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
Seeking a solution, Assembly budget leader calls for extending deadline for state incentives

With the state’s two main incentive programs set to expire on June 30, a high-ranking state lawmaker called on Gov. Phil Murphy to consider extending the deadline and allow policymakers to revamp the tax credit offerings without interruption.

Office
NKF tapped to sell 188,000 sq. ft. Mack-Cali building in Neptune

Mack-Cali Realty Corp. is seeking a buyer for a fully leased, 188,400-square-foot office building in Neptune, brokers with Newmark Knight Frank announced Tuesday.

Office
Sanzari partners with startup to upgrade, curate amenities at Glenpointe

Alfred Sanzari Enterprises has made another move to enhance its flagship Glenpointe campus in Teaneck, partnering with a technology firm focused on amenities and tenant engagement.

Residential & Mixed Use
Jersey City: Ironstate, Panepinto hail leasing milestone at 539-unit rental tower

Renters have flocked to a newly built, 51-story apartment tower in downtown Jersey City, leasing more than 400 of its 539 units since late last year.

Retail
Three businesses debut at Jersey City strip center

Three new tenants have opened their doors at a 94,000-square-foot, grocery-anchored strip center at the border of Jersey City and Bayonne.

Industrial
Logistics firm takes 100,000 sq. ft. at Meadowlands building

A logistics firm has leased more than 100,000 square feet at an upgraded industrial building in East Rutherford, in a newly announced transaction by the Goodman Group.

Industrial
Fairfield: Seven-building industrial, flex portfolio trades for $30 million

An institutional owner has acquired a seven-building, 315,800-square-foot portfolio in Fairfield for more than $30 million, under a newly completed transaction by Sheldon Gross Realty.

Finance & Capital Markets
Wilcox inks $32 million loan for 151-unit rental complex in Maplewood

G.S. Wilcox & Co. has secured $32 million in financing for the owner of a recently built, 151-unit apartment community in Maplewood.

Professional Services
Colliers touts five promotions in New Jersey

Colliers International has made five promotions within its New Jersey brokerage team.

Finance & Capital Markets
Eastman refinances grocery-anchored center in Livingston, HFF says

The owner of a grocery-anchored shopping center in Livingston has refinanced the nearly 96,000-square-foot property, following a transaction arranged by HFF.