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.

Health Care & Education
Embroidery, screen printing business buys vacant Phillipsburg school building

The Phillipsburg Board of Education has sold a vacant 8,500-square-foot school building in the Warren County town, under a newly completed transaction by NAI James E. Hanson.

Industrial
Crow Holdings, LG Electronics ink 925,000 sq. ft. lease at Franklin industrial project

Crow Holdings Industrial has inked a 925,000-square-foot lease in Franklin Township with LG Electronics USA, landing a high-profile tenant at its first New Jersey warehouse project.

Residential & Mixed Use
Woodmont debuts 230-unit project in Roxbury, its latest luxury rental development

Woodmont Properties has opened the doors to an upscale, 230-unit apartment community in the Morris County township of Roxbury.

Industrial
CBRE: Pricing gap for investors narrows between cold storage, traditional warehouses

Investors increasingly are warming up to the cold storage warehousing sector in New Jersey and other major markets — despite ongoing challenges in the asset class — pushing cap rates for Class A facilities closer to those of traditional high-quality warehouses.

Residential & Mixed Use
Jersey City rental tower by Ironstate, KRE hits 80 percent leased milestone

Renters have leased more than 440 units in six months at a recently opened luxury apartment building in Jersey City, say co-developers Ironstate Development Co. and KRE Group.

Retail
New eateries coming to South Jersey mixed-use development by Atkins, Woodmont

A café and an Italian restaurant have committed to new locations in Gloucester County, the latest additions to a sprawling mixed-use development by Atkins Cos. and Woodmont Properties.

Finance & Capital Markets
Kennedy inks $3 million loan for Bahamas developer

Kennedy Funding has closed a $3 million loan to the developer of a new residential community in the Bahamas, the Englewood Cliffs-based direct private lender announced Monday.

Finance & Capital Markets
Square Mile, Meridian tout $200 million refi for iconic Bell Works project

The owners of the landmark Bell Works complex in Holmdel have secured a $200 million loan to refinance the mixed-use, 1.4 million-square-foot property.

Industrial
Elberon inks new Elizabeth industrial deals totaling 140,000 sq. ft.

A building materials company has extended its 50,000-square-foot lease in Elizabeth, in the largest of five newly completed transactions by Elberon Development Group.

Residential & Mixed Use
Joint venture eyes January launch for 116-unit Rahway project

A development group is set to debut a new 116-unit luxury apartment building in Rahway, touting a location just minutes from the city’s NJ Transit rail station.