New Jersey

Rockefeller Group to Develop 486,850 SF Industrial Project in Pemberton, New Jersey

by Taylor Williams January 28, 2026

PEMBERTON, N.J. — New York City-based Rockefeller Group will develop a 486,850-square-foot industrial project in Pemberton, located about 35 miles east of Philadelphia. The site spans 100 acres at 2554 U.S. Route 206, and the two-building development will be known as 206 Logistics Center. Building features will include clear heights of 36 to 40 feet, ESFR sprinkler systems and “ample” trailer parking. A construction timeline was not announced. Jonathan Klear and Fred Meyer of NAI Mertz represented Rockefeller Group in its acquisition of the land. NAI Mertz has also been retained to market the project for lease, sale and/or build-to-suit opportunities.

January 28, 2026

Development Industrial New Jersey Northeast

Hillwood Breaks Ground on Spec Industrial Project in Hamilton, New Jersey

by Taylor Williams January 27, 2026

HAMILTON, N.J. — Texas-based developer Hillwood has broken ground on a speculative industrial project in Hamilton, located outside of Trenton in Central New Jersey. The square footage was not disclosed. The 36-acre site at 2772 Kuser Road is located less than two miles from Exit 7A off the New Jersey Turnpike, and the building will feature a clear height of 36 feet. Completion is slated for the third quarter. Cushman & Wakefield has been named as the leasing agent.

January 27, 2026

Acquisitions Multifamily New Jersey Northeast

BlueGate, JLL Arrange Sale of 194-Unit Apartment Complex in Fort Lee, New Jersey

by Taylor Williams January 26, 2026

FORT LEE, N.J. — Regional brokerage firm BlueGate Partners and JLL have co-arranged the sale of Twenty50, a 194-unit apartment complex in the Northern New Jersey community of Fort Lee. Built in 2013, the 12-story building houses one- and two-bedroom units with an average size of 896 square feet. Amenities include a pool, coworking space, library, fitness center, lounge and outdoor grilling and dining stations. Mark DeLillo, Marc Schulder and Lee Spiegleman of BlueGate collaborated with JLL’s Jose Cruz, Steve Simonelli, Mike Oliver and Elizabeth DeVesty to broker the deal. The buyer and seller were not disclosed.

January 26, 2026

Loans New Jersey Northeast Office

CBRE Arranges $58M Loan for Refinancing of Office Complex in Short Hills, New Jersey

by Taylor Williams January 23, 2026

SHORT HILLS, N.J. — CBRE has arranged a $58 million loan for the refinancing of a two-building, 320,000-square-foot office complex in Short Hills, about 25 miles west of New York City. The property, which was 95 percent leased at the time of sale, offers amenities such as a fitness center with a yoga and meditation room, cafeteria and shuttle service to nearby public transit lines. Brad Zampa and Mike Walker of CBRE arranged the five-year, floating-rate loan on behalf of the owner, Columbia Pacific Advisors. An undisclosed, East Coast-based institutional real estate lender provided the funds.

January 23, 2026

Acquisitions New Jersey Northeast Retail

JLL Brokers $27.9M Sale of Retail Portfolio in Mount Olive, New Jersey

by Taylor Williams January 23, 2026

MOUNT OLIVE, N.J. — JLL has brokered the $27.9 million sale of a portfolio of net-leased retail properties totaling 167,532 square feet in Mount Olive, about 45 miles west of New York City. Known as The Gardens Portfolio, the collection spans eight properties across seven pad sites totaling 32,493 square feet and a Lowe’s Home Improvement store that totals 135,039 square feet. Other tenants include Applebee’s, LongHorn Steakhouse, Panera Bread, Wells Fargo, McDonald’s, Wendy’s, Panda Express and Chipotle. Kevin O’Hearn, Jose Cruz and J.B. Bruno of JLL represented the seller, Rivani, in the transaction.

