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.

Retail
Vita & Vita breaks ground on 15,000 sq. ft. addition to Lincoln Park retail center

Vita & Vita Realty Corp. has started on a 15,000-square-foot expansion to a Lincoln Park shopping center, its latest addition to a sizable retail portfolio in the borough.

Industrial
Woodmont, Sagard eye Q1 2027 delivery of 277,000 sq. ft. logistics campus in Rahway

Woodmont Industrial Partners and Sagard Real Estate have broken ground in Rahway on what will be some 277,000 square feet of modern logistics space across two new buildings.

Top News
Devco’s Paladino to be inducted into New Jersey Hall of Fame as part of star-studded 2026 class

One of the driving forces behind the transformation of New Brunswick and several other cities in the state is joining the New Jersey Hall of Fame.

Industrial
Boniakowski: Electrical supply business buys Princeton commercial buildings for $1.9 million

An electrical supply company has acquired two adjacent buildings in Princeton for a combined $1.9 million, in a set of deals arranged by The Boniakowski Commercial Real Estate Group.

Community
Oates, Frassetto named co-chairs of Hope for Children Research Foundation advisory board

The Hope for Children Research Foundation has tapped an esteemed New Jersey real estate executive and a New York Giants legend to lead its executive board of advisers.

Government & Public Policy
Beating the clock: Rooftop solar developers, landlords race to lock in projects as federal tax credit nears sunset

A key federal incentive for solar projects is due to expire in just over a week, a change that will have major cost implications for an asset class that has become a growing source of revenue for commercial real estate landlords in New Jersey.

Education
Embracing the future: NJIT’s Profeta Real Estate Center launches, with a focus on cross-disciplinary education for a changing industry

New Jersey Institute of Technology marked the official launch of the Profeta Real Estate Center, a program that will combine finance, engineering, architecture and environmental skills in one graduate degree to provide training in all aspects of development and management.

Residential & Mixed Use
Harbor Group sells 384-unit Somerset rental property to Los Angeles-based TruAmerica

Harbor Group International has sold a 384-unit luxury apartment community in Franklin Township, in a transaction arranged by CBRE.

Retail
LMC: Blue Star Shopping Center sees 40 percent surge in visits as redevelopment draws new restaurants, entertainment

Patrons are flocking to the new-look Blue Star Shopping Center in Watchung, fueling a surge in foot traffic that’s poised to continue with a growing slate of dining and experiential tenants.

Professional Services
HLW taps Townsend, Vasold as co-studio directors in New Jersey

Global architecture and design firm HLW has appointed Christopher Townsend and Erin Vasold as co-studio directors of its New Jersey office.