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
Hampshire, Claremont sell Jersey City rental properties with 362 units for $121 million

The Hampshire Cos. and Claremont Development have sold a two-building, 362-unit apartment portfolio in Jersey City for $121 million, in a deal arranged by Cushman & Wakefield.

Featured
LCOR closes on $155 million construction loan for 386-unit Hoboken rental tower, JLL says

LCOR has landed a $155 million construction loan for its planned 386-unit apartment tower just west of Hoboken Terminal, according to a debt placement team with JLL.

Residential & Mixed Use
Ingerman sells 170-unit Aberdeen rental complex in $57 million deal with Beachwold

Ingerman Group has sold a seven-year-old, 170-unit apartment and townhome property in Aberdeen for $57 million, brokers with JLL announced Monday.

Office
Bergman touts 110,000 sq. ft. in leases at 7 Giralda, bringing property to 97 percent occupancy

Bergman Real Estate Group has all but filled a 236,000-square-foot office building in Madison, thanks largely to a multimillion-dollar upgrade that sparked a host of lease deals.

Industrial
Castle & Brothers Logistics leases 14,000 sq. ft. at Elizabeth industrial building, BRC says

A freight carrier has taken 14,000 square feet of small-bay industrial space in Elizabeth, brokers with Bussel Realty Corp. announced Monday.

Deals
Hunterdon County retail, office building trades for $1.3 million, Kislak says

A private investor has added a 16,000-square-foot retail and office building in Hunterdon County, in a newly announced deal by Kislak Commercial Real Estate Services Inc.

Guest Columns
A new approach to housing policy where everyone wins

As New Jersey’s gubernatorial race heats up, housing remains a critical issue. Everyone agrees that we need more market-rate and affordable housing to meet demand, and there is also a consensus that housing prices in New Jersey are too high. But what can the government do differently to address these issues? Policymakers and our next governor need to acknowledge that current government policies are exacerbating these problems, not solving them.

Retail
Marcus: Value-add investor buys 43,000 sq. ft. Hamilton retail center for $8.3 million

A private investor has purchased a nearly 43,000-square-foot retail property in Hamilton for more than $8.3 million, in a newly announced deal by Marcus & Millichap.

Food & Beverage
Pierson Commercial named agent for restaurant, liquor license in downtown South Orange

The owner of a restaurant and liquor license in downtown South Orange has tapped Pierson Commercial to market the property for sale or lease.

Office
Furniture X-Change taps Theo Silverberg as president, seeks continued expansion

The Furniture X-Change, a provider of sustainable office furniture solutions, has appointed longtime team member Theo Silverberg as its new president.