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
Hudson County developer launches new firm, plans North Bergen condo project

A longtime Hudson County development executive has formed a new venture, with plans to break ground in the coming weeks on a 70-unit condominium project in North Bergen.

Industrial
BRC touts new industrial leases in Linden, Carteret

A dollar store distributor has leased 31,000 square feet of industrial space in Linden, in the largest of several newly announced transactions by Bussel Realty Corp.

Industrial
Investor sells 130,000 sq. ft. industrial portfolio in Pennsauken, Colliers says

A private investor has acquired a five-building, 130,435-square-foot industrial portfolio in Pennsauken, brokers with Colliers International announced Monday.

Industrial
Team Resources inks 10,000 sq. ft. warehouse leases in South Hackensack, Teterboro

A floral design company is expanding with a recent 10,000-square-foot industrial lease in South Hackensack, according to brokers with Team Resources Inc.

Government & Public Policy
As expected, Murphy vetoes bill to extend tax incentives

Gov. Phil Murphy has officially rejected a bill that sought to extend the state’s tax credit incentives, which lawmakers hoped would have provided time to find a long-term solution for the controversial programs before they expired earlier this summer.

Residential & Mixed Use
Jersey City: Ironstate, KRE unveil units at 46-story apartment tower (SLIDESHOW)

Ironstate Development Co. and Kushner Real Estate Group are offering the first look inside a new 549-unit luxury apartment building in Jersey City, where leasing is now underway.

Professional Services
Environmental attorney joins Cullen and Dykman

Cullen and Dykman LLP has added to its environmental practice in the region with the hiring of a veteran attorney in the field.

Retail
Habitat chapter inks 20,000 sq. ft. store location in Hamilton, Vantage RES says

A local Habitat for Humanity chapter has leased some 20,000 square feet for a new facility in Hamilton, under a newly announced transaction by Vantage Real Estate Services.

Residential & Mixed Use
Edgewood opens 209-unit Freehold project, unveils veterans housing initiative

Edgewood Properties has opened the doors to a new luxury apartment complex in Freehold, where it has launched a leasing program that gives priority to current and former military personnel.

Finance & Capital Markets
JLL sources $11 million loan for Totowa data center

Russo Development has secured $11 million in financing for a single-tenant data center in Totowa, in a newly completed transaction by JLL.