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
Woodland Park retail center changes hands, Colliers says

A special servicer has sold a 50,000-square-foot retail complex in Woodland Park, brokers with Colliers International announced Thursday.

Retail
Retail, office building in South Orange trades for $11.6 million, Kislak says

A mixed-use property in downtown South Orange has changed hands for $11.6 million, in a newly announced transaction by The Kislak Co.

Retail
Sheldon Gross inks sale of East Hanover strip center

An investor has purchased a nearly 27,000-square-foot strip mall in East Hanover, under a newly completed transaction by Sheldon Gross Realty.

Top News
NJCU: Guarini’s $10 million gift to help fund arts center, international studies

A new $10 million gift to New Jersey City University — the largest in the school’s history — is providing a major boost to a plan to build a new performing arts center in Jersey City.

Residential & Mixed Use
Joint venture acquires luxury rental building in Parsippany for $68 million

The developer of a two-year-old, 212-unit apartment building in Parsippany has sold the property, reportedly for nearly $70 million.

Residential & Mixed Use
Jersey City rental projects secure $22.5 million under EB-5 program

A federal agency has approved a $22.5 million loan under the EB-5 visa program that will support part of a plan to bring new apartments and retail space to Jersey City’s west side.

Finance & Capital Markets
Perth Amboy self-storage project lands $11.5 million loan, Eastern Union says

The developer of a new 1,115-unit self-storage facility in Perth Amboy has secured $15.5 million in financing for the project, under a transaction arranged by Eastern Union.

Retail
Burlington County retail center trades for $1 million, Marcus says

A private buyer has acquired a nearly 12,000-square-foot retail property in Burlington County, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
KRE launches leasing (virtually) at 200-unit rental project in Bayonne (SLIDESHOW)

Kushner Real Estate Group is taking the wraps off its first residential project in Bayonne, a collection of 200 apartments just steps from a Hudson-Bergen Light Rail station.

Industrial
Developer sells 10,400 sq. ft. industrial building in Sparta, NAI Hanson says

A developer has sold a 10,400-square-foot speculative industrial building in Sparta, under a newly announced transaction by NAI James E. Hanson.