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Commercial Real Estate Blog

RAHWAY, NJ — Bussel Realty Corp. (BRC) announced the sale of 970 New Brunswick Ave. in Rahway, a 297,000 s/f industrial facility, for $19.5 million. 
Greg Irving, executive vice president, SIOR, and Jim Hodgkins, vice president, of BRC represented the seller, Rahway Industrial Sites. The buyer, Harold Realty Management LLC, was represented by Ezra...

November 14, 2019

JERSEY CITY, NJ — Developer KRE Group and Northwestern Mutual announced a joint-venture agreement to develop a sculptural, 38-story tower that will bring 507 new luxury residences and a 4,500 s/f public plaza to one of Jersey City’s most desirable neighborhoods. Located at 351 Marin Blvd., the mixed-use development, which stretches from 1st to Bay...

LIVINGSTON, NJ — Multi-family continued to flex its muscle over office and retail investment property sales in Q3 2019 thanks to an extended rent-growth run and unquenched appetite among investors for both value-add and new construction product, according to the investment brokerage firm Gebroe-Hammer Associates. At the close of Q3, the Livingston,...

November 14, 2019

HILLSBOROUGH, NJ – Hillsborough is certainly a desirable location for business, a fact highlighted by multiple recent new lease signings and lease renewals at two key locations. These transactions – 10 in total – were managed by Jonathan Glick, executive vice president for Sheldon Gross Realty, a full-service commercial real estate firm covering al...

PALISADES PARK, NJ — The Kislak Company, Inc. announced the sale of 40 residential units in Palisades Park, Bergen County for $8.9 million. The properties are located at 55 and 57-61 Bergen Blvd.
Kislak marketed the property on an exclusive basis with senior vice president Robert Squires handling the assignment. Senior vice president Barry Waisbrod...

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