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

NJPAC taps Lizura to lead development efforts in Newark

Tim Lizura, a former longtime top executive with the state Economic Development Authority, has joined the New Jersey Performing Arts Center to oversee the development of the land around the downtown Newark venue.

Residential & Mixed Use

CIS details new 100-unit senior housing project in Atlantic County

Community Investment Strategies has broken ground on a new 100-unit, age-restricted affordable housing complex in Galloway, the developer announced last week.

People

PS&S strengthens design, engineering platform with four new hires

John Sartor, CEO and president of PS&S By Joshua Burd PS&S has announced four new hires, including a new head of its building services group and three additions to its land services team. The Warren-based architecture, engineering and environmental consulting…

Health Care & Education

WCRE touts 4,200 sq. ft. medical office lease in Cherry Hill

A health care services company has leased more than 4,000 square feet at a medical office building in Cherry Hill, under a deal arranged by Wolf Commercial Real Estate.

Office

Tenants wanted for 20,000 sq. ft. Morristown office building

The new owner of a 20,000-square-foot office building in downtown Morristown has hired Transwestern as its leasing agent.

Industrial

Logistics firm takes 526,000 sq. ft. in South Brunswick, Lee & Associates says

A multinational logistics firm has leased more than 500,000 square feet at a Prologis-owned building in South Brunswick, in a newly announced transaction by Lee & Associates.

Panepinto donates $10 million to Saint Peter’s, its largest-ever gift

Developer Joseph A. Panepinto has donated $10 million to Saint Peter’s University, marking the largest-ever philanthropic gift to the Jersey City school in its nearly 150-year history.

Government & Public Policy

EDA to launch municipal planning grant program for ailing office, retail buildings

The state has taken a new step to support municipalities seeking to tackle the issue of vacant or underused commercial and retail properties in their towns, under a new planning grant program announced Thursday by the Economic Development Authority.

Professional Services

Brennan leaves Colliers, joins CBRE in New York

Commercial real estate executive Kimberly Brennan has joined CBRE’s New York leadership team, following more than three and half years with Colliers International.

Industrial

HFF: Newark industrial parcel sells for $8.2 million

A developer has paid more than $8 million for a 4.5-acre parcel near Newark Liberty International Airport, where it now plans to build an 80,000-square-foot industrial building.