Office
Newmark: With demand weakened by pandemic, New Jersey office market stumbles into 2021

Vacancy in the northern New Jersey office market grew for four straight quarters in 2020, even as a handful of industries showed the ability to withstand the effects of pandemic.

Industrial
Design, construction firm touts start of 50,000 sq. ft. logistics hub in Piscataway

A design and construction firm has broken ground on a new industrial project in Piscataway, the future home of a locally based transportation and logistics company.

Finance & Capital Markets
KRE Group, Russo secure $71 million loan for 345-unit rental project in Morris County

Kushner Real Estate Group and Russo Development have broken ground on 345 luxury apartments in Morris County, having secured a $71 million construction loan for the project.

Finance & Capital Markets
JLL: Developer lands permanent financing for new Union rental project

The developer of an 80-unit luxury apartment building in Union has secured permanent financing for the property, in a transaction arranged by JLL.

Finance & Capital Markets
Maplewood rental project inks construction financing, JLL says

A developer has secured construction financing for a project that will bring new apartments and commercial space to downtown Maplewood, in a newly announced transaction by JLL.

Finance & Capital Markets
Sierotko promoted to EVP, chief lending officer at Provident

Provident Bank has promoted its top commercial real estate lender to executive vice president, chief lending officer.

Finance & Capital Markets
JLL sources $17.5 million loan for mixed-use Red Bank project

Denholtz Properties has secured more than $17 million in financing to develop 57 luxury apartments and retail space in Red Bank, brokers with JLL announced Thursday.

Finance & Capital Markets
Provident to acquire SB One in $209 million bank merger

The parent company of Provident Bank is set to acquire SB One Bancorp, paving the way for what would be the third-largest lending institution in New Jersey.

Sponsored Content
Real Estate NJ’s 2020 Market Forecast

A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.

Finance & Capital Markets
Tulfra secures $11.7 million loan for warehouse, self-storage project in West Caldwell

Tulfra Real Estate has landed $11.7 million in financing for a repurposed industrial property in West Caldwell, where it recently inked a long-term, 68,000-square-foot lease and is now building a 760-unit self-storage facility.