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
Kislak inks $6.3 million sale of Paterson rental portfolio

A private investor has sold a three-building, 37-unit apartment portfolio in Paterson for nearly $6.3 million, according to brokers with The Kislak Co. Inc.

Industrial
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Deals
NAI Hanson touts Bergen County flex, office leases totaling 6,750 sq. ft.

A window installer is leasing 2,500 square feet of flex space in Hackensack, in one of several newly announced deals by NAI James E. Hanson.

Residential & Mixed Use
Blau & Berg tapped to market retail space at East Orange apartment building

The developer of a 180-unit apartment building in East Orange has tapped The Blau & Berg Co. to market the property’s ground-floor commercial space.

Government & Public Policy
Short stepping down as NJBA chief executive

Carol Ann Short, the CEO of the New Jersey Builders Association, is stepping down after three decades with the influential trade organization.

Professional Services
Walsh to perform renovation, lighting integration at Clifton school

A religious school in Clifton has tapped the Walsh Company to install a new specialty lighting system and oversee renovations and improvements at the facility.

Finance & Capital Markets
JLL: Buyer wanted for 1,250-space parking garage in northern Hoboken

A busy 1,250-space parking structure in Hoboken has hit the market for sale, with the potential to command a price of around $40 million.

Health Care & Education
Blau & Berg inks lease, small business loan for physical therapy client

The Blau & Berg Co. has secured a new 5,800-square-foot space in Morristown on behalf of a physical therapy company, while also helping the operator source a small business loan.

Office
Law firm expands, takes 1,700 sq. ft. in Cherry Hill

A growing law firm has leased 1,700 square feet at a Cherry Hill office building, under a newly completed transaction by Rose Commercial Real Estate.

Residential & Mixed Use
JLL completes sale of 216-unit AvalonBay complex Tinton Falls

AvalonBay Communities Inc. has sold a 216-unit apartment complex in Monmouth County, brokers with JLL announced Tuesday after marketing the property.