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.

Technology
CoreWeave begins $1.8 billion data center project in Kenilworth, landing first award under new EDA tax credit program

CoreWeave has started construction on a nearly $1.8 billion data center in Kenilworth with the help of what will be a five-year, $250 million tax credit award under a new state program.

Residential & Mixed Use
JLL: Buyer wanted for 301-unit Hoboken apartment building with value-add potential

The owner of a 301-unit apartment building near downtown Hoboken is looking to sell the property, offering what brokers say is strong upside in a coveted location.

Industrial
Longpoint sells 97,000 sq. ft. Clifton industrial complex in deal with Silverman, C&W says

Longpoint has sold a more than 97,000-square-foot industrial portfolio in Clifton to The Silverman Group, brokers with Cushman & Wakefield announced Monday.

Retail
Doren Development buys historic building in downtown Rutherford, with updates underway

Doren Development has acquired a historic mixed-use building in downtown Rutherford, where it has kicked off renovations to restore and modernize the landmark property.

Residential & Mixed Use
Walters launches affordable housing lottery at 66-unit Galloway site, eyes spring completion

Walters is targeting a spring delivery of a new 66-unit multifamily property in Atlantic County, as it solicits residents through a just-launched affordable housing lottery.

Industrial
PREMIER delivers new 152,000 sq. ft. Union industrial project for Brookfield

PREMIER Design + Build Group has completed its latest project in New Jersey, delivering a nearly 152,000-square-foot industrial facility in Union Township for Brookfield Properties.

Retail
Local buyer adds 22,000 sq. ft. Rutherford retail center in $7.4 million deal, Marcus says

A private investor has acquired a nearly 22,000-square-foot retail property in Rutherford for $7.35 million, brokers with Marcus & Millichap announced Friday.

Industrial
Sitex expands team with key hires, promotion

Sitex Group has announced three new hires and a promotion on its Englewood-based team as it supports a growing industrial portfolio in New Jersey, New York and South Florida.

Industrial
Goodman hits key milestones, eyes late 2026 delivery for new Jersey City logistics hub

Goodman Group has completed its teardown of the former New York Daily News printing facility in Jersey City, where it plans to build more than 427,000 square feet of new industrial space that it says can support a range of user types.

Industrial
Kislak: Pennington industrial park changes hands for first time in 30 years, fetching $3.3 million

A longtime owner has sold a more than 30,000-square-foot industrial park in Mercer County for $3.3 million, in a newly announced deal by The Kislak Co. Inc.