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.

Office
Bergman, Time Equities unveil $2 million upgrade at Whippany office complex

A joint venture has taken the wraps off a series of upgrades at a two-building, 172,000-square-foot office complex in Morris County, including a sleek new central amenity space.

Government & Public Policy
Lennar to develop mixed-use town center at Fort Monmouth ‘gateway’ parcel, state says

State officials are detailing new plans for a town center development at the historic Fort Monmouth property, having agreed to sell a prominent 73-acre parcel to a Lennar Corp. affiliate.

Government & Public Policy
Investors Bank’s Cummings named board chair at Greater Trenton

Greater Trenton, the capital city’s nonprofit economic development arm, has tapped Investors Bank CEO and President Kevin Cummings as its new board chairman.

Residential & Mixed Use
Development, project team eye groundbreaking for 170 apartments in Jersey City

A design and engineering team is highlighting its role in a two-building, 170-unit apartment project that is on the verge of breaking ground alongside a popular park in Jersey City.

Finance & Capital Markets
Jersey City: NYL inks $138 million loan for 45-story rental tower

A development team has landed financing for the second of two 45-story apartment towers in Jersey City, securing a $138 million loan from New York Life Real Estate Investors.

Retail
NAI Hanson closes sale of Wells Fargo lot in Hackensack

Wells Fargo has sold a quarter-acre lot near Hackensack’s rapidly growing downtown, in a newly completed transaction by NAI James E. Hanson.

Health Care & Education
Plan to acquire, relocate New Brunswick school in focus for $750 million cancer pavilion project

The developer of a proposed $750 million cancer center in New Brunswick is set to make its case to the city’s board of education, seeking to acquire a school property that it says is the ideal location for the sweeping health care facility.

Residential & Mixed Use
Developers hail fast start at 219-unit rental project in Rahway

A joint venture has opened the doors to a new 219-unit luxury apartment building in downtown Rahway, offering a new living option just blocks from the city’s train station.

Industrial
Bridgewater industrial portfolio fetches $17.5 million, Zimmel says

A partnership has sold a two-building, 204,000-square-foot industrial complex in Bridgewater for $17.5 million, in a newly announced transaction by Zimmel Associates.

Residential & Mixed Use
Kokes hires vice president, project manager for growing development team

Kokes Properties has expanded its development and construction team with the addition of two veteran industry executives.