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.

Industrial
Connors brokers sale of 44,000 sq. ft. building in Elizabeth

A nearly 45,000-square-foot industrial facility in Elizabeth has changed hands, the William F. Connors Agency announced Wednesday.

Government & Public Policy
Morris: Edgewood residents hurt by government shutdown can defer rent payments

Edgewood Properties is doing its part to help those impacted by the partial government shutdown, allowing federal employees who live at its buildings to defer their rent payments. In the process, it hopes other apartment operators will follow suit.

Government & Public Policy
Incentives: A look at Murphy’s plans to streamline, cap subsidy programs

Gov. Phil Murphy detailed his plans to update the state’s incentive programs, speaking Wednesday during an event in Jersey City. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd After lashing out at New Jersey’s high-profile tax credit incentives, Gov.…

Residential & Mixed Use
One Wall Partners acquires 159-unit rental complex in Rahway

An investment and management firm has expanded its portfolio with the purchase of a 159-unit apartment complex in downtown Rahway, in a transaction brokered by HFF.

Industrial
Transwestern taps Banaszynski as partner with national development arm

Industry veteran Brian Banaszynski has joined Transwestern’s national development arm, where he will spearhead the firm’s expansion into the Northeast industrial market.

Industrial
C&W inks sale, full-building lease at Woodbridge industrial complex

A retail logistics firm has signed a full-building lease at a recently traded, 302,500-square-foot industrial property in Woodbridge, in a set of transactions arranged by Cushman & Wakefield.

Industrial
CBRE: 3PL signs 171,000 sq. ft. lease at new Hillsborough industrial space

A third-party logistics firm has taken more than 170,000 square feet at a newly built, 750,000-square-foot distribution center in Hillsborough, brokers with CBRE announced Wednesday.

Finance & Capital Markets
Progress inks $10 million loan for Brick apartment developer

The developer of a 44-unit apartment building in Brick has landed a $10 million loan for the project, under a transaction arranged by Progress Capital.

Residential & Mixed Use
KRE Group, Lyft announce partnership at new Jersey City rental building

Kushner Real Estate Group has named Lyft as its official ride-share partner at a new luxury apartment building in Jersey City, providing residents with discounted fares and other perks.

Finance & Capital Markets
Kennedy inks $3 million loan for Christian center property

Kennedy Funding has closed a $3 million loan for the operator of a religious facility in Tacoma, Washington, the Englewood Cliffs-based direct private lender announced this week.