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.

Industrial

Sitex makes new industrial acquisitions in Hackensack, the Bronx

Sitex Group has made two recent additions to its industrial portfolio in the region, including a nearly five-acre parcel in Hackensack that allows it to complete a 15-acre land assemblage.

Retail

Sushi, hibachi restaurant inks lease at Gloucester retail center, Vantage RES says

A Gloucester County shopping center is now fully leased after a recent commitment by a sushi and hibachi-style restaurant.

Office

AIG sells 471,000 sq. ft. Metropark office building for $140 million, C&W says

Insurance giant AIG has sold a 470,692-square-foot office building in Woodbridge for $140 million, in a transaction announced Friday by Cushman & Wakefield.

Residential & Mixed Use

Developer eyes launch of leasing at 421-unit rental project in Bogota

A developer is set to unveil more than 400 new luxury apartments in Bogota, touting a location along the Hackensack River and one that is minutes from the area’s vast highway network.

Government & Public Policy

Dresdner Robin helps secure zoning change for Hoboken medical marijuana dispensary

A proposed medical marijuana dispensary in Hoboken is moving forward after a series of zoning and neighborhood impact studies completed by Dresdner Robin.

Industrial

NAI Hanson inks 7,400 sq. ft. industrial lease in Hackensack

A servicer of cell phone towers has leased 7,400 square feet of industrial space in Hackensack, under a newly completed transaction by NAI James E. Hanson.

Finance & Capital Markets

JLL: Developer lands $116 million construction loan for Montvale redevelopment

A large mixed-use development at the site of the former Mercedes-Benz campus in Montvale is moving ahead with the help of a $116 million construction loan, according to brokers with JLL.

Kislak foundation pledges $1.1 million to Monmouth real estate program

The family of late real estate icon Jay Kislak has pledged more than $1 million to Monmouth University, continuing its longstanding support of the school’s real estate program.

Retail

Celebrity chef comes to rooftop restaurant in Port Imperial, Roseland says

A celebrity chef has brought his brand and cuisine to the rooftop restaurant at Roseland Residential Trust’s new waterfront hotel in Weehawken.

Health Care & Education

Holy Name pulmonary group inks new 2,700 sq. ft. lease in North Bergen

An area health care system has signed a new lease for medical office space in Hudson County, committing to 2,700 square feet for a pulmonary and internal medicine practice.