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.

Extell launches leasing at new 151-unit Barnegat project

A developer has unveiled 151 age-restricted apartments at a mixed-use project in Barnegat, where it has also begun to welcome new retailers.

Marcus: Montclair apartments trade for nearly $1.7 million

Two apartment buildings with a combined 12 units have changed hands in Montclair, following a transaction brokered by Marcus & Millichap.

Growing fiscal problems demand action

Business as usual is just not possible anymore. New Jersey’s underperforming economy, bloated public sector spending and rising cost of living, along with Congress’s decision to reduce the state and local tax deduction, are forcing our collective hands to do better. There is no better place to start than at home in our local municipalities and school districts, where consolidations and sharing of services can produce both real financial savings and better outcomes. Simultaneously, state and county governments need to do likewise. Taxpaying businesses and residents deserve accountability, and this may require audits of how and where every dollar of taxpayer money is being spent.

Panel: Bergen County remains a retail hotbed — and a proving ground for a changing industry

Even in Bergen County — the home of the highest-grossing retail ZIP code in the U.S. — owners and operators are in a race to evolve and face no shortage of challenges.

Murphy details plans to revamp Grow New Jersey, ERG programs

Amid his sweeping plan to spur a new wave of innovation in the state’s economy, Gov. Phil Murphy has offered a glimpse at what could come of the incentive programs that have helped bolster New Jersey’s commercial real estate market in recent years.

NKF: New Jersey office leasing hits two-year high for absorption

New Jersey’s office market is riding high from a series of blockbuster leases over the summer, recording its highest quarterly increase in net absorption in two years.

CBRE inks $34.25 million office sale in Secaucus

A joint venture has sold a 192,000-square-foot office building in Secaucus, in a $34.25 million sale arranged by brokers with CBRE.

Building service firm relocates, leases 22,000 sq. ft. in Fairfield

A service contractor is moving its operations to a new 22,000-square-foot building in Fairfield, following a deal arranged by Charity Realty International.

Sale of former Merck campus in Whitehouse Station complete, UNICOM says

A California-based IT services firm has closed on its purchase of the former Merck & Co. headquarters campus in Readington, where it now plans to establish a regional headquarters.

Garibaldi plans rebrand, expanded focus as it marks its centennial

As The Garibaldi Group prepares for its 100-year anniversary, the firm is making a push to recast itself and expand the services it provides to the commercial real estate industry — including a major rebrand that it will unveil this fall, new strategic hires and a continued push into the tech sector, one that was largely sparked by its experience at Bell Works.