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
East Orange planning board OKs 115-unit rental project in growing arts, transit district

A developer has secured a key entitlement for a plan to build 115 apartments in a fast-growing section of East Orange, according to a team with Taylor Architecture & Design.

Office
Surgery center buys 107,000 sq. ft. Somerset office building, Vantage Commercial says

A health care user has acquired a nearly 107,000-square-foot office building in the Somerset section of Franklin, in a newly announced deal by Vantage Commercial.

Top News
Iron Culture opens third New Jersey gym inside revitalized West Orange bowling alley

A new Iron Culture gym has opened in West Orange, expanding the brand’s footprint in New Jersey and bringing fresh life to the site of a historic bowling alley.

Sponsored Content
Amazon, Uber Eats and Whole Foods walk into a lobby: From grandeur to groceries, the lobby has a new job description

From Journal Square to Paulus Hook, New Jersey’s Gold Coast is lined with stunning pre-war buildings that speak to a bygone era of craftsmanship, character and architectural grandeur. High ceilings, intricate moldings, brick facades and hand-laid parquet floors give these properties a timeless appeal, especially for developers and residents who value authenticity over uniformity. But restoring and reimagining these buildings for modern use — particularly in a way that makes them fully accessible — is one of the biggest challenges construction teams face today.

Finance & Capital Markets
Cronheim: NRDC lands $17.8 million loan for grocery-anchored center in Jersey City

The owner of a nearly 101,000-square-foot shopping center in Jersey City has closed on a $17.8 million loan for the property, brokers with Cronheim Mortgage announced Friday.

Deals
Investment group buys former Asbury Park YMCA building for $3 million, Barone says

Private investors have acquired a roughly 38,000-square-foot building in downtown Asbury Park for $2.95 million, in a newly announced deal by Barone Commercial Resources LLC.

Office
Signature acquires fully leased 204,000 sq. ft. office building in Parsippany

Signature Acquisitions has expanded its holdings in Parsippany with the purchase of a nearly 204,000-square-foot office building, brokers with JLL announced Thursday.

Residential & Mixed Use
Developer launches sales at sweeping Southend Lofts project in Hoboken (SLIDESHOW)

Sales are underway at Southend Lofts, the collection of 110 upscale condominiums that is taking shape at a historic industrial complex in Hoboken.

Retail
Planet Fitness expands in Monmouth with new 27,000 sq. ft. lease in Howell, LMC says

Planet Fitness has taken nearly 27,000 square feet for a new location along Route 9 in Howell, according to a leasing team with Levin Management Corp.

Office
Newmark Associates inks sale of 10,000 sq. ft. professional, medical office building in Boonton

A private investor has purchased a 10,000-square-foot professional and medical office building in Boonton, according to a brokerage team with Newmark Associates CRE.