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.

Finance & Capital Markets
Progress inks $34 million loan for Newark office building

The owners of a 200,000-square-foot office building in downtown Newark have secured $34 million in financing, under a newly announced transaction by Progress Capital.

Office
Developers lease up West Windsor office building, market ground-up project next door

A joint venture has leased up the first of two buildings at a ground-up office project in West Windsor, as it now markets a second that will include about 38,000 square feet.

Events
NAIOP honors transformative deals, industry icons at annual gala

Two of the state’s most ambitious redevelopment and adaptive reuse projects were among the top honorees Thursday at NAIOP New Jersey’s annual gala, where a crowd of hundreds celebrated the commercial real estate industry and some of its leading figures.

Residential & Mixed Use
Pennrose, HMFA mark start of 172-unit affordable project at former Army camp

Pennrose has broken ground on the first piece of a 172-unit affordable housing development in Edison, seeking to redevelop a former U.S. Army property that dates back to World War II.

Professional Services
NAI Hanson announces two promotions to associate VP

NAI James E. Hanson has made two promotions within its commercial brokerage team.

Residential & Mixed Use
AvalonBay debuts 360-unit project in Piscataway, its latest in New Jersey

AvalonBay Communities Inc. has unveiled a new 360-unit apartment complex in Piscataway, adding to its vast portfolio of luxury rental properties in New Jersey.

Industrial
Sudler, GTJ open new Piscataway facility for global art supplier

An international art supplier has opened its new 150,000-square-foot headquarters and distribution center in Piscataway, where a joint venture has redeveloped the former site of a defunct office building.

Residential & Mixed Use
CBRE touts Hudson County apartment sales totaling $57 million

An out-of-state investor has paid more than $31 million for a newly built, 80-unit apartment building in Union City, CBRE said, touting the sale among several recent deals in Hudson County.

Professional Services
Dun & Bradstreet, Reonomy expand partnership for CRE data

Dun & Bradstreet is expanding a partnership with a commercial real estate data and software provider, with a focus on bringing further clarity to the vast network of available industry data.

Office
Marketing firm takes 11,000 sq. ft. in Moorestown

A marketing firm is set to expand into an 11,000-square-foot office space in Moorestown, following a newly completed transaction by Rose Commercial Real Estate.