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
Russo delivers first phase of 1,250-unit rental project in Union

Russo Development has opened the doors to the first piece of what will be more than 1,200 luxury apartments adjacent to Kean University and the Union train station.

Finance & Capital Markets
G.S. Wilcox sources $67 million in new loans for industrial, retail properties

G.S. Wilcox & Co. has arranged nearly $67 million in financing under a series of recent transactions, including several tied to New Jersey industrial buildings.

Office
Pharma firm inks renewal for North American HQ in Parsippany, Avison Young says

A pharmaceutical manufacturer has recommitted to its North American headquarters in Parsippany, in a newly announced transaction by Avison Young.

Professional Services
NAI Hanson’s Troiano to be honored as a top woman entrepreneur, corporate leader

A longtime broker at NAI James E. Hanson has earned a prestigious honor from a networking organization that recognizes top achievements by women in business.

Residential & Mixed Use
Penthouse at Asbury Park condo tower fetches $5 million

A penthouse at a new Asbury Park condominium tower has sold for $5 million, in a sign of strength for the ongoing revitalization of the city’s iconic waterfront.

Industrial
Stro acquires 120,000 sq. ft. warehouse, its latest in Bergen County

The Stro Cos. has continued its string of acquisitions this year, announcing the addition of a 120,000-square-foot industrial building in Wyckoff.

Office
CBRE inks sale of eight-acre redevelopment site in Morris County

A developer has acquired a vacant former supermarket property in Morris County, where it’s now planning a multiservice medical office center.

Industrial
Diversified hails start of Montville self-storage project

A joint venture has broken ground on a three-story, 98,000-square-foot facility that will bring more than 800 self-storage units to Montville.

Office
Hamilton office complex sells for $85 million, CBRE says

A well-known office complex at the Hamilton train station has changed hands for nearly $85 million, in a newly announced transaction by CBRE.

Industrial
Investor completes sale-leaseback at 100,000 sq. ft. Fairfield property

An investment firm has acquired a 100,000-square-foot industrial building in Fairfield as part of a sale-leaseback agreement with a manufacturer at the property.