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
Jersey City: Lennar subsidiary plans summer delivery for 180-unit rental tower

A developer has completed vertical construction for its first project in the Northeast — an 18-story apartment building in Jersey City — with plans to deliver the property this summer.

Office
HFF inks sale of 178,000 sq. ft. office building in East Hanover

A private equity group has acquired a recently upgraded, 178,000-square-foot office building in East Hanover, in a transaction arranged by brokers with HFF.

Finance & Capital Markets
Tulfra secures $11.7 million loan for warehouse, self-storage project in West Caldwell

Tulfra Real Estate has landed $11.7 million in financing for a repurposed industrial property in West Caldwell, where it recently inked a long-term, 68,000-square-foot lease and is now building a 760-unit self-storage facility.

Retail
Growing thrift chain takes 40,000 sq. ft. in Union, LMC says

A regional thrift chain is expanding its footprint in New Jersey with a newly signed, 40,000-square-foot lease announced Thursday by Levin Management Corp.

Office
Denholtz, home care provider sign 8,000 sq. ft. lease in Hamilton

A home care provider has leased more than 8,000 square feet at a Hamilton office building, bringing the property to full occupancy less than a year after it changed hands.

Health Care & Education
Atlantic City plans ‘eds and meds’ expansion with $38 million medical arts complex

A regional health care network is planning a $38 million, 65,000-square-foot medical arts complex in Atlantic City, in one of the latest new developments in the iconic resort town.

Residential & Mixed Use
Developer unveils new 74-unit rental project in Lakewood

TFE Properties has completed the first piece of a new apartment community in Lakewood, a 74-unit complex located between Route 9 and the Garden State Parkway.

Finance & Capital Markets
Amboy Bank, B-360 ink $33 million construction loan for East Orange project

Amboy Bank has closed on a $33 million construction loan for the developer of an 18-story luxury residential building in East Orange, the latest partnership between the two entities.

Government & Public Policy
Newark plans search for new economic, housing director with Palmieri set to retire

Newark’s top official for economic and housing development is stepping down next week after a little more than a year on the job.

Retail
Wayne retail center at full occupancy after deal with gymnastics school, CBRE says

A children’s gymnastics business has leased 2,650 square feet at a Wayne shopping center, bringing the 30,000-square-foot property to full occupancy.