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
Phillipsburg retail property fetches $4.7 million, Marcus says

A partnership has sold a nearly 20,000-square-foot retail property in Phillipsburg, in a $4.72 million transaction arranged by Marcus & Millichap.

Office
Mack-Cali closes sale of 333,000 sq. ft. Parsippany office building, C&W says

A real estate investment firm has added to its New Jersey portfolio, acquiring a 333,000-square-foot office building in Parsippany from Mack-Cali Realty Corp.

Residential & Mixed Use
Marcus inks sale of Hoboken, Union City apartments

Two Hudson County apartment properties have changed hands for a combined $5.86 million, under a set of newly announced transactions by Marcus & Millichap.

Office
CBRE named leasing agent at 250,000 sq. ft. office building in Woodcliff Lake

The owner of a newly renovated, 250,000-square-foot office building in Woodcliff Lake has appointed CBRE as its leasing agent, the real estate services firm announced Monday.

Office
Hoboken: NKF wins leasing assignment at 120,000 sq. ft. office building

With upgrades underway at a 120,000-square-foot office building in Hoboken, the property’s owner has tapped Newmark Knight Frank as its new leasing agent.

Finance & Capital Markets
Progress inks $130 million mortgage for Manhattan cancer center project

The developers of a new Memorial Sloan Kettering facility in Manhattan have landed $130 million in financing, under a newly announced transaction by Progress Capital.

Cover Story
Next generation joins veteran leaders at G.S. Wilcox & Co., as firm marks 25 years in business

As it marks its 25th anniversary, G.S. Wilcox & Co. is celebrating not only record business, but the arrival of a new generation that is poised to lead the firm for decades to come.

Retail
CBRE: Retailers turning to in-store fulfillment, extra staffing amid holiday crush

This year’s shortened holiday shopping season has placed added pressure on retailers and their shipping partners, prompting new in-store solutions for delivery and returns and the need to hire additional seasonal workers for distribution and fulfillment.

Deals
Whippany motel fetches $4 million, Newmark says

A motel and restaurant property in Hanover has changed hands for just over $4 million, under a newly announced transaction by Newmark Associates.

Top News
LMC touts flurry of post-Labor Day leasing for discounters, restaurants

Off-price brands, dining and personal services have fueled retail leasing since Labor Day, Levin Management Corp. said, touting nearly 200,000 square feet of activity over the past 90 days.