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.

Residential & Mixed Use
Developers, public officials kick off 70-unit veterans’ housing project in Monmouth County

A joint venture has broken ground on a 70-unit multifamily project in Tinton Falls that will be geared toward homeless veterans and others who served in the U.S. armed forces.

Industrial
Urban Edge signs 130,000 sq. ft. industrial lease at converted retail building in Lodi

A developer that is converting a Lodi retail building into industrial space has landed a tenant for the project, inking a 130,000-square-foot lease with a grocery wholesaler.

Finance & Capital Markets
Investors Bank touts $90 million in New Jersey loans among recent CRE activity

Investors Bank has closed nearly a dozen commercial real estate loans valued at $227 million in recent months, including more than $90 million in transactions for its New Jersey clients.

Residential & Mixed Use
BNE, Sterling plan fall opening for new 110-unit rental project in Piscataway

A development team is set to unveil a collection of 110 upscale apartments in Piscataway, touting a suburban setting with quick access to the region’s vast highway network.

Office
Colliers: Piscataway office building fetches $3.9 million

An investment firm has reaped nearly $4 million from the sale of a Piscataway office building, following a transaction arranged by brokers with Colliers International.

Professional Services
R.J. Brunelli broker, son of company founder, named principal

A third member of the Brunelli family has joined the ownership ranks at R.J. Brunelli & Co., the Old Bridge-based retail real estate brokerage firm.

Industrial
Data services firm expands, takes 27,000 sq. ft. in South Hackensack, NAI Hanson says

An IT services firm is expanding in South Hackensack, where’s it’s leasing more than 27,000 square feet of industrial space at a building just north of Interstate 280.

Residential & Mixed Use
Russo touts fast start at newest multifamily project in Kearny

Russo Development is hailing continued success in Kearny, having leased 20 percent of its latest luxury apartment complex in the municipality.

Events
NAIOP honors deals of the year, industry icons as virtual gala marks 50th anniversary

The state’s commercial real estate community gathered virtually on Wednesday as NAIOP New Jersey honored a group of transformative projects and industry leaders, including the family of a developer who helped found the chapter a half-century ago.

Industrial
Camber acquires 88,000 sq. ft. industrial building in Morris County

An investment firm has expanded its northern New Jersey industrial portfolio with the acquisition of a nearly 90,000-square-foot property in East Hanover.