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.

Professional Services
Gibbons, Frost Brown Todd joining forces to create new coast-to-coast law firm

Gibbons PC, one of New Jersey’s most storied and influential law firms, is merging with Cincinnati-based Frost Brown Todd LLP to create a new midmarket legal powerhouse with some 800 attorneys and reach across the country.

Retail
Investor buys 53,000 sq. ft. Lawrenceville retail center for $11.4 million, Marcus says

More than 53,000 square feet of retail space in Lawrence Township has changed hands for $11.35 million, in a newly announced deal by Marcus & Millichap.

Industrial
CBRE: Morganville industrial site with 21,000 sq. ft. building trades for $6.9 million

A private investment firm has purchased a 21,000-square-foot industrial building on 4.8 acres in Marlboro for $6.9 million, brokers CBRE announced Wednesday.

Industrial
Industrial market finds balance in Q3 as leasing surges, construction slows in New Jersey

Industrial vacancy in New Jersey declined in the third quarter, as landlords enjoyed strong leasing momentum and a much-needed slowdown in new building deliveries.

Industrial
Terreno sells 603,000 sq. ft. South Brunswick warehouse for $144 million

Terreno Realty Corp. has sold a 603,000-square-foot industrial property in South Brunswick for more than $144 million, the real estate investment trust announced Tuesday.

Finance & Capital Markets
Buyer of Dallas housing parcel inks $2 million land loan from Kennedy Funding

A developer is set to acquire nearly 63 acres of raw land in Dallas with the help of a $2.05 million land loan from Englewood-based Kennedy Funding.

Industrial
Turnbridge buys 143,000 sq. ft. South Brunswick warehouse for $24 million, eyes value-add plan

Turnbridge Equities has acquired more than 143,000 square feet of warehouse space in South Brunswick that it now plans to update with a roughly $4 million renovation.

Finance & Capital Markets
PCCP, Stonemont snag $65 million bridge loan for new 296,000 sq. ft. warehouse in Passaic

The developers of nearly 296,000 square feet of new industrial space in Passaic have secured a $65.4 million bridge loan for the project, brokers with JLL announced Monday.

Finance & Capital Markets
Greystone arranges $286 million bridge loan for 1,000-unit Capodagli portfolio

Capodagli Property Co. has closed on a $285.7 million bridge loan in connection with a portfolio of more than 1,000 apartments in the state, in a newly announced deal by Greystone.

Education
SLIDESHOW: Students, CRE leaders gather as Rutgers Center for Real Estate marks 10 years

The Rutgers Center for Real Estate welcomed industry leaders alongside alumni and staff last month as the program marked its 10th anniversary at a reception in Piscataway.