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.

Retail
LMC: Four new tenants set to open at upgraded Jersey City retail center

A shopping center at the southern edge of Jersey City is set to welcome four new tenants in the coming months as part of an ongoing effort to reposition the property.

Professional Services
Murphy Partners hires tax appeal, litigation attorney to helm new practice

Murphy Partners LLP has added a veteran attorney to lead its newly formed property tax appeal and litigation practice groups.

Professional Services
Vantage RES names new marketing coordinator

Vantage Real Estate Services has announced the hiring of a new marketing coordinator.

Finance & Capital Markets
Wilcox, Thrivent close $170 million in loans for New Jersey apartment and industrial deals

G.S. Wilcox & Co. is touting $170 million in recent loan activity with one of its correspondent lenders, including $100 million for two northern New Jersey apartment developers.

Industrial
Bridge, DHPH detail plans for four-story distribution center in Brooklyn

Bridge Development Partners’ New Jersey-based team and DH Property Holdings have acquired an 18-acre site in Brooklyn, where they plan to develop a four-story distribution center with up to 1.3 million square feet of prime industrial space.

Finance & Capital Markets
HFF secures $70 million for Advance, DeBartolo rental project in Harrison

Advance Realty and DeBartolo Development have landed $70 million in financing for a recently completed, 286-unit apartment project in Harrison, in a deal arranged by brokers with HFF.

Industrial
Stro hires new COO, general counsel

The Stro Cos. has made a new addition to its executive leadership team to help support its quickly expanding portfolio.

Industrial
Denholtz, snack maker ink 20,300 sq. ft. industrial lease in Piscataway

A food manufacturer has relocated to a Piscataway industrial building as part of a newly announced, 20,300-square-foot lease with Denholtz Associates.

Office
Joint venture acquires Gateway 1, 2 and 4 in Newark, plans concourse transformation

A joint venture has acquired 1, 2 and 4 Gateway Center in Newark, bringing 1.6 million square feet of office space under a common ownership and paving the way for a sweeping, multimillion-dollar plan to modernize the complex’s concourse and streetscape.

Government & Public Policy
NAIOP: Comptroller report only reinforces need for updated incentives in New Jersey

New Jersey’s use of tax incentives drew harsh criticism from a new audit by a state watchdog agency, but commercial real estate leaders say they welcome the scrutiny — and see it as a step toward updating and renewing the programs later this year.