Companies from Brooklyn and New York City’s other outer boroughs are increasingly taking industrial space in New Jersey, brokers say, whether they are expanding beyond their original business locations or looking for a new home altogether. The trend is adding to the already surging demand in the market for warehouse and distribution space in the Garden State.
Features
Real Estate NJ goes in depth on the latest trends, success stories and critical issues facing the commercial real estate industry. Hear what is on the mind of the industry’s power players and get expert analysis as we give you the deepest look inside the market.
Wired for success: Rating system could change how developers approach connectivity, infrastructure
Earlier this year, the rating service known as WiredScore released a full-fledged set of guidelines, providing a roadmap for professionals involved in new commercial developments. And with the growing importance of data and internet connectivity, the rating system offers the potential to play a major role in office leasing going forward.
At long last: Beachfront, downtown projects move ahead in Jersey Shore town
More than a decade after the debut of the landmark, mixed-use Pier Village complex, Long Branch has other developments under construction or in the pipeline along its oceanfront, including new luxury condominiums. And along Lower Broadway, a developer is in the midst of demolishing dozens of blighted properties, following the resolution of what had been a fierce legal battle over back taxes and entitlements. The demolition is now clearing the way for a mixed-use project that could begin to transform the downtown as soon as next year.
FEM project brings a taste of South Beach to Long Branch
Mimi Feliciano recalls spending the early part of her college years in Miami — and how it wasn’t long before she fell in love with everything from the architecture to the lifestyle. It’s one reason why she and her firm, FEM Real Estate, have grand designs of bringing a taste of South Beach to her home state with its new project, South Beach at Long Branch.
Berger’s rehab project looks to tap into Newark’s growing hotel market
As Miles Berger knows all too well, transit access and proximity to Manhattan have been longtime drivers of Newark’s office market. He also knows that those benefits play a major role in the city’s lesser-known tourism sector. It’s why Berger is taking a major step to upgrade his hospitality portfolio in downtown Newark: a gut renovation of a 90-year-old hotel that will result in a new state-of-the-art property near the city’s Military Park.
The next step for Bell Works: With office space nearly full, retail takes center stage at landmark project
With at least 6,000 daily office workers set to occupy the building by next year, the effort to bring a distinctive mix of retailers, services and dining options to Bell Works is now well underway. That mix includes everything from a florist and a beauty salon to a 24-hour health club and an urgent care center, offerings that will serve both office tenants at the building and residents from the surrounding communities.
