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.

Events
NAIOP panel: Disruptors abound in CRE, from co-working to reverse logistics

Commercial real estate faces no shortage of disruptive forces, a panel of industry leaders told NAIOP New Jersey last week, citing everything from ridesharing services and automation to changing corporate and consumer preferences.

Office
C&W: Mack-Cali sells 193,000 sq. ft. Bridgewater office building

Mack-Cali Realty Corp. has sold a nearly 193,000-square-foot office building in Bridgewater to Edgewood Properties, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
KRE, National ink $258 million loan for Journal Squared phase two

Kushner Real Estate Group and National Real Estate Advisors LLC have closed on $258 million in construction financing for the second phase of Journal Squared, their high-profile mixed-use development in Jersey City’s historic Journal Square neighborhood.

Professional Services
Colliers expands health care real estate group in New Jersey with new hire

Colliers International has added a 25-year industry veteran to bolster its position in the health care and medical office sectors.

Industrial
Stro acquires 55,000 sq. ft. industrial portfolio in Clifton

The Stro Cos. has added to its holdings in Clifton with the acquisition of a two-building, 55,000-square-foot portfolio in the city.

Office
Contractor nears completion of Ramsey office building renovation

A Jackson-based contractor is nearing completion of a major interior renovation at a 138,400-square-foot office building in Bergen County.

Office
CBRE: Foundation launched by Eagles star acquires Cherry Hill building

A free food truck service launched by Eagles quarterback Carson Wentz has found a new headquarters, acquiring a 4,546-square-foot office property in Cherry Hill.

Retail
Paramount, city officials open new Burger King in Perth Amboy

Paramount Assets recently joined the operator of a new Burger King in Perth Amboy to mark the business’ opening.

Editor’s Note
New year, new optimism

Among those of you who shared your predictions for 2019, the worst thing I heard was “I’m not sure yet.” And if uncertainty is the worst thing we have in the year ahead, I think we’re well-equipped to take our chances. In the interim, we’re thrilled to begin our third full year of Real Estate NJ, the only New Jersey-based publication dedicated exclusively to commercial real estate.

Residential & Mixed Use
Mack-Cali to acquire new Jersey City apartment complex, Metropark office tower

Mack-Cali Realty Corp. is in talks to acquire one of Jersey City’s newest luxury residential properties while adding to its office holdings in the Metropark submarket, the latest among several transactions announced Thursday by the real estate investment trust.