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
Jay Lombardo of CJ Lombardo Co. begins tenure as NJAA board president (SLIDESHOW)

The New Jersey Apartment Association has welcomed Jay Lombardo of CJ Lombardo Co. as its board president for the next two years.

Office
FanDuel unveils new 12,000 sq. ft. office in Jersey City’s Newport section

FanDuel has opened the doors to its new office in Jersey City, where it occupies 12,000 square feet in a location that’s home to some 400 employees.

Retail
Well-known retail brokers Joe, Patti AmecAngelo join RIPCO alongside Fiore

RIPCO Real Estate has strengthened its New Jersey team with the hiring of longtime retail brokers Joe AmecAngelo and Patti AmecAngelo as executive vice presidents.

Finance & Capital Markets
Fingerman joins Peapack-Gladstone as senior managing director, commercial real estate head

Joseph E. Fingerman has joined Peapack-Gladstone Financial Corp. as senior managing director and president of commercial real estate, the lender announced Monday.

Residential & Mixed Use
New Jersey investor buys Maryland rental property for $16 million, Kislak says

A private investor from New Jersey has acquired a newly built 60-unit apartment complex in Maryland for $15.8 million, brokers with The Kislak Co. Inc. announced Monday.

Health Care
Medical practice expanding after acquiring Roseland building, Newmark Associates says

A health care practice has acquired a nearly 2,200-square-foot medical office building in Roseland, brokers with Newmark Associates Commercial Real Estate announced.

Residential & Mixed Use
CBRE: Buyer wanted for 14-property, 3,700-unit rental portfolio in New Jersey, Pennsylvania

The longtime owner of nearly 3,700 garden apartments across New Jersey and Pennsylvania is seeking a buyer for the portfolio, according to listing brokers with CBRE.

Office
Kushner, KABR debut 135,000 sq. ft. office, retail space at historic Jersey City building

Kushner and KABR Group have unveiled a project that has brought 135,000 square feet of new commercial and retail space to downtown Jersey City, all while restoring and revitalizing a 112-year-old warehouse built by the Great Atlantic and Pacific Tea Co.

Industrial
IPRG: Longpoint buys 33,000 sq. ft. Hillside warehouse from longtime owner-occupier

Longpoint Realty Partners has acquired more than 32,000 square feet of warehouse space just south of Interstate 78 in Hillside, in a transaction arranged by IPRG.

Industrial
Velocity revives Gloucester County small-bay park with key upgrades, 85,000 sq. ft. in leasing

Velocity Venture Partners LLC has brought a Gloucester County industrial park to full occupancy after a multimillion-dollar renovation and some 85,000 square feet of leasing activity.