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.

CBRE: Peloton opens 156,000 sq. ft. warehouse, fulfillment center in Carteret

At-home fitness company Peloton Interactive has opened a new warehouse and fulfillment center in Carteret, where it has leased 156,000 square feet as part of a deal arranged by CBRE.

Hudson County condo project lands $44 million in financing

A private lending platform has closed on a $44 million construction loan to the developer of a 55-unit condominium project in Union City.

Moving company takes 12,000 sq. ft. at sprawling Newark industrial complex

A commercial moving company is taking nearly 12,000 square feet at a newly renovated industrial complex in Newark, in a recent transaction by NAI James E. Hanson.

Sanzari moves to modernize flagship Glenpointe complex with new tenant services, amenities

Alfred Sanzari Enterprises and Better Spaces recently debuted The Pointe, a new space that will serve as a focal point for programming the amenities at the Glenpointe complex in Teaneck. The new services include free yoga classes for tenants, along with ping pong tournaments, meditation sessions and other offerings. — Courtesy: Alfred Sanzari Enterprises

East Orange apartment building fetches $11.6 million, Gebroe-Hammer says

A private investor has acquired a 76-unit apartment building in East Orange for nearly $12 million, under a newly announced transaction by Gebroe-Hammer Associates.

Kislak closes Jersey Shore investment sales totaling $8.5 million

An investor has acquired a 32-unit garden apartment complex in Long Branch for more than $4 million, in the largest of three newly announced transactions by The Kislak Co. Inc.

Kennedy Funding inks $1 million loan for 22-acre project in Tulsa

Kennedy Funding has closed on more than $1 million in financing to help pave the way for a planned mixed-use development in Tulsa, Oklahoma.

L+M sees new office space as key complement to apartments, retailers at historic Newark tower

With renters flocking to Walker House’s 264 apartments and commitments from a host of retailers, L+M Development Partners is keenly focused on the third piece of its formula. The New York-based developer, alongside brokers with JLL, has stepped up efforts to market more than 50,000 square feet of available office space at the building, touting the promise of downtown Newark’s resurgence and a workplace that is like few others in New Jersey. 

JLL: Buyer wanted for newly built apartment, retail complex in Metuchen

A newly built apartment and retail complex in Metuchen is on the market for sale, providing an investment opportunity in the borough’s revitalized downtown and transit district.

Northern New Jersey among top 10 markets for net-lease investment, CBRE says

Net-lease investment is on the rise in the U.S., with northern New Jersey remaining a key target for buyers of industrial property and other commercial asset classes.