New Jersey Commercial Real Estate News

JLL Capital Markets arranged the $82.5-million sale of The Mark Parsippany apartments to The DSF Group

JLL Closes Parsippany Apartment Sale to DSF Group

By Paul Bubny | July 27, 2022 JLL Capital Markets closed the $82.5-million sale of The Mark Parsippany, a 212-unit, four-story, C...Read more

Advance Realty Investors and Greek Development obtained $227 million in construction financing from Wells Fargo for their Linden Logistics Center and Logan North industrial projects in New Jersey

Advance Realty, Greek Development Close on $227M for NJ Industrial Projects

By Paul Bubny | July 26, 2022 The partnership of Advance Realty Investors and Greek Development has closed on more than $227 mill...Read more

Claremont Development has sold The James, a five-story apartment property in Park Ridge, NJ, for $130 million

Claremont Trades Park Ridge Apartments for $130M

By Paul Bubny | July 22, 2022 Claremont Development closed the sale of The James, a 240-unit multifamily property located at 87 M...Read more

JLL has arranged construction financing for Bridge Point South Plainfield, a Bridge Industrial warehouse project in New Jersey's Middlesex County

JLL Arranges Construction Loan on Bridge’s South Plainfield Warehouse

By Paul Bubny | July 21, 2022 JLL Capital Markets arranged a $25-million construction loan for Bridge Point South Plainfield, an ...Read more

Walker & Dunlop will be a corporate sponsor of the Rutgers Center for Real Estate at the university's Newark, NJ campus

Walker & Dunlop to Sponsor Rutgers Center for Real Estate

By Paul Bubny | July 20, 2022 Walker & Dunlop, Inc. will be a corporate sponsor of the Rutgers Center for Real Estate in Newa...Read more

First National Realty Partners has promoted managing principal Andrew DeNardo to CEO and hired Bill Comeau as CFO

First National Realty Partners Names New CEO, Adds CFO

By Paul Bubny | July 18, 2022 First National Realty Partners (FNRP), headquartered in Red Bank, NJ, has made a key promotion and ...Read more

Thorofare Capital provided copnstruction financing for an industrial property in Freehold, New Jersey

Thorofare Provides Construction Loan on Central NJ Industrial

By Paul Bubny | July 14, 2022 Thorofare Capital, Inc. provided $28.5 million in financing to Treetop Companies for construct...Read more

Progress Capital arranged $54.5 million in construction financing for the conversion of a long-vacant Newark, NJ hospital into an education facility

Progress Capital Lines Up Construction Debt for Newark School

By Paul Bubny | July 13, 2022 David May and Evan Boles of Progress Capital secured $54,500,000 in construction financing for the ...Read more

A Cantor Fitzgerald affiliate has paid $131.7 million for 200 Metro Blvd. in Nutley, NJ, the flagship office tower in the ON3 redevelopment

ON3’s Flagship Office Tower Trades to Cantor Affiliate for $132M

By Paul Bubny | July 12, 2022 Prism Capital Partners has sold ON3’s flagship office tower, 200 Metro Blvd. in Nutley, NJ, to�...Read more

The Hoboken Connect project will include residentiual and office components along with upgrading Hoboken's transit infrastructure

LCOR’s Hoboken Connect Project Wins Final Approval

By Paul Bubny | July 10, 2022 LCOR and its project partners NJ Transit (NJT) and the City of Hoboken have received final approval...Read more

A new industrial development in North Brunswick, NJ will offer easy access to the state's major highways and Port Newark

CushWake Tapped to Lease Up New Industrial Along U.S. 1 in NJ

By Paul Bubny | July 06, 2022 Cushman & Wakefield has been retained to market Crossroads Commerce Center for lease. Located a...Read more

The Sterling, a 128-unit apartment property along New Jersey's Gold Coast in Fort Lee, has sold for nearly $52 million

Fort Lee Apartments Fetch $52M Amid Renter Demand

By Paul Bubny | July 05, 2022 Cushman & Wakefield arranged the sale of The Sterling, a 128-unit multifamily property located ...Read more

EverWest has acquired a 177,000-square-foot industrial property in Rutherford, NJ in a sale-leaseback

EverWest Adds to NJ Portfolio with Meadowlands Sale-Leaseback

By Paul Bubny | July 04, 2022 EverWest Real Estate Investors has added to its New Jersey industrial portfolio with a $3...Read more

A 152,000-square-foot industrial property in Paterson NJ has changed owners in a transaction brokered by NAI James E. Hanson

NAI Hanson Closes Deal for Northern NJ Industrial

By Paul Bubny | June 30, 2022 NAI James E. Hanson negotiated the sale of a 152,000-square-foot industrial building at 55 E. 6th S...Read more

Duke Realty Headquarters Gets Green Building Council Sustainability Thumbs Up

Somerset Development Rebrands as Inspired

By Paul Bubny | June 29, 2022 Somerset Development, based in Holmdel, NJ and known for large-scale mixed-use redevelopment, said ...Read more

Seagis has acquired 60 Leonard St., a Metuchen, NJ industrial property in the Exit 10 submarket

Seagis Acquires Metuchen Industrial, Plans Upgrades

By Paul Bubny | June 28, 2022 Seagis Property Group closed on a 6.92-acre industrial real estate property featuring a 158,641-squ...Read more

JLL has been hired to provide property management at Headquarters Plaza, an office, retail and hotel complex in Morristown, NJ

JLL Tapped for Property Management at Morristown’s Headquarters Plaza

By Paul Bubny | June 23, 2022 JLL has been selected to provide property management services to Headquarters Plaza, a 760,000-squa...Read more

Completed in 2021, Butler Plaza in Butler, NJ is fully leased

New-Construction NJ Retail Trades for $24M

By Paul Bubny | June 22, 2022 Marcus & Millichap closed the sale of Butler Plaza, a 29,833-square-foot retail center in Butle...Read more

Crow Holdings Carteret will encompass 1.2 million square feet of industrial development near the NJ Turnpike

Crow Holdings Breaks Ground on 1.2M-SF Spec Industrial in Carteret

By Paul Bubny | June 20, 2022 Crow Holdings Development broke ground on Carteret Crow Holdings, a 126-acre property in Carteret, ...Read more

Hudson Atlantic brokered the $15.6-million sale of four East Orange, NJ apartment properties near the city's train stations

East Orange Multifamily Portfolio Fetches $16M

By Paul Bubny | June 19, 2022 Hudson Atlantic Realty arranged the sale of four multifamily buildings with a combined 96 apartment...Read more

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