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
Russo, Pulte complete deal for 136-unit townhome development site in Kearny

Russo Development has sold a parcel in Kearny with approvals in place for 136 luxury townhomes along the Passaic River, brokers with JLL announced Wednesday.

Professional Services
Studio 1200 promotes architects Burke, Gasbarro

Studio 1200 has elevated Kate Burke to senior associate and studio director and Marissa Gasbarro to associate, touting their roles in the design firm’s growing pipeline.

Finance & Capital Markets
JLL: Frassetto refis two-building, 143,000 sq. ft. industrial portfolio in Lincoln Park

The Frassetto Cos. has refinanced more than 143,000 square feet of industrial space in Lincoln Park, in a newly announced transaction by JLL.

Professional Services
Community Builders adds Army reservist Mattson as assistant construction manager

Construction firm Community Builders has bolstered its team with the addition of Rhett Mattson, a Morris County native and active U.S. Army reservist.

Residential & Mixed Use
Greystar named leasing team for Denholtz, LMC rental portfolio in North Carolina

Denholtz and Lansing Melbourne Group have picked Greystar as the leasing agent for a portfolio of more than 300 new luxury apartments outside Charlotte.

Residential & Mixed Use
CIS starts construction on 102-unit affordable housing property in Manalapan

Community Investment Strategies has broken ground on a project that will bring more than 100 income-restricted apartments to Manalapan, the firm announced Tuesday.

Finance & Capital Markets
Procida lands $140 million refi from Madison, Pearlmark for Cherry Hill residential project

Procida Funding & Advisors has secured a $140 million loan to complete and lease up Plaza Grande, a long-awaited age-restricted, 507-unit residential development in Cherry Hill.

Residential & Mixed Use
Journal Square building with 36 apartments, retail space listed for sale

The owner of a 36-unit apartment building in Jersey City’s surging Journal Square district has tapped CBRE to market the property for sale.

Industrial
Larken delivers fully leased, 50,000 sq. ft. industrial project in Flemington

Larken Associates has completed and leased up a new 50,000-square-foot, multitenant warehouse in Flemington, the developer announced Tuesday.

Retail
Institutional buyer adds Bucks County retail property in $12 million deal, CBRE says

An investment firm has acquired a 25,000-square-foot retail property about 15 miles west of New Jersey, in Pennsylvania’s Bucks County, under a deal arranged by CBRE.