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.

Office
Nonprofit for rescue animals hopes to acquire Hackensack building, create innovation center

A nonprofit focused on improving the lives of rescue animals is hoping to turn a Hackensack building into a global innovation center, a plan that will be on display this weekend as the organization hosts donors and other supporters at the Route 17 property.

Office
Global pharma firm inks 117,000 sq. ft. lease in Bridgewater

A pharmaceutical company has leased 117,000 square feet at a Bridgewater office building, whose owner is planning a major renovation to transform and modernize the property.

Residential & Mixed Use
Developer details plans for 598-unit Jersey City rental project

A development group is moving forward with plans to build nearly 600 luxury apartments on Jersey City’s west side, following its purchase last month of a shuttered manufacturing complex.

Office
SJP: Jet.com expands (again) in Hoboken with 42,000 sq. ft. lease

SJP Properties and Jet.com have signed another expansion at the Waterfront Corporate Center complex in Hoboken, where the e-commerce firm now occupies more than 200,000 square feet.

Top News
Rutgers reveals latest group of advisers, emerging leaders for real estate program

The Center for Real Estate at Rutgers Business School has unveiled this year’s group of board members and industry leaders that will guide the program and its students.

Industrial
Prologis, pet products company ink 112,000 sq. ft. Meadowlands lease

A pet retailer is moving within the Meadowlands as part of a new 112,000-square-foot lease with Prologis, in a deal announced Monday by Team Resources Inc.

Professional Services
GH&C adds to real estate group with another hire

Giordano, Halleran & Ciesla has made another addition to its commercial real estate practice.

Features
Stockton campus brings new life to Atlantic City neighborhood, in a sign of things to come

Stockton University’s new campus in Atlantic City has come to life after more than two years of anticipation — and stakeholders say it’s just the beginning of what they hope to be a larger transformation in Atlantic City.

Residential & Mixed Use
Walters completes 88-unit affordable community in Jackson

Walters Group has opened the doors to a new 88-unit, income-restricted rental community in Jackson.

Finance & Capital Markets
Procida fund tops $500 million in loan originations

A fund operated by Procida Funding has surpassed $500 million in loan originations, following the recent closing of a $38 million loan for a higher education project.