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.

Office
Roofing firm inks 5,000 sq. ft. lease in Elmwood Park, NAI Hanson says

A roofing business has leased nearly 5,000 square feet at an office building in Elmwood Park, brokers with NAI James E. Hanson said.

Residential & Mixed Use
Façade nearly complete at new Hoboken condo building

Bijou Properties is putting the finishing touches on the exterior of VIA Lofts, a new 10-unit luxury condominium project in the northwest section of Hoboken.

Residential & Mixed Use
Developers break ground on 219-unit apartment project in Rahway

AST Development Corp. and Sterling Properties are partnering on another project in Rahway, where they’ve started construction on more than 200 new luxury apartments.

Retail
Experts: Supreme Court’s ‘Wayfair’ ruling will have broader impact on taxes than real estate

A recent ruling by the U.S. Supreme Court will likely raise the cost of some online sales and provide an infusion of revenue for New Jersey’s state coffers, but its impact on commercial real estate may be limited.

Industrial
NAI Hanson: E-commerce firm takes 40,000 sq. ft. in Meadowlands

An e-commerce company is moving within Bergen County to a newly renovated, 40,000-square-foot building in Carlstadt, brokers with NAI James E. Hanson announced.

Finance & Capital Markets
HFF brokers $29 million loan for Research Triangle project

A developer has secured nearly $29 million in financing for a project in North Carolina’s Research Triangle, in a transaction led by brokers from HFF’s New Jersey office.

Retail
Goodwill finds new location in Camden County, Vantage RES says

A regional Goodwill organization is relocating within South Jersey, following a 15,000-square-foot lease brokered by Vantage Real Estate Services.

Office
Upgrades planned for West Orange office building (RENDERINGS)

The owner of a well-known, 125,000-square-foot office building in West Orange has unveiled its plans to upgrade the property after acquiring it last year.

Professional Services
C&W announces 15 broker promotions in New Jersey

Cushman & Wakefield has named two new executive vice chairmen in New Jersey, part of 15 newly announced broker promotions in the firm’s three offices in the state.

Finance & Capital Markets
Progress brokers $4.3 million loan for Passaic residential project

The developer of a new 40-unit multifamily building in Passaic has secured more than $4 million in financing, Progress Capital Advisors said last week.