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.

A new day for Gateway: How Onyx plans to transform Newark’s iconic office complex

A joint venture announced that it has acquired 1, 2 and 4 Gateway Center, allowing it to consolidate ownership of 1.6 million square feet of office space. Onyx Equities LLC is part of that group and is now spearheading the effort to modernize the network of pathways, part of a high-profile effort to overhaul the complex.

Tulfra, binder maker ink 68,000 sq. ft. industrial lease in West Caldwell

A binder manufacturer is moving to a newly renovated industrial building in West Caldwell as part of a newly announced, 68,000-square-foot lease with Tulfra Real Estate.

HFF: Buyer wanted for 119,000 sq. ft. office building in Montvale

The owner of a 119,000-square-foot office building in Montvale, which houses the U.S. headquarters of a well-known travel company, has put the building on the market.

Amboy Bank chairman Scharpf dies at 78

Amboy Bank is mourning the death of its longtime leader, George E. Scharpf, who spent more than 50 years with the Old Bridge-based community lender.

Elberon acquires 65,000 sq. ft. Hillside warehouse, plans other deals in 2019

Elberon Development Group has acquired a 65,000-square-foot warehouse and distribution center in Hillside, the first of what could be several upcoming additions to its portfolio.

Residential & Mixed Use

Newark affordable housing complex sells for $47.5 million

Jonathan Rose Cos. has sold a 360-unit, age-restricted affordable housing property in Newark for more than $47 million, according to brokers involved with the transaction.

Robbinsville warehouse trades for $13.5 million, JLL says

A national investment firm has made another addition to its New Jersey portfolio, acquiring a nearly 88,000-square-foot warehouse and manufacturing facility in Robbinsville.

CBRE: Investor buys LVMH headquarters building in Springfield for $13 million

The Springfield office building that is home to LVMH Moët Hennessy Louis Vuitton SE, the French luxury goods conglomerate, has changed hands for $13.3 million.

Homestake Capital announces new director

Homestake Capital has hired a new director to help the firm add to its development and investment pipeline.

Goldstein Group: Enterprise takes 14,000 sq. ft., backfills Wayne dealership site

Enterprise Rent A Car is slated to open a new refurbishment facility in Wayne after agreeing to lease 14,000 square feet, brokers with The Goldstein Group said Monday.