public Policy
NJBA hails return of non-essential construction, pledges support for safety rules

The New Jersey Builders Association is praising Gov. Phil Murphy’s decision to allow non-essential construction to resume in New Jersey, while pledging support for the guidelines included as part of the executive order that lifted the restriction.

Residential & Mixed Use
Kislak inks sale of apartment complexes in Camden County, Southeast Pennsylvania

A private buyer has acquired a 40-unit apartment complex in Camden County, in one of three recent transactions by The Kislak Co. Inc.

Finance & Capital Markets
Kennedy Funding closes $2.6 million loan for Brazil condo development

Kennedy Funding has closed more than $2.6 million in financing for the expansion of a condominium community in eastern Brazil.

Residential & Mixed Use
South Amboy rental property sells for $43 million, Gebroe-Hammer says

An investor has paid more than $40 million to acquire a newly built, 125-unit rental development in Middlesex County, in a transaction arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
Marcus: Hudson County rental building fetches $14 million

A private owner has reaped $14 million from the sale of a 40-unit multifamily building in Hudson County, brokers with Marcus & Millichap announced Wednesday.

Government & Public Policy
Judge upholds injunction against Montclair rent control law, landlords say

A group of property owners in Montclair has scored another victory in court, as it looks ahead to a hearing that could determine the fate of a hotly debated rent control ordinance in the town.

Office
Marketing, communications agency renews at Bridgewater office building

A marketing and communications firm has renewed its lease at a Bridgewater office building, under a newly announced transaction by NAI James E. Hanson.