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

Veerman: New 28-unit rental property in downtown Bound Brook sells for $9.2 million

A developer has sold a new 28-unit apartment building in downtown Bound Brook for $9.2 million, in a transaction arranged by Veerman Asset Management.

Industrial

Ridgecut Road expands IOS holdings with 8-acre site in South Plainfield

Ridgecut Road has acquired a nearly eight-acre industrial outdoor storage property in South Plainfield, in a deal arranged by NAI James E. Hanson.

Events

NAIOP New Jersey unveils three Deal of the Year winners, plus finalists for office category

NAIOP New Jersey has announced three Deal of the Year winners ahead of its popular spring gala, with plans to reveal a fourth to the hundreds who will be on hand for the May 14 event.

Residential & Mixed Use

ICON closes $7.5 million sale of 58-unit Newark apartment building

An investor has sold a 58-unit apartment building in Newark’s Weequahic section for $7.5 million, brokers with ICON Real Estate Advisors announced Monday.

Health Care

Kushner, KABR eye new-look health care hub at Journal Square building with Clinical Group as its leasing team

Kushner and KABR Group have picked The Clinical Group as their leasing team for a well-known 111,000-square-foot office building in the heart of Jersey City’s Journal Square district.

Retail

Azarian: Stretch Zone leases 1,500 sq. ft. to expand fitness lineup at Livingston Town Center

A new fitness user is coming to Livingston Town Center after taking more than 1,500 square feet at the two-story shopping center, according to a leasing team with Azarian Realty Co.

Office

New Jersey office market gains traction in Q1 amid Class A leasing, shrinking supply

Demand for high-end office space in New Jersey is going strong, providing added momentum as developers continue to raze obsolete buildings to make way for higher and better uses.

Professional Services

Babineau named senior counsel, special projects, in new role with Wilentz

Esteemed real estate and redevelopment attorney Anne Babineau has a new role with Wilentz Goldman & Spitzer PA, one that will allow her to bring her expertise to a select group of clients and projects where the impact will be the greatest.

Industrial

Eight-acre low-coverage industrial site in Somerville trades for $14.8 million, BCREG says

Private investors have acquired an eight-acre low-coverage industrial property in Somerville for nearly $14.8 million, in a deal arranged by The Boniakowski Commercial Real Estate Group.