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.

Residential & Mixed Use
Woodmont, city officials open 220-unit rental project in Bayonne

Woodmont Properties has opened the doors to a new luxury apartment complex in Bayonne, its latest residential property and one of many redevelopment projects underway in the city.

Residential & Mixed Use
Prism, Northwestern Mutual close on site of 232-unit project in Woodbridge

A development team has closed on its purchase of a five-acre site in Woodbridge, where it now plans to build a mixed-use project anchored by more than 230 luxury apartments.

Office
Marcus inks $5.75 million sale of West Orange office building

A private investor has sold a nearly 35,000-square-foot office building in West Orange, under a newly announced sale by Marcus & Millichap.

Residential & Mixed Use
‘Welcome to Harrison’: BNE, Hornrock unveil town’s newest luxury rental property

A joint venture has marked the opening of a new 257-unit residential building in Harrison, where renters have already leased nearly a third of the available apartments.

Industrial
Developer acquires Mercer County site, plans 350,000 sq. ft. industrial project

An investment group has acquired a 31-acre site in Mercer County that was once slated for a new hospital, but is now on track to become a 350,000-square-foot industrial development.

Residential & Mixed Use
Developer, HMFA unveil 184-unit apartment complex in North Brunswick

Community Investment Strategies has completed its rehabilitation of a North Brunswick apartment complex, delivering 184 new units that will serve as affordable housing.

Office
Brooklyn investor acquires Cherry Hill office park for $17.4 million, JLL says

A joint venture has sold a three-building office complex in Cherry Hill, under a $17.4 million transaction arranged by JLL.

Finance & Capital Markets
Somerville: HFF inks $13.25 million refi for 69-unit rental complex

The developer of a new 69-unit high-end apartment building in Somerville has refinanced the property for $13.25 million, brokers with HFF announced Wednesday.

Retail
New-look shopping center in Toms River hits full occupancy

A real estate investment firm has brought a Toms River shopping center to full occupancy, touting the milestone about a year after acquiring the 138,000-square-foot property.

Professional Services
Walsh joins Advance as managing director for development, construction

Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.