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.

Office
Amazon eyeing locations outside Newark for HQ2, reports say

Newark appears to have fallen short in its bid to land Amazon’s coveted second headquarters, with published reports indicating that the company is leaning toward New York City and northern Virginia as part of a split location.

Events
NAIOP honors new hall of fame class, CRE industry leaders

A crowd of nearly 400 turned out Monday night as NAIOP New Jersey inducted three commercial real estate leaders into its hall of fame, while honoring a longtime state government leader and three key industry professionals.

Professional Services
JLL makes key promotion, plans to expand New Jersey property management

JLL has set out to expand and elevate its property management business in New Jersey, promoting a longtime industry professional to oversee the platform.

Retail
HFF inks sale of Ocean County retail center

A private investor has acquired a fully leased, 256,000-square-foot retail power center along Route 9 in Ocean County, brokers with HFF announced Monday.

Residential & Mixed Use
Local officials, developer debut new clubhouse at Hillsborough rental property

A developer has unveiled a new 6,500-square-foot clubhouse and outdoor amenities at a luxury apartment community in Somerset County.

Residential & Mixed Use
Jersey City details $90 million, mixed-use performing arts complex at NJCU

Officials in Jersey City have taken the wraps off plans for a new $90 million performing arts complex on the city’s west side, the latest piece of a sweeping, mixed-use redevelopment of land owned by New Jersey City University.

Policy Page
Big data: Many challenges but a wealth of next-gen jobs

The influx of “big data” can be overwhelming and complex — coming with privacy concerns and other challenges — but it provides a great opportunity to help developers and landlords improve operational efficiencies and attract and retain tenants.

Residential & Mixed Use
Sayreville apartment building sells for $1.7 million, Marcus says

A private investor has a sold a nine-unit apartment building in Sayreville for nearly $1.2 million, in a transaction brokered by Marcus & Millichap.

Retail
Burlington County bank branch changes hands

A bank has sold a nearly 3,000-square-foot branch location in Burlington County to a regional doctor network, brokers with Wolf Commercial Real Estate said Friday.

Sponsored Content
Langan knows OZs in NJ

Enacted as part of the 2017 federal Tax Cuts and Jobs Act, the Opportunity Zones program will bring development into low-income areas. While investors and developers take steps to form Qualified Opportunity Funds (QOFs), Langan is well positioned to support substantial improvement projects among the 169 tracts within 73 towns in New Jersey. In fact, because of our near half-century of providing engineering and environmental services in our state, we have the right experience and site knowledge to help maximize investments in our OZs.