Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Residential & Mixed Use
LCOR taps SERHANT to lead leasing at 386-unit Hoboken rental project

LCOR has unveiled its leasing and marketing partner for a high-profile, 386-unit residential tower that’s now under construction in downtown Hoboken.

Professional Services
LaBella Associates acquires Somerset-based Prestige Environmental

Prestige Environmental Inc., a consulting firm based in Somerset County, is starting a new chapter after being acquired by Rochester, New York-based LaBella Associates.

Office
Sheldon Gross: West Orange office building secures three renewals totaling 18,000 sq. ft.

Three tenants at a West Orange office building have signed renewals, accounting for nearly 18,000 square feet in recent leasing at the 101,000-square-foot property.

Deals
New York investor grabs Hudson County office, retail property for $1.1 million, Marcus says

An out-of-state buyer has scooped up a 3,900-square-foot office and retail property in West New York, paying $1.1 million in a transaction arranged by Marcus & Millichap.

Featured
A new destination: Edgewood, Paramount advance plans to revive East Brunswick mall as open-air lifestyle center

Edgewood Properties and Paramount Realty have unveiled plans to transform the 775,000-square-foot Brunswick Square Mall in East Brunswick into a modern, open-air destination for the community — one that includes not just retail but a complementary mix of heath care, fitness and lifestyle uses that will revitalize the outdated, slumping shopping center on Route 18.

Residential & Mixed Use
JLL lists 217-unit Hoboken rental property with ‘proven renovation program’

The owner of a luxury rental property in Hoboken has listed it for sale, having renovated more than three-quarters of its 217 units to provide a template for potential investors.

Events
Jersey City Summit returns June 4 in latest showcase of region’s largest, most impactful projects

With less than a month to go until the Jersey City Summit for Real Estate, Economic Development & Innovation, the annual event is shaping up to be bigger than ever.

Industrial
BRC: ACP fills 42,000 sq. ft. with new leases at Garwood industrial complex,

The owner of a Garwood industrial complex has secured four leases totaling nearly 42,000 square feet, according to a brokerage team with Bussel Realty Corp.

Featured
Midland Park retail property trades for $2.8 million, Horvath & Tremblay says

A private investor has purchased nearly 14,000 square feet of retail space in Midland Park for some $2.83 million, in a transaction arranged by Horvath & Tremblay.

Events
Join us June 9 for Capital at the Crossroads — presented by JLL and Real Estate NJ

Join us as commercial real estate leaders explore the future of New Jersey’s retail sector, from major mixed-use developments around legacy malls to food and beverage trends and regulatory changes that loom large for the asset class.