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.

Investment firm continues push into New Jersey suburbs, eyes return to high-end office buildings

With nearly a dozen acquisitions and more than $750 million in combined investment — all since spring 2018 — The Birch Group is exceedingly bullish on northern New Jersey’s office market and the expected return to work in top-tier locations.

G.S. Wilcox inks $30 million loan package for South Brunswick industrial owner

The owner of a two-building, 449,000-square-foot industrial portfolio in South Brunswick has secured nearly $30 million in financing, in a transaction arranged by G.S. Wilcox & Co.

JLL named leasing agent at five-story, 216,000 sq. ft. office building in Union

A joint venture has tapped JLL as its leasing agent at a 216,000-square-foot office building adjacent to Kean University in Union Township.

Hunterdon industrial property trades for $1.2 million, Charity Realty says

An investor has acquired a nearly five-acre industrial property in Hunterdon County, under a newly announced transaction by Charity Realty International.

Jersey City rental building 75 percent leased, welcomes first residents

An apartment building on Jersey City’s west side has welcomed its first residents, as its developers look ahead to the completion of leasing at the 145-unit property.

EDA to start accepting applications for new jobs-based incentives program

The state Economic Development Authority is set to begin accepting applications for a long-awaited new incentive program, following the adoption of short-term rules for the subsidies.

CREW NJ president touts growth of programs, membership amid COVID challenges

Six months into her term as president of Commercial Real Estate of New Jersey, a Newark-based attorney is helping to guide it through the second year of the pandemic and what it hopes will be a continued economic recovery, plus new networking and business development opportunities.

Team Resources inks 98,000 sq. ft. in Bergen County industrial deals

A furniture wholesaler has leased nearly 39,000 square feet of industrial space in Bergen County, in the largest of several newly announced deals by Team Resources Inc.

Tulfra launches on-site upgrades, landscaping at Rochelle Park redevelopment site

Tulfra Real Estate has kicked off a series of improvements at a development site in Rochelle Park, part of a mixed-use project that will revive a former AT&T data facility.

Dermatologist takes 7,100 sq. ft. in Ramsey, NAI Hanson says

A dermatology practice is moving inside Bergen County after leasing more than 7,000 square feet of medical office space in Ramsey, according to brokers with NAI James E. Hanson.