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.

The Rundown
Developer asks judge to throw out lawsuit over Jersey City tower

By Real Estate NJ A lawsuit tied a dispute over defunct freight lines has threatened to derail the development of a 35-story residential tower in downtown Jersey City. A report Monday by The Jersey Journal said the developers of the…

Top News
NJCU, developers set to reshape Jersey City’s west side

The west side of Jersey City is poised for a major transformation, thanks to a set of development projects that are planned for more than 20 acres around New Jersey City University.

Office
Verizon expands to 200K sq.ft. at Eastman building in Livingston

Verizon Communications has renewed its lease and added to its already large footprint at a Livingston office complex.

Finance & Capital Markets
Sica: NJCU project has ‘everything to offer’

In today’s “ecosystem of real estate in New Jersey,” Jeff Sica knows that good opportunities are hard to find when it comes to mixed-use, transit-centric projects that feed off of New York City.

Office
NAI Hanson orchestrates trade of Paterson commercial complex

Two office buildings and a nearby lot in Paterson have changed hands after a sale brokered by NAI James E. Hanson.

The Rundown
State Supreme Court takes up latest affordable housing case

New Jersey’s decades-long battle over affordable housing policy is heading back to the state Supreme Court, which has opted to hear an appeal for the latest dispute over how those obligations are calculated for local governments.

Office
Co-working space coming to 2 Gateway in Newark

The owners of 2 Gateway Center in Newark have carved out a new 2,000-square-foot co-working space, part of an effort to bring a diverse mix of uses to its bustling concourse.

Office
Normandy, Yeager tout new leases at Summit office building

Developers have brought an office building in downtown Summit to full occupancy within a year of acquiring and starting renovations on the 128,000-square-foot property.

Retail
Veteran retail broker Nicholson joins R.J. Brunelli sales team

R.J. Brunelli & Co. LLC has hired Peter Nicholson as a senior sales associate.

Office
Cushman & Wakefield brokers $5.7M office sale in Montvale

A major accounting firm plans to renovate a 60,000-square-foot office building in Montvale after acquiring the property for $5.7 million, Cushman & Wakefield said.