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
Mack-Cali closes sale of 333,000 sq. ft. Parsippany office building, C&W says

A real estate investment firm has added to its New Jersey portfolio, acquiring a 333,000-square-foot office building in Parsippany from Mack-Cali Realty Corp.

Residential & Mixed Use
Marcus inks sale of Hoboken, Union City apartments

Two Hudson County apartment properties have changed hands for a combined $5.86 million, under a set of newly announced transactions by Marcus & Millichap.

Office
CBRE named leasing agent at 250,000 sq. ft. office building in Woodcliff Lake

The owner of a newly renovated, 250,000-square-foot office building in Woodcliff Lake has appointed CBRE as its leasing agent, the real estate services firm announced Monday.

Office
Hoboken: NKF wins leasing assignment at 120,000 sq. ft. office building

With upgrades underway at a 120,000-square-foot office building in Hoboken, the property’s owner has tapped Newmark Knight Frank as its new leasing agent.

Finance & Capital Markets
Progress inks $130 million mortgage for Manhattan cancer center project

The developers of a new Memorial Sloan Kettering facility in Manhattan have landed $130 million in financing, under a newly announced transaction by Progress Capital.

Cover Story
Next generation joins veteran leaders at G.S. Wilcox & Co., as firm marks 25 years in business

As it marks its 25th anniversary, G.S. Wilcox & Co. is celebrating not only record business, but the arrival of a new generation that is poised to lead the firm for decades to come.

Retail
CBRE: Retailers turning to in-store fulfillment, extra staffing amid holiday crush

This year’s shortened holiday shopping season has placed added pressure on retailers and their shipping partners, prompting new in-store solutions for delivery and returns and the need to hire additional seasonal workers for distribution and fulfillment.

Deals
Whippany motel fetches $4 million, Newmark says

A motel and restaurant property in Hanover has changed hands for just over $4 million, under a newly announced transaction by Newmark Associates.

Top News
LMC touts flurry of post-Labor Day leasing for discounters, restaurants

Off-price brands, dining and personal services have fueled retail leasing since Labor Day, Levin Management Corp. said, touting nearly 200,000 square feet of activity over the past 90 days.

Professional Services
McLaren COO honored as woman of influence by YWCA

The YWCA’s Northern New Jersey chapter has recognized a top executive at McLaren Engineering Group, citing her success in her field and contributions to her community.