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.

Professional Services
IOREBA installs Manchanda as board president alongside fellow 2026-2027 officers

The Industrial and Office Real Estate Brokers Association has welcomed its new leadership team, with Bree Manchanda taking the helm as the group prepares to mark its centennial.

Community
‘A complete community:’ LeFrak, Simon families mark Newport’s 40th anniversary with $1 million grant program for Jersey City nonprofits

The developers of Newport, the seminal mixed-use neighborhood credited as a catalyst for the rebuilding of the Jersey City waterfront, plan to disburse $1 million to 40 local nonprofit groups as the organization celebrates four decades in the city.

Residential & Mixed Use
Clarion sells 217-unit Hoboken rental property after 17 years, JLL says

Clarion Partners has sold a 217-unit luxury apartment building in Hoboken, a long-held asset for the global investment firm, in a newly announced deal by JLL.

Residential & Mixed Use
Kislak: Palisades Park apartment owner sells 33-unit portfolio after more than 40 years

The longtime owner of a 33-unit apartment portfolio in Palisades Park has sold the properties for $4.7 million, a broker with The Kislak Co. Inc. said this week.

Community
CREDA NJ hosts annual Community Action Food Drive & Volunteer Day

The Commercial Real Estate Development Association’s New Jersey chapter returned last week to the Community Food Bank of New Jersey in Hillside, allowing industry leaders to volunteer in support of the state’s largest anti-hunger and anti-poverty organization.

Retail
Nail salon inks lease at Larken property in Hillsborough, finding new home after devastating fire

A family-owned nail salon has reopened in Hillsborough, finding a new home at a busy intersection at a commercial property owned by Larken Associates.

Health Care
South Jersey physician group sells two locations after merger with hospital system

A physician group has sold two medical office properties in South Jersey as part of a merger with a regional hospital system, according to brokers with Vantage Commercial.

Featured
EDA pauses Aspire applications, seeking more ‘transparent and competitive framework’

The state Economic Development Authority is pumping the brakes on the Aspire tax credit program for developers, seeking to make it more efficient and cost-effective for applicants as it manages its remaining funds under the policy.

Industrial
NAIDB lists 75,000 sq. ft. Piscataway industrial facility, touting ‘ideal’ owner-user opportunity

The owner of a nearly 75,000-square-foot industrial building in Piscataway has listed it for sale, providing a rare opportunity for an owner-user to establish or expand in a key logistics corridor.

Residential & Mixed Use
Jersey City building with four apartments, retail space trades for $1.2 million, Cervelli says

A family office has expanded its holdings in Jersey City, acquiring a building with four apartments and retail space in a deal arranged by Cervelli Real Estate & Property Management.