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.

Professional Services
Marchetto wins prestigious ‘firm of the year’ honor from AIA-NJ

Marchetto Higgins Stieve Architects has earned a prestigious honor from a top industry association, thanks in part to its major expansion amid the state’s ongoing apartment boom.

Finance & Capital Markets
Procida inks $39 million construction loan for 200-unit Middlesex project

A developer has landed $39 million in construction financing for a new 200-unit apartment complex in Middlesex County, under a newly closed transaction by Procida Funding.

Residential & Mixed Use
M&T closes $100 million loan for Hartz, Maxal rental project in Weehawken

A joint venture has secured $100 million in financing for a newly delivered, 236-unit apartment building along the Hudson waterfront, in a newly announced transaction by M&T Bank.

Residential & Mixed Use
Apartments at historic Newark tower more than half leased, developers say

Renters have flocked to one of Newark’s latest and most distinctive apartment buildings, having leased more than 50 percent of the units at a converted historic office tower on Broad Street.

Office
NKF: New tenants combine for 51,000 sq. ft. at Edison office building

Two tenants have leased a combined 51,000 square feet at a recently upgraded office building in Edison, under a set of transactions announced by Newmark Knight Frank.

People
Sanzari announces promotion to commercial property manager

Alfred Sanzari Enterprises has promoted a member of its property management team, expanding her role in overseeing its 2 million-square-foot commercial holdings.

Office
Onyx unveils renderings, teases redesign of Gateway overhaul in Newark

Onyx Equities is taking the wraps off its long-awaited plans for the Gateway office complex in Newark, with a design that calls for new public spaces, retail and dining options that will transform its busy commuter concourse and the surrounding streets.

Industrial
C&W: Forsgate, Goodwill ink 126,000 sq. ft. lease at new South Hackensack warehouse

A regional Goodwill organization has signed a full-building, 125,500-square-foot lease at a South Hackensack industrial property, where it now plans to open a new outlet location.

Professional Services
Greenbaum Rowe bolsters environmental group, names new partner

Greenbaum, Rowe, Smith & Davis LLP has named a new partner in its environmental department as part of several new additions to the practice.

Deals
Telecom firm takes 3,000 sq. ft. at upgraded Parsippany building, NAI Hanson says

A high-tech telecommunications firm has leased more than 3,000 square feet at a newly revamped office building in Parsippany, brokers with NAI James E. Hanson announced.