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.

Government & Public Policy
Newark Land Bank breaks ground on first residential project under pioneering program

A developer has broken ground on a new home in Newark as part of the city’s pioneering land bank program that leverages blighted properties to help expand housing opportunities.

Residential & Mixed Use
Buyer wanted for Madison apartment complex, Berkadia says

The longtime owner of a 34-unit apartment complex in Madison is looking to sell the property, where brokers are touting an opportunity to add value through ongoing renovations.

Health Care
Investors trade Swedesboro medical office building for $2.5 million, Marcus says

A private investor has sold a more than 10,000-square-foot medical office building in Swedesboro for $2.5 million, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
Vango breaks ground on 86-unit luxury rental project in East Rutherford

Vango Development is set to expand its footprint in Bergen County after breaking ground on a new 86-unit luxury apartment building in East Rutherford, the firm announced Monday.

Finance & Capital Markets
STRO refis 115,000 sq. ft. Wyckoff industrial building for $14.5 million, JLL says

The STRO Cos. has closed on a $14.5 million loan to refinance more than 115,000 square feet of industrial space in Wyckoff, brokers with JLL announced Monday.

Office
CBRE: LeFrak, insurance firm ink 34,000 sq. ft. deal to lead new office leases at Newport

An insurance firm has taken nearly 34,000 square feet of office space in Jersey City’s Newport district, in the largest of five newly announced leases in the area by brokers with CBRE.

Retail
JRM completes buildout of high-end TimeVallée watch boutique at American Dream (SLIDESHOW)

Luxury watch retailer TimeVallée has opened a new store at American Dream in East Rutherford, its first North American location, after a buildout by JRM Construction Management.

Retail
Bojangles opens on Piscataway’s Stelton Road after Goldstein Group transaction

Restaurant chain Bojangles has opened along a major commercial corridor in Piscataway as part of a previously announced deal brokered by The Goldstein Group.

Residential & Mixed Use
Black Bear, Bettina join Echevarria for $125 million development venture in Hudson County

Investors have acquired three multifamily development sites in Hudson County as part of a new venture that plans to spend up to $125 million on new apartment projects in the region.

Events
Ten finalists vying for NAIOP N.J. Deal of the Year honors, as chapter hits 90 percent sold mark for must-attend gala

Nearly a dozen transactions and projects will take center stage next week as contenders for NAIOP New Jersey’s Deal of the Year awards, as the organization prepares for what’s poised to be another sellout for its annual Commercial Real Estate Awards Gala.