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.

T&M bolsters board with Higgs, Atlanta Beltline CEO and expert in public-private projects

T&M Associates, the Middletown-based professional services firm, has welcomed Clyde Higgs of Atlanta Beltline Inc. to its board of directors.

Resource Realty inks 312,000 sq. ft. lease at new Brookfield warehouse in Orange County

Brookfield Properties has leased up more than 312,000 square feet of new industrial space in New York’s Orange County, in a deal arranged by Resource Realty of Northern New Jersey.

McKinsey unveils new office in Newark after high-profile move to Edison’s Ironside building

McKinsey & Co. has opened the doors to its new office in Newark, where it will house some 700 employees after a high-profile move to the landmark Ironside Newark property.

Owners Council Q&A: Katie Kurtz

In many property types, the market remains at somewhat of a standstill, with the high cost of capital making desired return metrics hard to hit. However, the strength of the multifamily and industrial sectors allows smart investors to transact. The promise of further rate cuts does bring reasons for optimism. Predicting the exact industry response is challenging though, as it will take time for the market to adjust to the new rates and benchmarks before transaction volume picks up.

Jeffrey, Christopher Otteau sell interests in Hudson Atlantic Realty after firm’s 2021 founding

Jeffrey Otteau and Christopher Otteau of Otteau Group Inc. have sold their stakes in Hudson Atlantic Realty Advisors, a commercial real estate brokerage they helped found in 2021.   

REDCOM breaks ground on 42-unit multifamily project in Scotch Plains

More than 40 new apartments are coming to Scotch Plains as part of a project that’s now underway by REDCOM Design & Construction.

Newmark Associates adds Sica as vice president

Longtime commercial real estate broker John Sica has joined Newmark Associates as a vice president, the Morris County-based firm announced Monday.

NAIDB gives back with annual Friendsgiving, donations to Elijah’s Promise in New Brunswick

NAI DiLeo-Bram & Co. has continued its long history of community outreach with several initiatives this season, including its support of a well-known nonprofit in New Brunswick.

BRC touts flurry of out-of-state deals on behalf of New Jersey industrial clients

A cabinetry firm based in New Jersey has acquired a more than 89,000-square-foot industrial building in Las Vegas, in one of several new out-of-state deals by Bussel Realty Corp.

Trump picks longtime construction, project executive Walsh as ambassador to Ireland

President-elect Donald Trump has named Ed Walsh, a veteran construction executive and well-known figure in New Jersey commercial real estate, as the next U.S. ambassador to Ireland.