Rotwein+Blake has made a point to diversify in recent years, expanding beyond its roots in the office and industrial sectors, helping it withstand the pandemic and other recent downturns. The firm now boasts a growing practice in multifamily and mixed-use projects, as it continues to work for many of New Jersey’s most prominent developers.
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.
CBRE has secured a $19.5 million loan for a fully leased, 306,000-square-foot industrial building that will soon be completed in South Brunswick.
As tenants adopt a more regional approach to industrial space, New Jersey brokers must do the same and expand their focus to the Lehigh Valley and other neighboring markets. Brokers now have an opportunity to provide their clients with additional options beyond the core submarkets of northern and central New Jersey, developers say, noting that many regional tenants have already grown comfortable with casting a wider net.