Residential & Mixed Use
Investor buys 57-unit Summit apartment complex for $21 million, Kislak says

A private investor has sold a 57-unit garden apartment complex in Summit for more than $21 million, in a newly announced deal by The Kislak Co. Inc.

People
Saxum promotes Caputo, construction industry veteran, to project executive

Saxum Real Estate has promoted Frank Caputo to project executive within the Summit-based firm’s development and construction team.

Retail
Yoga studio takes 3,300 sq. ft. in downtown Summit in deal arranged by Sheldon Gross

A yoga studio has leased a 3,300-square-foot retail space in downtown Summit, Sheldon Gross Realty brokers announced last week.

Community
NAIOP New Jersey golf classic raises funds for 15,000 meals for Community FoodBank of N.J.

The state’s commercial real estate sector came together last month for a day of friendly competition and community action as NAIOP New Jersey hosted its 2024 Golf Classic and Pickleball Tournament, in a show of support for the Community FoodBank of New Jersey

People
Saxum’s Vitiello promoted to controller

Saxum Real Estate has promoted Chris Vitiello to the post of controller with its Summit-based team.

Office
JLL: ‘Premier’ office buildings still shining in New Jersey with lower vacancy, higher rents than other Class A properties

Only a third of northern and central New Jersey’s top office buildings are less than 10 years old or have been significantly improved within that span — but their owners are reaping the benefits.

Retail
Pierson named retail leasing firm for Saxum-owned property in downtown Summit

Saxum Real Estate Partners has tapped Pierson Commercial as its retail leasing agent for a rarely available commercial building in downtown Summit.

Retail
Sheldon Gross: Weight loss spa Bodenvy takes 2,400 sq. ft. in Summit

A weight loss spa has found its first New Jersey location after leasing 2,400 square feet in downtown Summit, brokers with Sheldon Gross Realty announced last week.

Events
United Way reveals commercial, industrial award finalists for annual real estate luncheon

United Way of Northern New Jersey has unveiled the finalists for its commercial real estate awards next month, part of a program that will mark its 25th year of partnering with industry executives for the organization’s largest annual fundraiser.

Office
Tutoring center takes 5,000 sq. ft. in Summit in lease arranged by Chilmark, Jeffery

A tutoring business has leased 5,000 square feet for a new location in downtown Summit, in a deal arranged by Chilmark Real Estate Services and Jeffery Realty.