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.

Policy Page
Trifecta of sweet spots: Urban revival, suburban makeovers and industrial boom

Commercial real estate developers and their professionals are a tough breed of entrepreneurs who thrive on thinking outside the box. My recent observation of presentations to the judges for NAIOP’s Deal of the Year awards (to be announced at the May 16 Gala), confirmed the latent creativity and tireless work ethic in this business — a business that is, in reality, all about hospitality and human resources as developers and brokers focus on creating amenity-rich spaces to compete for tenants and the modern workforce.

Professional Services
McLaren Engineering names new president

McLaren Engineering Group has named a new president to oversee the firm alongside its founder and longtime chief executive.

Retail
Vantage RES touts new retail leases in Voorhees

Two retailers have inked new leases at a Voorhees shopping center, under a set of newly announced transactions by Vantage Real Estate Services.

Residential & Mixed Use
High-end rental project in North Bergen debuts amenity spaces (SLIDESHOW)

A developer has unveiled the newly completed amenities at a 320-unit, luxury apartment complex along the Hudson River in North Bergen, its first New Jersey project.

Industrial
Colony acquires Mahwah industrial building, seals North Jersey portfolio deal

Colony Capital Inc. has closed on its acquisition of a newly built, 271,176-square-foot distribution center in Mahwah, completing an 11-building portfolio sale that began last spring.

Office
Bergen County acquires 34,000 sq. ft. Hackensack office building

The longtime owner of a 34,000-square-foot office building in Hackensack has sold the property to one of its tenants, the Bergen County government, under a deal arranged by NAI James E. Hanson.

Retail
C&W: Retail center inks leases with fitness, burger chains

An Elmwood Park shopping center is now fully leased after recent deals with a fitness operator and a national burger chain, brokers with Cushman & Wakefield said Tuesday.

Professional Services
NAI Mertz names executive VP, managing director

NAI Mertz has deepened its bench with a longtime commercial real estate executive, who will help oversee its four offices in South Jersey and eastern Pennsylvania.

Events
New Jersey Future unveils smart growth award winners for 2019

New Jersey Future has announced the winners of its 2019 Smart Growth Awards, a group that includes adaptive reuse projects in four of the state’s major cities.

Professional Services
Law firm seeks to showcase private lender practice

An area law firm has launched a new website seeking to shine a light on its private lender law practice.