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
Valley National to acquire Oritani for $740 million

Valley National Bancorp has moved to expand its foothold in Bergen and Hudson counties, agreeing to acquire Oritani Financial Corp. for an estimated $740 million.

Retail
C&W: Gym concept inks 15,000 sq. ft. lease in Morris County

A global fitness franchise has inked plans to open a new 15,000-square-foot location in Riverdale, where it is backfilling the anchor space at a Route 23 shopping center.

Industrial
Clothing wholesaler takes 26,000 sq. ft. in Moonachie, NAI Hanson says

A clothing wholesaler is relocating within Bergen County to a new warehouse and distribution center, under a newly completed lease by NAI James E. Hanson.

Industrial
Crow Holdings launches 925,000 sq. ft. warehouse project, its first in New Jersey

Crow Holdings Industrial has broken ground on a 925,000-square-foot warehouse project in Franklin Township, its first New Jersey project after entering the market last year.

Residential & Mixed Use
Claremont, turning its focus to development, will merge construction business with Buffalo firm

Claremont Cos., a Far Hills-based developer and general contractor, is handing off its construction business to a new partner in order to focus on its own fast-growing pipeline.

Government & Public Policy
L+M, Prudential land financing to preserve and upgrade Newark housing complex

L+M Development Partners and Prudential Financial have secured financing to preserve and renovate a government-subsidized housing complex in Newark’s South Ward.

Residential & Mixed Use
Harrison: Advance, DeBartolo hail leasing milestone at 280-unit project

A joint venture has leased 50 percent of the apartments at its recently delivered, 280-unit luxury residential building along the Harrison waterfront.

Industrial
BRC inks sale of four-acre development parcel in Carteret

A four-acre industrial development site in Carteret has changed hands, under a newly announced transaction by Bussel Realty Corp.

Retail
Triple Five, Coca-Cola ink sweeping partnership for American Dream

An iconic American brand will have a major presence at the massive American Dream complex in East Rutherford, under a new partnership unveiled by the project’s developer.

Government & Public Policy
Murphy reiterates plan to veto incentives extension, hopes for ‘common ground’

Gov. Phil Murphy doubled down on his pledge to veto a bill to extend New Jersey’s embattled tax incentive programs, while still offering hope for a compromise with state lawmakers.