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.

Government & Public Policy
Non-essential construction projects in New Jersey can resume Monday, Murphy says

New Jersey will allow non-essential construction to resume starting Monday morning, Gov. Phil Murphy said, while also permitting non-essential retail stores to reopen for curbside pickup.

Residential & Mixed Use
NJBA installs new officers, including Canuso as 67th president

A longtime homebuilding executive has taken the reins as president of the New Jersey Builders Association, with a mission that includes helping it navigate the ongoing public health crisis.

Finance & Capital Markets
JLL inks $30 million loan for Bergenfield rental complex

The owner of a 237-unit garden apartment complex in Bergen County has secured $30 million in financing, brokers with JLL announced Tuesday.

Industrial
New 300,000 sq. ft. industrial building coming to Florence, brokers say

More than 300,000 square feet of new industrial space is coming to Burlington County, following a sale arranged by brokers with Lee & Associates of Eastern Pennsylvania.

Industrial
Garment supplier takes 23,000 sq. ft. in Hackensack, NAI Hanson says

A supplier of women’s garments has leased more than 20,000 square feet at a Hackensack industrial building, under a newly announced transaction by NAI James E. Hanson.

Deals
Congregation sells Bergen County building, eyes new home under recent merger

A congregation has sold its 22,000-square-foot home in Bergen County, as it integrates with another faith-based organization at a new location in a neighboring town.

Retail
Weiss Realty helps coffee shop, pizzeria donate to front line workers in Edison

Tenants at an Edison shopping center are helping front-line workers in the COVID-19 crisis, providing meals, snacks and coffee to hospital employees and police and fire personnel.

Finance & Capital Markets
Investors eye buying, selling opportunities despite COVID challenges

Commercial real estate still holds opportunities for both sellers and investors — including those in New Jersey — provided they can navigate the challenges of the COVID-19 crisis. That was the message from experts who gathered for a virtual panel discussion on the state of capital markets in the Garden State and elsewhere.

Finance & Capital Markets
G.S. Wilcox inks $17 million loan for Elizabeth warehouse

The owner of a 221,000-square-foot warehouse in Elizabeth has secured $17 million in financing, in a newly announced transaction by G.S. Wilcox & Co.

Finance & Capital Markets
Progress Capital: Lyndhurst self-storage project gets $14.5 million construction loan

The developer of a new self-storage facility in Lyndhurst has landed a $14.5 million construction loan for the project, under a transaction arranged by Progress Capital.