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.

Finance & Capital Markets
Cronheim: Buyer scores $28 million loan for 120-unit rental property near Hackettstown

The new owner of a 120-unit luxury apartment complex in Warren County has secured nearly $28 million in acquisition financing, in a deal arranged by Cronheim Mortgage.

Industrial
PNK Group adds another South Jersey development site, eyeing 270,000 sq. ft. warehouse

Industrial developer PNK Group has acquired more than 53 acres in Camden County, with plans to build some 270,000 square feet of logistics space as part of its growing footprint in the state.

Residential & Mixed Use
Ocean County mobile home park trades for $2.3 million, Kislak says

An investor has acquired a mobile home community in the Ocean County township of Manchester for $2.3 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Cervelli lists 20-unit apartment building in West New York

A four-story, 20-unit apartment building in West New York is on the market for sale, in a newly announced offering by Cervelli Real Estate and Property Management.

Retail
Planned Parenthood of Metropolitan New Jersey takes 6,000 sq. ft. in Passaic retail deal

A new Planned Parenthood is opening in Passaic as part of a 6,000-square-foot lease at a sprawling commercial property, according to a brokerage team with CBRE.

Residential & Mixed Use
First phase of long-awaited ‘Power Station’ project breaks ground in Allenhurst

A developer has broken ground in the Monmouth County borough of Allenhurst, where it plans to bring new housing and commercial space to the site of a vacant JCP&L facility downtown.

Residential & Mixed Use
Hartz set to welcome first residents to final Lincoln Harbor residential building

Hartz Mountain Industries is opening the doors to a collection of 218 upscale apartments and amenity spaces that make up the final piece of its iconic Lincoln Harbor district in Weehawken.

Featured
QCRE: Newark warehouse sells for $1.2 million, with buyer set to move from Brooklyn

An industrial user is relocating to Newark after acquiring an 8,400-square-foot warehouse in the city, according to a brokerage team with The Quinas Companies Inc.

Residential & Mixed Use
Larken wins nine awards, including eight for Readington project, in Metro BCA event

Larken Associates has won high praise from the Metropolitan Builders and Contractors Association of New Jersey, earning nine awards from organization for a new luxury apartment complex in Readington and for its ongoing philanthropy.

Technology
SJP breaks ground on 370,000 sq. ft. research, office building for Nokia Bell Labs at New Brunswick’s HELIX campus

SJP Properties has started construction on the 10-story, 370,000-square-foot research and office tower in downtown New Brunswick that will house Nokia Bell Labs and mark the second phase of the master-planned Health + Life Science Exchange district.