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
URW, Mill Creek break ground on new town green with 575 rentals at Garden State Plaza

A long-awaited plan to expand and diversify Westfield Garden State Plaza in Paramus is moving ahead with construction set to begin on a new public plaza and 575 luxury apartments.

Health Care
HMH debuts pioneering health care center at Metropark — and a blueprint for NJ Transit

A facility that’s meant to be a model of inclusive, convenient access to health care is also a template for the type of transit-oriented development that is critical to New Jersey’s future.

Retail
PRCP closes $54 million sale of high-end Bridgewater retail center to Urban Edge, JLL says

Urban Edge Properties has completed its purchase of more than 92,000 square feet of upscale retail space in Bridgewater, in a $54.3 million deal arranged by JLL.

Residential & Mixed Use
Longtime owners sell 26-unit East Orange apartment building in $2.6 million deal by ICON

A family ownership group has sold a 26-unit apartment building in East Orange for nearly $2.6 million, according to a listing team with ICON Real Estate Advisors.

Residential & Mixed Use
CBRE: North Jersey investor seeking buyer for 209-unit East Orange multifamily portfolio

The owner of a new two-building, 209-unit apartment portfolio in East Orange has listed the properties for sale, brokers with CBRE announced Wednesday.

Retail
Investor buys 8,000 sq. ft. strip center in Jackson, Marcus & Millichap says

A local private investor has closed on its purchase of an 8,000-square-foot retail center in Jackson, in a newly announced deal by Marcus & Millichap.

Retail
Silbert: Indoor golf facility takes 4,700 sq. ft. to fill Branchburg shopping center

An indoor golf simulator is coming to a grocery-anchored retail complex in Branchburg following a lease secured recently by Silbert Realty & Management.

Features
Hitting home: ‘The Journal’ is latest project to arrive in Jersey City with Paolino, attorney and city native, as a guiding hand for developers

A landmark project in Journal Square is especially meaningful for Gene Paolino, a senior partner with Genova Burns who spent nearly 20 years guiding the development. He’s also a Jersey City native, meaning he’s been personally invested in the city’s growth during a legal career that spans more than four decades.

Industrial
NAIDB, NAI Hanson team up to market new 106,000 sq. ft. South Brunswick industrial project

The owner of more than 106,000 square feet of new industrial space in South Brunswick has paired two well-known New Jersey-based brokerage firms to help it attract a tenant.

Professional Services
Wilkes, regional leader of Ware Malcomb civil practice, elevated to principal

Ware Malcomb has promoted Ed Wilkes to principal, a move that highlights his role in building its civil engineering practice in New Jerey and across the East Coast.