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.

Retail
Grocery-anchored retail center in Boonton sells for $12.5 million

A private buyer has acquired a nearly 52,000-square-foot retail center in Boonton, in a $12.5 million transaction by Cushman & Wakefield.

Retail
Middlesex County retail center fetches $2.2 million, Marcus says

A private investor has reaped more than $2 million from the sale of a 10,100-square-foot retail center in Cranbury, brokers with Marcus & Millichap announced Monday.

Retail
Aldi leases 21,000 sq. ft. in South Brunswick, Goldstein Group says

Aldi is adding to its growing stable of supermarkets in New Jersey, leasing more than 21,000 square feet at a South Brunswick shopping center.

Top News
Kislak Family Foundation donates $50,000 to New Jersey pandemic relief

The Kislak Family Foundation has earmarked $50,000 that will go toward supporting the New Jersey Pandemic Relief Fund.

Finance & Capital Markets
Progress Capital inks $50 million construction loan for charter school project

An investment group has secured a $50 million loan to convert a historic Bronx warehouse to a new charter school, under a newly announced transaction by Progress Capital.

Retail
Commercial driving school taps R.J. Brunnelli, eyes new locations in New Jersey

A commercial driving school has picked R.J. Brunelli & Co. to oversee its expansion in New Jersey, the retail brokerage firm announced Monday.

Residential & Mixed Use
Bijou, Intercontinental tout new leasing milestone at Hoboken rental building

Renters have leased more than two-thirds of a new 424-unit apartment building in Hoboken, as interest continues despite the ongoing coronavirus crisis.

Residential & Mixed Use
Amato, a second-generation homebuilder, faces new tests as Shore Builders Association leader

Homebuilder Chris Amato is navigating challenges to the industry as both the head of his family-owned firm and as the new president of the Shore Builders Association of Central New Jersey.

Government & Public Policy
Murphy announces $100 million rental assistance program

The state will provide at least $100 million in assistance to low- and moderate-income renters impacted by the COVID-19 crisis, under a program announced Friday by Gov. Phil Murphy.

Office
Design firm: Many office workers eager to return, but concerned about getting sick

A new survey has found that many workers are looking forward to going back to the office, but remain concerned about getting sick and not having enough personal space.