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.

Finance & Capital Markets
Kennedy Funding inks $1.6 million loan for Virginia residential site

Kennedy Funding has closed on a $1.575 million loan for the owner of a residential development site in northern Virginia to refinance the property.

Office
RXR, Blackstone sell 363,000 sq. ft. office building near Princeton, JLL says

RXR Realty and The Blackstone Group have sold a two-building, 363,000-square-foot office portfolio in West Windsor, the home of BlackRock and other major tenants.

Finance & Capital Markets
C&W inks $57 million refi for Hamilton senior living complex

The owners of a 195-unit senior living facility in Hamilton have refinanced the property for more than $57 million, under a newly announced transaction by Cushman & Wakefield.

Government & Public Policy
EDA launches grant program to help towns, counties land Opportunity Zone investments

The state Economic Development Authority is offering $500,000 in grant funding to help municipalities and counties draw investors to federally designated Opportunity Zones.

Health Care & Education
Kimmerle touts design, expansion of Marlton assisted living facility

An operator of assisted living facilities is expanding a location in Burlington County as part of a newly announced project that is being designed and managed by the Kimmerle Group.

Photos
Condo tower hosts gallery event, showcases Jersey City mural program

A soaring luxury condominium tower under construction in Jersey City recently became a showcase for the city’s vibrant public art scene, hosting a one-night gallery event that drew local officials, artists and other stakeholders.

Residential & Mixed Use
Developers launch residential construction at mixed-use Elizabeth project

A developer has broken ground on the latest piece of a mixed-use project in Elizabeth, where it plans to build nearly 50 new homes at the former site of vacant brownfield property.

Industrial
Hamilton flex portfolio trades for $19.5 million, Colliers says

A two-building, 120,000-square-foot flex portfolio in Hamilton has changed hands for $19.5 million, under a transaction arranged by Colliers International.

Government & Public Policy
Pharma firms, delivery startup among latest targets in EDA tax credit review

The state Economic Development Authority is seeking information from another three companies that were awarded tax credits under its embattled incentive programs, amid ongoing scrutiny of the volume of awards and job pledged by the recipients.

Industrial
Team Resources inks 79,000 sq. ft. renewal by furniture rental business in Secaucus

A furniture rental business has renewed its 79,000-square-foot lease at a Secaucus industrial building, in one of three newly announced transactions by Team Resources Inc.