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.

Health Care
HELIX taps Portal Innovations to manage incubator at transformative New Brunswick project

The landmark Health & Life Science Exchange of New Jersey campus in New Brunswick has found a key partner for the project’s incubator space, announcing a pact with Portal Innovations to spearhead a facility for startups and entrepreneurs from nearby universities.

Retail
Heidenberg-led JV acquires grocery-anchored center at Paramus Park Mall for $38 million

An investment group has acquired a more than 181,000-square-foot retail asset alongside the Paramus Park Mall and near the crossroads of Route 17 and the Garden State Parkway.

Residential & Mixed Use
JLL: Russo, KRE close on Bergen Town Center parcel for 426-unit apartment project

Urban Edge Properties has completed its sale of a parcel at Bergen Town Center in Paramus, paving the way for a new 426-unit multifamily project by Russo Development and KRE Group.

Retail
Office space at The Park nearly full, as Connell taps leasing agent for campus’ retail space

The Connell Co. has named a leasing team for the growing retail component at The Park, its flagship campus in Berkeley Heights, having all but leased up the property’s 1.5 million square feet of office space.

Residential & Mixed Use
Cannon Hill, Hampshire tap Sparrow as property manager at Hackensack rental building

Cannon Hill Capital Partners and The Hampshire Cos. have picked Sparrow Management as the new property manager at an 82-unit luxury apartment building in Hackensack.

Retail
Goldstein Group: Strand Salon Studios takes 4,200 sq. ft. at Hoboken’s Hudson Tea building

A salon studio chain has expanded to Hoboken with a newly completed lease for more than 4,200 square feet, brokers with The Goldstein Group announced Monday.

Food & Beverage
Private buyer acquires West Caldwell’s Brook Tap House, KenKap says

A restaurant property in West Caldwell has changed hands for an undisclosed price, in a newly announced transaction by KenKap Realty Corp.

Residential & Mixed Use
‘The Journal’ takes center stage at Jersey City Summit as Kushner team discusses landmark 1,723-unit project

The team behind one of New Jersey’s largest-ever residential projects took the stage at the Jersey City Summit to discuss the project’s pending completion, its impact on the resurgent Journal Square neighborhood and what’s still to come for the surrounding blocks.

People
Pizzolato joins CBRE debt, structured finance team as senior vice president

CBRE has bolstered its debt and structured finance team in New Jersey with the addition of broker Matthew Pizzolato as a senior vice president.

Finance & Capital Markets
Capodagli secures $80 million bridge loan from Greystone for 325-unit Roselle Park project

Greystone has provided an $80 million bridge loan to Capodagli Property Co. for the developer to refinance a 325-unit apartment building in Roselle Park.