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.

Industrial
NJDG sells 79,000 sq. ft. shallow-bay portfolio in Rockaway to Faropoint, JLL says

Faropoint has acquired a nearly 79,000-square-foot portfolio of shallow-bay industrial property in Rockaway Township, in a newly announced deal by JLL.

Residential & Mixed Use
Alpine set to unveil 500-unit rental project near Jersey City’s Liberty Science Center

A new two-building, 500-unit rental community in Jersey City is set to come online, marking a milestone for a major redevelopment plan alongside the iconic Liberty Science Center.

Industrial
Greek, Advance and Torchlight ink $24 million land sale in Logan for new 190,000 sq. ft. distribution facility

A global distributor is coming to a Logan Township industrial campus, where it will occupy a built-to-suit, 190,000-square-foot facility on land it acquired from the park’s developers.

People
Goldman joins Saxum with asset management, brokerage background

Saxum Real Estate has welcomed Adam Goldman as an asset management associate, the Summit-based firm announced Monday.

Professional Services
NAIDB taps George, former intern, as brokerage associate

NAI DiLeo-Bram & Co. has deepened its commercial real estate advisory group with the addition of Leo George as an associate.

Residential & Mixed Use
Larken earns two NJBA Sales and Marketing Awards for 120-unit Pohatcong project

Larken Associates has notched two more wins in the New Jersey Builders Association’s annual Sales and Marketing Awards — thanks to a new multifamily community in Warren County.

Industrial
Blau & Berg: Freight forwarder inks 126,000 sq. ft. renewal at Secaucus industrial building

A logistics firm is staying in place after signing a lease renewal for nearly 126,000 square feet of industrial space in Secaucus, brokers with The Blau & Berg Co. announced last week.

Education
Silverman, longtime NJCU supporter, establishes endowed scholarship at Jersey City school

Longtime developer Paul Silverman has launched a new scholarship at New Jersey City University, building on his years of support for both the academic institution and the Jersey City community.

Retail
LMC: Ace Pickleball debuts 27,000 sq. ft. location at North Brunswick shopping center

Indoor pickleball has arrived at a busy retail property in North Brunswick, bringing a distinctive new use to the complex as part of its evolving tenant mix.

Top News
Cervelli lists mixed-use Journal Square building with ‘value-add upside, owner-user potential’

A three-story, 13,000-square-foot commercial building in Jersey City is on the market for sale, in a newly announced offering by Cervelli Real Estate & Property Management.