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.

Hackensack seeks developer for mixed-use site

As new construction activity heats up in downtown Hackensack, the city is now seeking a developer to transform a parking lot into a mixed-use “gateway” to its central business district.

Riverfront park revival continues in Newark

Public officials and business leaders broke ground Wednesday on the next phase of a project to expand Newark’s Riverfront Park, a plan that calls for a boardwalk, walkway system and other amenities to connect the Passaic River to the city’s downtown.

Law firm expands at soon-to-be-improved office building

The longest-standing tenant at a Livingston office building has expanded its footprint within the property, Cushman & Wakefield said Wednesda

Hampshire sells retail site in upstate N.Y.

The Hampshire Cos. has sold a 10-year-old, single-tenant retail building just outside Albany, New York, the Morristown-based real estate firm said Wednesday.

Firm acquires, plans HQ at Bergen County office building

A medical communications firm has acquired an office building in Upper Saddle River that will serve as its new corporate headquarters, according to NAI James E. Hanson.

Sizing up e-commerce and its role in N.J.’s industrial sector

A series of high-profile deals, along with research by a top real estate services firm, shows that the demand from e-commerce users is overwhelming in the Garden State. And it shows no signs of abating, as online retail businesses and on-demand food services only continue to grow.

Tech developer recommits to Bridgewater office park, SJP says

Qualcomm Inc. has renewed its lease for 125,472 square feet at Somerset Corporate Center, SJP Properties’ master-planned office complex in Bridgewater, the landlord said Tuesday.

Sitex acquires ninth northern N.J. industrial property in 18 months

Sitex Group has added to its ever-growing portfolio of northern New Jersey industrial space, acquiring a 55,000-square-foot building in Moonachie.

Gebroe-Hammer touts $1.4B in deals through three quarters

Gebroe-Hammer Associates has brokered more than 100 multifamily deals totaling some $1.4 billion in value through the first three quarters of 2016, the firm announced.

Apartment high-rise in Somerset County sells for $54M

The developer of an apartment tower just outside New Brunswick has sold the building for $54 million, in a deal brokered by HFF’s New Jersey office.