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.

Residential & Mixed Use
Developers unveil 236-unit rental complex in Weehawken’s Lincoln Harbor

The Maxal Group and Hartz Mountain Industries will soon open the doors to their new 236-unit luxury apartment building at the edge of the Hudson River in Weehawken.

Residential & Mixed Use
Lease-up nearly complete at 153-unit Jersey City building, Fields says

One of Jersey City’s newest residential buildings is nearly fully leased after just five months, amid continued demand for high-end apartments along the Hudson waterfront.

Office
Sheldon Gross touts new leases, renewals at West Orange office building

The owner of a 100,000-square-foot office building in West Orange has inked three new leases and seven renewals in recent months, under a series of deals by Sheldon Gross Realty.

Office
Prism offers new details for lab, hotel projects at ON3 (RENDERINGS)

A pipeline of new ground-up construction projects is taking shape at Prism Capital Partners’ ON3 campus in Nutley and Clifton, including some 400,000 square feet of laboratory space, a new medical office building and a dual-branded 255-room hotel.

Health Care & Education
CHA acquires Salem hospital, plans $30 million upgrade

Community Healthcare Associates has acquired a hospital in Salem County, with plans to invest more than $30 million to reposition, modernize and expand the acute care facility.

Retail
JLL inks sale of 81,000 sq. ft. retail center in South Brunswick

An investment firm has acquired a nearly 81,000-square-foot shopping center along Route 1 in Middlesex County, brokers with JLL announced Tuesday.

Office
KBS inks 17,900 sq. ft. in leasing at Woodbridge office complex

Four tenants have signed leases at a six-building office complex in Woodbridge, where KBS is in the midst of a series of upgrades.

Industrial
Megaprojects: Klatskin, Milanaik detail two of New Jersey’s largest industrial developments

A pair of top industrial developers offered a glimpse at two of New Jersey’s largest warehouse and logistics projects, detailing plans that would add nearly 7 million square feet across two coveted submarkets.

Residential & Mixed Use
Redwood: Multifamily trades in Middlesex, Sussex total $22.5 million

A new 80-unit, age-restricted rental property in Sayreville has changed hands for $13 million, in one of two recent multifamily transactions by Redwood Realty Advisors.

Top News
Tulfra, Hampshire tout start of construction at mixed-use project in Belleville

Tulfra Real Estate and The Hampshire Cos. are nearing completion of the first piece of a 500,000-square-foot, mixed-use development at a former Roche Diagnostics site in Belleville.