The Most Comprehensive Source for Commercial Real Estate News in the Region 

By Carlo L. Batts, MAI, Rittenhouse Appraisals and The Reduxx Group Artificial intelligence (AI) promises to shake up many industries including commercial real estate. One part of that promise would be revolutionizing property tax assessments, by improving accuracy, analyzing massive datasets, and streamlining bureaucratic processes. But as someone who has spent decades working commercial property valuation and tax assessment, I see significant risks in how AI is being deploy

Developer cashes out and refinances at prestigious Suwanee Preserve ENGLEWOOD, NJ — Edwin Urrego, executive loan officer at Kennedy Funding, is no stranger to land loans. Investors and developers across the country regularly turn to the New Jersey private lender for funding on land transactions for all kinds of purposes, including acquisitions, workouts, and cash-out financing. This was the case in Forsyth County, Georgia, where a borrower seeking to unlock capital tied up in

MONMOUTH JUNCTION, NJ — Sheldon Gross Realty announced two lease renewals at a Monmouth Junction, NJ office building. Moofwd Inc., a five-year tenant, has renewed its 3,368 s/f lease, while Inrika, Inc., a three-year tenant, has extended its 3,287 s/f space. Sheldon Gross Realty president Marcy Gross, executive VP Jonathan Glick, and assistant VP Joshua Glussky represented the property owner in both transactions. Located at 3759 Rte. 1, the property features a mini-campus set

By Carl Mazzanti, eMazzanti Technologies Milford Entities/Management Companies — a New York City organization that owns and manages luxury properties like Liberty View and Liberty Luxe in Battery Park City — believed it was wiring a $19 million payment for PILOT (Payment in Lieu of Taxes) and other expenses to the Battery Park City Authority (BPCA). But according to published reports, the July 2025 transfer instead went into the account of a cybercriminal who had impersonated

WOODBRIDGE, NJ — The Kislak Company, Inc. announced the recipients of its 2025 sales awards at the firm’s annual ceremony. Senior VP Matt Wolf received the Jay I. Kislak Producer of the Year; senior VP Tom Scatuorchio and managing director Jeff Squires were co-recipients of the Sima Kislak Jelin Salesperson of the Year award, and Squires also received the Sales Transactions award; executive VP Peter Wisniewski received the Lease Transactions award; and associate Matt LoBocchi

By Raffaella Schnurr, Amalfi Capital Amalfi Capital concentrates on the multifamily and industrial sectors and they feel more balanced today than they did a year ago. In 2025, the market was still working through a disconnect between buyer expectations and seller pricing, largely driven by rapid interest rate increases. Today, that gap has narrowed, and underwriting assumptions are more grounded in reality. Industrial fundamentals remain strong, though rent growth has normali

Historic firehouse brewery to reopen under original name with original recipes Cherry Hill, NJ — Vantage Commercial announced the successful sale of Brotherton Brewery, located at 2208 Atco Avenue, Atco, NJ — a landmark property housed in a fully renovated historic firehouse. The firm represented both the buyer and the seller in this transaction, which was negotiated and executed by Ken Richardson, vice president and partner, and Emily Stein, managing director. The transactio

By Jonathan Glick and Josh Glussky Looking further ahead into 2026, we at Sheldon Gross Realty are keeping a close eye on the market, doing our homework, and staying cautiously optimistic. With a few exceptions, we expect the year to look a lot like 2025, with a steady demand for warehouse space and Industrial Outside Storage (IOS). Industrial Given current conditions in the capital markets, buyers are being more selective, focusing on location, tenant quality, and lease term

Clarks Summit University Campus sells for $15.75M SOUTH ABINGTON TOWNSHIP, PA — Steven Farrell, owner and broker of Classic Properties, announced the previously completed closing of the former Clarks Summit University campus located at 538 Venard Rd. in South Abington Twp. The transaction, which closed in December 2025, totaled $15.75 million. Farrell represented both the buyer and the seller in the deal. The 100-acre institutional campus includes roughly 315,000 s/f of acade