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.

Residential & Mixed Use
Renters flocking to 55+ property in Cherry Hill as Procida nears completion of final phase

Procida Funding & Advisors is touting its strongest leasing momentum yet at a new age-restricted, 507-unit residential property in Cherry Hill that it took over in 2023 after the site had faced multiple delays during two decades of development.

Office
Sanzari brings Tesla Superchargers to Teaneck with new installation at Glenpointe

Alfred Sanzari Enterprises has unveiled a new Tesla Supercharging station at its Glenpointe property in Teaneck, adding another amenity to the business and hospitality campus.

Finance & Capital Markets
Investment team lands $53 million HUD loan for updates to 308-unit Jersey City rental tower

A joint venture has secured nearly $53 million in federally backed financing to renovate and update a 308-unit mixed-income property in Jersey City.

People
Reynolds adds acquisitions, asset management directors alongside in-house general counsel

Reynolds Asset Management has expanded its leadership team in three key areas with the additions of Joe Raitt, Sam Magalnik and Matt Breuer.

Finance & Capital Markets
M&T closes $66 million Fannie Mae loan for 393-unit Union rental property

The new owner of a 393-unit luxury apartment complex in Union has closed on nearly $66 million in financing, in a transaction arranged by M&T Realty Capital Corp.

Events
Developers Night: Expert panel to tackle impact of tariffs, taxes at annual IOREBA event

A panel of industry experts will take the stage in just over a week when the Industrial and Office Real Estate Brokers Association hosts its annual Developers Night, a popular dinner and networking event that helps kick off the spring conference season.

Residential & Mixed Use
New World Group earns prestigious NAHB awards for FIAT House branding, marketing

Creative agency New World Group has earned national recognition for its work on a distinctive new apartment building at the foot of the George Washington Bridge in Fort Lee.

Deals
NAI Hanson: Home theatre installer leases 1,800 sq. ft. showroom, office space in Budd Lake

A home theatre installer has taken 1,800 square feet of commercial space in the Budd Lake section of Mount Olive, in a newly announced deal by NAI James E. Hanson.

Special Report
Boiling over: Inside a developer’s seven-year saga in Mahwah — and the legal fight that’s now underway

The developers behind a long list of mixed-use, transit-oriented projects across the state have long hoped to bring that formula to Mahwah, touting the untapped potential of a tract at the township’s train station. Yet their attorneys say they’ve been stymied by years of stall tactics and legal obstructions by municipal officials, often without explanation or justification.

Office
Kenvue joins Murphy, other public officials to unveil 290,000 sq. ft. headquarters in Summit

Kenvue Inc. has taken the wraps off its new 290,000-square-foot global headquarters in Summit, with construction underway on a second facility as part of a revamped pharmaceutical campus.