January 23, 2026

Leasing Activity New Jersey Northeast Office

Cushman & Wakefield Negotiates 12,016 SF Office Lease in Hoboken

by Taylor Williams January 23, 2026

HOBOKEN, N.J. — Cushman & Wakefield has negotiated a 12,016-square-foot office lease in Hoboken. The tenant is cybersecurity firm Semperis, and the space is located on the ninth floor of the 13-story building at 111 River St., which is also home to Unilever’s new U.S. headquarters. Patrick Decker, Mina Shehata, David DeMatteis and Mark Zaziski of Cushman & Wakefield successfully represented Semperis in the lease negotiations. The landlord, SJP Properties, was self-represented.

January 23, 2026

Development Loans Multifamily New Jersey Northeast Walker & Dunlop

Walker & Dunlop Arranges $250M in Financing for Newark Multifamily Project

by Taylor Williams January 22, 2026

NEWARK, N.J. — Walker & Dunlop has arranged $250 million in financing for 22 Fulton, a 396-unit multifamily project in the Military Park neighborhood of Newark. The financing includes nearly $119 million from the Urban Investment Group at Goldman Sachs Alternatives across a construction loan, 4 percent Low-Income Housing Tax Credit (LIHTC) equity and a LIHTC bridge loan. The package also includes a $20 million preferred equity investment from an unnamed institutional capital provider and a $100 million forward commitment for a permanent loan by Barings. Barings has also committed additional funds to the project via the purchase of tax credits from the New Jersey Economic Development Authority’s Aspire program, which supports transit-oriented development. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Michael Ianno and Jackson Irwin of Walker & Dunlop arranged the financing on behalf of the borrower, a partnership between SK Development and the Berger Organization. The 21-story building will house 315 market-rate apartments and 80 affordable housing units that will be reserved for renters earning 60 percent or less of the area median income, as well as one staff residence and 4,700 square feet of retail space. Units will come in one- and two-bedroom floor …

January 22, 2026

Loans Multifamily New Jersey Northeast

CBRE Provides $35.5M Agency Permanent Loan for Multifamily Property in Belleville, New Jersey

by Taylor Williams January 21, 2026

BELLEVILLE, N.J. — CBRE has provided a $35.5 million Freddie Mac permanent loan for The Essex, a 158-unit multifamily property located in the Northern New Jersey community of Belleville. According to Apartments.com, the newly constructed, four-story building offers studio, one- and two-bedroom units that range in size from 437 to 888 square feet. Amenities include a fitness center with a yoga room, rooftop courtyard with grilling stations and a fire pit, resident lounge, game room, coworking pods, package room and a pet washing station. Judah Hammer, Jeff Feldman and Jack Hayes of CBRE originated the loan. The borrower was not disclosed.

January 21, 2026

Development Multifamily New Jersey Northeast Student Housing

Hawkins Way Capital Underway on Student Housing Renovation, Expansion Project in Newark

by Taylor Williams January 20, 2026

NEWARK, N.J. — Hawkins Way Capital, a California-based private equity firm, is underway on a student housing renovation and expansion project in Newark. The project involves transforming University Centre, a 521-bed complex that serves students at Rutgers University-Newark, the New Jersey Institute of Technology and Seton Hall University, to be able to accommodate 800 occupants as opposed to the current capacity of 690 students. Construction, inclusive of upgrades to 96 apartments and various common spaces, began last year on University Centre’s 13-story tower and five-story housing block while the complex was partially occupied. Work on remaining units is expected to be complete this summer. BDB Construction Enterprise is the construction manager and general contractor for the project.

January 20, 2026

Development Multifamily New Jersey Northeast

Triangle, Incline Begin Leasing 400-Unit Multifamily Project in East Orange, New Jersey

by Taylor Williams January 20, 2026

EAST ORANGE, N.J. — A partnership between two regional investment and development firms, Triangle Equities and Incline Capital, has begun leasing a 400-unit multifamily project in East Orange, about 20 miles west of New York City. Known as Embark at The Crossing, the project represents Phase I of a larger, 1,000-unit development called The Crossings at Brick Church Station. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two landscaped courtyards with fire pits, outdoor screening areas and grilling stations, as well as a fitness center, coworking lounge, resident clubroom, private theater, children’s playroom and a pet spa. Rents start at just under $2,000 per month for a studio apartment.

January 20, 2026

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