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.

Developers launch residential construction at mixed-use Elizabeth project

A developer has broken ground on the latest piece of a mixed-use project in Elizabeth, where it plans to build nearly 50 new homes at the former site of vacant brownfield property.

Hamilton flex portfolio trades for $19.5 million, Colliers says

A two-building, 120,000-square-foot flex portfolio in Hamilton has changed hands for $19.5 million, under a transaction arranged by Colliers International.

Pharma firms, delivery startup among latest targets in EDA tax credit review

The state Economic Development Authority is seeking information from another three companies that were awarded tax credits under its embattled incentive programs, amid ongoing scrutiny of the volume of awards and job pledged by the recipients.

Team Resources inks 79,000 sq. ft. renewal by furniture rental business in Secaucus

A furniture rental business has renewed its 79,000-square-foot lease at a Secaucus industrial building, in one of three newly announced transactions by Team Resources Inc.

Prism announces refi at Parsippany office building

Prism Capital Partners has refinanced a 206,000-square-foot office building in Parsippany, touting the transaction as another milestone for the firm’s original investment property.

NAIOP panelists tout lessons learned amid updates to environmental cleanup program

Technical changes to the 10-year-old Site Remediation Reform Act incorporate many lessons learned since the law was originally enacted, industry insiders said last week, as a bill that would update the program now awaits a decision by Gov. Phil Murphy.

Developers of 421-unit Bogota project land $60 million construction loan

A development team is moving forward with a new 421-unit luxury apartment project in Bogota with the help of a newly announced, $60 million loan arranged by Cushman & Wakefield.

H Mart food market, eatery coming to American Dream

Asian-American grocery chain H Mart is coming to the American Dream, the latest high-profile addition to the retail and culinary offerings at the sprawling Meadowlands project.

CBRE inks sale of 188,000 sq. ft. light industrial portfolio near I-295

A regional owner and operator has sold a two-building, 187,569-square-foot industrial portfolio in Moorestown, under a transaction arranged by brokers with CBRE.

Sanzari names general manager for 50-acre Glenpointe campus in Teaneck

Alfred Sanzari Enterprises has named a new general manager for Glenpointe, its flagship office and hotel campus in Teaneck.