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
South Amboy rental property sells for $43 million, Gebroe-Hammer says

An investor has paid more than $40 million to acquire a newly built, 125-unit rental development in Middlesex County, in a transaction arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
Marcus: Hudson County rental building fetches $14 million

A private owner has reaped $14 million from the sale of a 40-unit multifamily building in Hudson County, brokers with Marcus & Millichap announced Wednesday.

Government & Public Policy
Judge upholds injunction against Montclair rent control law, landlords say

A group of property owners in Montclair has scored another victory in court, as it looks ahead to a hearing that could determine the fate of a hotly debated rent control ordinance in the town.

Office
Marketing, communications agency renews at Bridgewater office building

A marketing and communications firm has renewed its lease at a Bridgewater office building, under a newly announced transaction by NAI James E. Hanson.

Government & Public Policy
Non-essential construction projects in New Jersey can resume Monday, Murphy says

New Jersey will allow non-essential construction to resume starting Monday morning, Gov. Phil Murphy said, while also permitting non-essential retail stores to reopen for curbside pickup.

Residential & Mixed Use
NJBA installs new officers, including Canuso as 67th president

A longtime homebuilding executive has taken the reins as president of the New Jersey Builders Association, with a mission that includes helping it navigate the ongoing public health crisis.

Finance & Capital Markets
JLL inks $30 million loan for Bergenfield rental complex

The owner of a 237-unit garden apartment complex in Bergen County has secured $30 million in financing, brokers with JLL announced Tuesday.

Industrial
New 300,000 sq. ft. industrial building coming to Florence, brokers say

More than 300,000 square feet of new industrial space is coming to Burlington County, following a sale arranged by brokers with Lee & Associates of Eastern Pennsylvania.

Industrial
Garment supplier takes 23,000 sq. ft. in Hackensack, NAI Hanson says

A supplier of women’s garments has leased more than 20,000 square feet at a Hackensack industrial building, under a newly announced transaction by NAI James E. Hanson.

Deals
Congregation sells Bergen County building, eyes new home under recent merger

A congregation has sold its 22,000-square-foot home in Bergen County, as it integrates with another faith-based organization at a new location in a neighboring town.