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.

Office

Mack-Cali will evaluate business plan, explore possible sale with new committee

Mack-Cali Realty Corp. will form a committee of independent directors to review the company’s efforts to reposition its portfolio, while exploring a potential sale of the business or any of its properties in the wake of an ongoing proxy fight with activist investors.

Office

Denholtz announces rebrand, relocation to new headquarters in Red Bank

The development and investment firm long known as Denholtz Associates has unveiled a new name and a new corporate headquarters to go along with what it says is a refocused strategy.

Industrial

CenterPoint, snack maker ink 73,000 sq. ft. expansion in Somerset

A snack maker has signed a 15-year lease extension at its facility in Somerset County, paving the way for a nearly 73,000-square-foot expansion by landlord CenterPoint Properties.

Residential & Mixed Use

SJP hits 60 percent leasing milestone at second Fort Lee rental tower

SJP Properties is touting a leasing milestone at the second of two 47-story residential towers in Fort Lee, part of a high-profile redevelopment at the foot of the George Washington Bridge.

Residential & Mixed Use

Jersey City apartment buildings trade for $5.3 million, Marcus says

Two Jersey City apartment buildings with a combined 14 units have changed hands for more than $5.3 million, under a pair of transactions arranged by Marcus & Millichap.

Industrial

Bridge unveils plan for new 125,000 sq. ft. industrial project in Edison

Bridge Development Partners has completed its acquisition of a nearly 7.5-acre parcel in Edison, where it plans to build a new 124,560-square foot industrial facility.

Office

Onyx details plan to open Newark office amid overhaul of Gateway complex

Onyx Equities LLC is putting down roots in Newark, where it is leading the effort to overhaul the landmark Gateway office complex.

Finance & Capital Markets

JLL inks $46.5 million refi for Howell shopping center

The owner of a Monmouth County shopping center has secured $46.5 million to refinance the property, under a newly announced transaction by JLL.

Office

Atkins, Woodmont hail lease-up of medical office building in Gloucester Co.

A new 40,000-square-foot medical office building in Gloucester County is fully leased, marking the latest milestone for a joint venture’s mixed-use redevelopment project.