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.

Addressing affordable housing: Government leaders must adapt

After multiple Supreme Court decisions over 50 years, the creation of the Council on Affordable Housing and its subsequent power stripping by the Supreme Court in 2015, over 60,000 units of affordable housing have been created. So, does that mean that the battle over affordable housing in New Jersey is over? Nothing could be further from the truth.

Morris County industrial building trades for $5.65 million

An investment firm has acquired a nearly 50,000-square-foot industrial building in Randolph, under a newly announced transaction by Team Resources Inc.

C&W touts flurry of restaurant leases in North Jersey, metro New York

More than a dozen dining operators have combined to lease 37,000 square feet in and around northern New Jersey, in a series of deals arranged by Cushman & Wakefield.

Gebroe-Hammer honors broker in $75 million, 487-unit portfolio sale

A broker with Gebroe-Hammer Associates has won a top honor from the firm in connection with last year’s $75 million sale of a 487-unit, 18-building portfolio in Hudson and Bergen counties.

SJP acquires, details plan to transform Woodbridge office building

SJP Properties has acquired a 270,000-square-foot office building in Woodbridge, where it’s now planning an extensive renovation aimed at creating an environment for high-end tenants.

Final phase of Camden redevelopment project underway, HMFA says

The Michaels Organization has broken ground on 58 apartments in Camden, the final piece of a project to redevelop a former public housing complex in partnership with state officials.

Blau & Berg inks sale of 1,000 sq. ft. Montclair office property

An investor has acquired a 1,000-square-foot office building in Montclair, in a newly announced transaction by The Blau & Berg Co.

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Pennsauken industrial building, storage lot sell for $1 million

A trucking and logistics firm has acquired more than 4,000 square feet of industrial space and three adjacent acres in Pennsauken, in a transaction arranged by Markeim Chalmers Inc.

Jersey City condo tower starts strong in 2020, recording 21 contracts

After a robust end to 2019, the developer of a luxury condominium tower along the Hudson waterfront has carried that momentum into the new year.