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
Mutual support: Randolph rental project opens to great demand as developers, officials tout partnership that brought plan to fruition

A new 199-unit rental community has arrived in Randolph, bringing a much-needed infusion of housing and highlighting the role of collaboration between developers and local leaders.

People
Milewski elevated to managing director with Vision Properties, Arena Capital Group

Vision Properties has promoted David Milewski to managing director, expanding his role with the firm and the affiliated Arena Capital Group as it continues to scale its platform.

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includes not just retail but a complementary mix of heath care, fitness and lifestyle uses that will revitalize the outdated, slumping shopping center on Route 18.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.