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.

Finance & Capital Markets
Kennedy Funding inks $750,000 loan for Florida housing development

Kennedy Funding has closed a $750,000 loan to the owner of a residential development site in Southwest Florida, where plans call for more than 300 multifamily and manufactured homes.

Residential & Mixed Use
CPP, L+M launch $123 million rehab of East Orange senior housing complex

A joint venture has started construction on a $123 million overhaul of a 40-year-old, 406-unit affordable housing property in East Orange.

Residential & Mixed Use
Bergen County apartment portfolio trades for $19.2 million

A development and investment firm has sold an 85-unit multifamily portfolio in Bergen County for more than $19 million, according to brokers with The Kislak Co. Inc.

Office
CBRE, Eastman ink three law firm leases in Livingston

Three law firms have leased a combined 11,000 square feet of office space in Livingston, in a series of newly completed transactions by CBRE.

Residential & Mixed Use
Investor, acquires plans conversion of mixed-use Bergenfield building, NAI Hanson says

An investor has acquired a 5,000-square-foot mixed-used building in Bergenfield, with plans to bring new apartments to the property’s ground-floor spaces.

Professional Services
Becht Engineering taps new MEP division manager in Basking Ridge

Becht Engineering BT Inc. has named a new mechanical, electrical and plumbing division manager at its Basking Ridge headquarters.

Office
Mack-Cali still focused on selling suburban portfolio, leasing waterfront, acting CEO says

Mack-Cali Realty Corp. will largely stay the course for now, its interim CEO said this week, with a continued focus on selling its suburban office buildings and stabilizing its waterfront portfolio as it searches for a permanent chief executive.

Office
JLL: Fragrance, flavor supplier extends 21,000 sq. ft. lease in Saddle Brook

A global supplier of fragrances, flavors and other products has extended its lease at a Saddle Brook office building, where it occupies more than 21,000 square feet.

Retail
Lidl opens 28,000 sq. ft. grocery store in North Brunswick, LMC says

German discount grocery chain Lidl has added to its footprint in New Jersey with the debut of a new 28,000-square-foot store in North Brunswick.

Office
CBRE inks leases with exporter, law firm at Florham Park office building

An exporter and a law firm have combined to lease more than 6,000 square feet at a Florham Park office building, in a set of newly announced transactions by CBRE.