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.

Top News
Onyx named first official supporter for FIFA World Cup New York New Jersey Host Committee

Onyx Equities is set to play a major role in next year’s FIFA World Cup, announcing Wednesday that it has become the first official supporter for the New York New Jersey Host Committee.

Industrial
JLL: Ridgecut Road buys six-acre Fairfield industrial property, secures acquisition loan

Ridgecut Road has acquired and secured financing for a low-coverage industrial property in Fairfield, in a set of transactions arranged by JLL’s capital markets team.

Finance & Capital Markets
Faropoint, Deugen ink $33 million loan for 195,000 sq. ft. New Brunswick warehouse project

Faropoint and Deugen Development have closed on a $33 million construction loan for a new two-building industrial project in New Brunswick, in a deal arranged by Cushman & Wakefield.

Government & Public Policy
Newark Alliance unites three city organizations to expand key growth initiatives

Three of Newark’s key economic development organizations have come together in a move to further their missions while streamlining their efforts to enhance the state’s largest city.

Residential & Mixed Use
Developer buys would-be residential site in Union City for $2.6 million, Marcus says

A residential development site in Union City has changed hands for more than $2.6 million, according to a brokerage team with Marcus & Millichap.

Residential & Mixed Use
Developers break ground on 230-unit Watchung rental project just west of Route 22

A joint venture has closed on the site of a planned six-building, $104 million project that will bring 230 luxury apartments to Watchung, where construction is now underway.

Industrial
Longtime broker, development executive Beyda joins Newmark after five years with Woodmont

Newmark has made a key addition to its New Jersey brokerage team, hiring Steven Beyda as an executive managing director with its Industrial Advisory Group.

Finance & Capital Markets
Kaplan snags $36 million construction loan for 142-unit Sayreville rental project, JLL says

Kaplan Cos. has secured a $36 million construction loan for a planned six-building, 142-unit multifamily project in Sayreville, in a newly announced deal by JLL.

Residential & Mixed Use
Berkadia lists fully approved development site for 172 luxury rentals in Fort Lee

A private family office is looking to sell a Fort Lee development site with approvals in place for a 172-unit luxury residential project, tapping Berkadia as its listing team for the property.

Industrial
Truck repair shop takes 5,200 sq. ft. in Bound Brook industrial deal, Sheldon Gross says

A commercial truck repair business has leased nearly 5,200 square feet of industrial space in Bound Brook, according to a brokerage team with Sheldon Gross Realty.