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420 Washington St. HOBOKEN, NJ – Marcus & Millichap announced today the sale of two mixed-use properties located along Washington Street, Hoboken’s primary retail corridor.  The first transaction involved the sale of 420 Washington St., a three-unit mixed-use property. Alan Cafiero, Devin Perez and Dean Matuszewicz, investment specialists in Marcus & Millichap’s New Jersey office, represented the seller and procured the buyer in the $2,850,000 transaction.  1004 Washington St

Team Resources Inc. Promotion Announcement Team Resources Inc. is pleased to announce the promotion of Alex Rosenberg to Senior Vice President. Over the past five years, Alex has participated in more than 5,000,000 square feet of lease and sale transactions, totaling over $200 million in real estate activity. Over the eight-plus years he has been with us, he has consistently demonstrated an exceptional work ethic, unwavering dedication, and a steadfast commitment to serving h

Baltimore, MD – W. Thomas Fahs, Vice President – Predevelopment and Master Planning for COPT Defense Properties, has been elected to the Board of Directors of NAIOP Maryland. The local trade association, which has more than 400 members and represents the interests of the commercial real estate industry throughout the state, is part of NAIOP, a network of approximately 55 chapters in North America. NAIOP Maryland is comprised of commercial real estate development companies and

Sayreville, NJ — JLL Capital Markets has secured a $47.5 million refinancing for Camelot West at Townelake, a newly delivered 176-unit luxury multifamily community in Sayreville. JLL worked on behalf of the borrower, Kaplan Companies, in arranging the five-year, fixed-rate loan through a regional bank. Camelot West at Townelake, located at 5105 Brown Rd. in Sayreville’s Middlesex County, offers residents convenient access to public transportation and highway infrastructure wi

By Jon Moore, Woodmont Properties The New Jersey–Eastern Pennsylvania corridor is set for solid expansion in 2026, driven by steady economic growth, population influx, and a dominant logistics network. Forecasts indicate persistent demand for housing and warehouse space, with supply constraints keeping vacancies low and rents on an upward trajectory. Economic & Demographic Foundations Regional GDP growth is projected between 2-3%, outpacing many national average forecasts due

By Michael Mullin, IBSRE As CEO of a technology service provider dedicated to supporting commercial real estate companies, I foresee transformative changes in our industry in 2026, driven by advancements in artificial intelligence and data analytics. The power of AI to reshape energy forecasting will redefine how owner/operators manage their properties and enhance operational efficiency. Revolutionizing Energy Management: AI-driven energy forecasting will be a cornerstone of

By Thomas M. Olson, Esq. & Matthew J. Erickson, Esq., McKirdy, Riskin, Olson & DellaPelle, P.C. New Jersey continues to lead the nation as the State with the highest average property taxes. This is especially true for many of New Jersey’s office properties. The effects of the pandemic, together with the current strong residential market, still linger in the area’s soft and uneven office rental market. This is especially true for what used to be some of New Jersey’s property t

By Nicholas Minoia, Diversified Properties As we enter 2026, one reality is becoming increasingly clear across New Jersey’s real estate landscape: property management is no longer a back-office function. It is a strategic driver of asset performance, tenant satisfaction and long-term value. Property owners throughout the state are navigating a convergence of challenges. Rising operating costs, aging infrastructure, evolving tenant expectations, regulatory scrutiny, and tighte