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.

Redevelopment of ‘white elephant’ in Parsippany is moving ahead, anchored by plans for downtown-style shopping and dining

Four years after acquiring a defunct office complex in Parsippany, Stanbery Development Co. is on a clearer path toward fulfilling its plans for a high-end, downtown-style destination at the 17-acre site, which includes about five acres in neighboring Hanover. Known as The District at 1515, the project calls for 100,000 square feet of retail space, 441 residential units and a hotel.

CBRE: Passaic rental complex trades for $13.1 million

A 101-unit garden apartment complex in Passaic has changed hands for more than $13 million, under a newly announced transaction by CBRE.

American Dream now slated for fall opening, Triple Five says

The massive American Dream project in East Rutherford has a new opening date, with plans now calling for a fall debut for the long-awaited retail and entertainment complex.

C&W named property manager at historic Newark office tower

Seeking to rebrand and reposition a well-known office tower in Newark, a landlord has tapped Cushman & Wakefield as its property manager at the 592,000-square-foot building.

Atlantic inks sale of 32,000 sq. ft. industrial building in Branchburg

A woodwork and furniture business has acquired a 32,120-square-foot industrial building in Branchburg, under a $3.15 million sale arranged by Atlantic Real Estate Services.

Kearny Point access road slated for ‘complete green street’ redevelopment

The main access road into the sprawling, distinctive Kearny Point development is slated to become significantly greener and more welcoming to pedestrians and cyclists, thanks to a new $3 million federal grant that was awarded to its host municipality.

Kimmerle honored for design of biotech firm’s HQ in Jersey City

A leading New Jersey business organization has recognized Kimmerle Newman Architects for its design of a biotech firm’s new headquarters in downtown Jersey City.

Capodagli debuts apartment building, diner concept in Hackensack

Capodagli Property Co. has taken the wraps off a new 106-unit residential building in Hackensack, where it’s also touting the debut of a restaurant concept that will be part of its growing hospitality platform.

Audible unveils 80,000 sq. ft. ‘innovation cathedral’ at historic Newark church

Audible has completed its restoration of a historic church in downtown Newark, debuting a new 80,000-square-foot office and innovation space as part of its growing footprint in the city.

Progress inks $34 million loan for Newark office building

The owners of a 200,000-square-foot office building in downtown Newark have secured $34 million in financing, under a newly announced transaction by Progress Capital.