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.

Top News
Judge dismisses state racketeering charges against Norcross, allies in case tied to redevelopment of Camden waterfront

A judge has dismissed the state’s racketeering case against political power broker George Norcross and other key figures in South Jersey, one that stemmed largely from a series of land deals and well-known development projects along Camden’s waterfront.

Industrial
BRC: Diesel engine provider buys 55,000 sq. ft. Somerset facility for $14 million

A company that sells diesel engines and power generation products has acquired a 55,000-square-foot industrial property in the Somerset section of Franklin.

Retail
Levin joins ‘Signs of Hope’ initiative to promote mental health, suicide prevention resources

Levin Management Corp. has joined the Signs of Hope initiative, a national campaign to help promote the resources available to those in suicidal crisis or emotional distress.

Finance & Capital Markets
JLL: Developer lands $81 million financing package for new Jersey City rental properties

Alpine Residential has secured more than $81 million in financing for two of its newly delivered apartment buildings in Jersey City, brokers with JLL announced Tuesday.

Top News
Larken Associates eyes continued growth after 60 years of residential, commercial building

Larken Associates is marking its 60th anniversary in business, touting its evolution from a single-family homebuilder to a developer of multifamily and commercial properties with a growing portfolio in New Jersey and Pennsylvania.

Residential & Mixed Use
New 16-unit rental building in Paterson trades for $4.3 million, Kislak says

An investor has acquired a new 16-unit luxury apartment building in Paterson for $4.25 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Hudson Atlantic brokers sale of 18-unit rental complex in Englishtown for $4.2 million

A private buyer has closed on an 18-unit apartment complex in Monmouth County for $4.2 million, according to brokers with Hudson Atlantic.

Residential & Mixed Use
Alpine, Fields Grade hit leasing milestone at new 87-unit Jersey City rental property

Alpine Residential and Fields Grade have leased more than 50 percent of a new 87-unit luxury rental building in Jersey City, their latest offering in the growing Bergen-Lafayette section.

Office
JLL: Signature acquires 100,000 sq. ft. office building, adding third piece of Parsippany campus

Signature Acquisitions has acquired its third building in a well-known office campus in Parsippany, adding more than 100,000 square feet under a sale arranged by JLL.

Industrial
Fairfield industrial building now full after 64,000 sq. ft. in leasing activity, C&W says

The owner of a Fairfield industrial building has secured five new leases and one renewal totaling more than 64,000 square feet, in a series of deals arranged by Cushman & Wakefield.