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
Amazon opens new 130,000 sq. ft. delivery station in Mount Olive

Amazon is touting the opening of a new 130,000-square-foot delivery station in Mount Olive, one of 14 newly announced facilities that it will occupy in New Jersey.

Finance & Capital Markets
Greystone closes $15.3 million loan for Camden County apartment complex

The owner of a 208-unit multifamily property in Camden County has refinanced for more than $15 million, in a newly announced transaction by Greystone.

Retail
Furniture store opens in Paramus after backfilling Route 17 space, Goldstein Group says

A furniture business has opened its doors in Paramus, following its acquisition last year of a nearly 18,000-square-foot building on Route 17.

Top News
JLL: Buyers wanted for North Jersey medical office, light industrial buildings

The owner of two medical office buildings and a light industrial property in northern New Jersey has put the portfolio on the market, in a newly announced offering by JLL.

Top News
DeMarco out after five years at Mack-Cali, as REIT names interim CEO

Michael DeMarco is out as CEO of Mack-Cali Realty Corp., the company announced, following a year-long proxy fight that saw activist investors win control of its board of directors.

Office
New Jersey properties included in $97 million ground lease sale

An investment group has acquired a collection of ground-leases in New Jersey as part of a four-state, $97 million transaction with Brandywine Realty Trust.

Retail
Optical chain opens 3,000 sq. ft. store at Raritan retail center, LMC says

A Somerset County shopping center has reached full occupancy with the debut of a 3,000-square-foot store by a national optical retailer.

Retail
Marcus inks $1.43 million sale of Mount Olive bank property

An investor has acquired a 3,250-square foot retail property in Mount Olive, in a newly completed transaction by Marcus & Millichap.

Finance & Capital Markets
Investor lands long-term financing, repays $8.75 million loan from Procida

A borrower has repaid an $8.75 million loan to Procida Funding after securing long-term financing for an eight-building, mixed-use portfolio in Sleepy Hollow, New York.

Residential & Mixed Use
BNE, local officials break ground on first phase of major redevelopment in South Amboy

BNE Real Estate has broken ground on a 291-unit residential building in South Amboy, the first piece of a sweeping waterfront redevelopment that will yield nearly 2,000 new apartments.