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
Lions Group eyes 360-unit Journal Square rental tower with $90 million Aspire award

A developer is set to break ground on a 34-story, 360-unit apartment tower in Jersey City after securing a nearly $90 million tax credit award under the state’s Aspire program.

Residential & Mixed Use
Romema Capital sells new 104-unit Plainfield rental property, Hudson Atlantic says

The builder of a new 104-unit luxury apartment building in Plainfield has sold the property for $39 million, in a newly announced deal by Hudson Atlantic Realty.

Residential & Mixed Use
JLL tapped to arrange sale of 126-bed Rutgers student housing portfolio in New Brunswick

The owner of a two-building, 126-bed student housing portfolio near Rutgers University in New Brunswick has hired JLL to market the properties for sale.

Residential & Mixed Use
NAIDB: Portfolio with 10 apartments, commercial space trades in Raritan Borough

A private investor has acquired a combined 10 apartments and four commercial spaces in Raritan Borough as part of a two-building portfolio sale arranged by NAI DiLeo-Bram & Co.

Industrial
Doren Development, towing firm ink new lease for Irvington industrial outdoor storage site

Doren Development has secured a tenant for two acres of newly vacant industrial outdoor storage property in Irvington, the firm announced last week.

Office
Personal injury firm takes 2,400 sq. ft. in Cherry Hill, WCRE says

A law firm has found a new office in South Jersey after leasing 2,400 square feet in Cherry Hill, according to a brokerage team with Wolf Commercial Real Estate.

Industrial
Stonemont adds to New Jersey holdings with 67,000 sq. ft. industrial service facility in Logan

Stonemont Financial Group has acquired a 67,000-square-foot industrial service facility in Logan Township, expanding its holdings in the Northeast and in a growing asset class.

Industrial
Packaging startup takes 210,000 sq. ft. at new Greek, Principal warehouse in Pennsylvania

Greek Real Estate Partners and Principal Asset Management have filled a new industrial facility in Pennsylvania, leasing more than 210,000 square feet to a robotics-driven packaging firm.

Professional Services
Hanrahan, longtime Clarke Caton Hintz architect, named AIA fellow

Clarke Caton Hintz Principal Michael J. Hanrahan has reached a new milestone in his 30-year design career, rising to the ranks of fellowship with the American Institute of Architects.

Finance & Capital Markets
PCCP provides $162 million construction loan for 345-unit Hoboken Urby project

Commercial real estate finance firm PCCP has closed a $162 million senior construction loan in connection with the planned 16-story, 345-unit Urby apartment building in Hoboken.