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

Kushner’s Monmouth Mall plan gets another look

Local officials in Eatontown have approved a zoning change that would allow the Kushner Cos. to move ahead with its sweeping mixed-use redevelopment of the Monmouth Mall.

Office

MetLife Investments unveils new HQ in Hanover

MetLife Investments has opened the doors to its newly built 185,000-square-foot headquarters in Hanover.

Finance & Capital Markets

C&W: Fort Lee office building trades for $22M

A New York investor has paid $22 million to acquire a 90,000-square-foot office building in the heart of Fort Lee’s redevelopment district, Cushman & Wakefield said Wednesday.

Office

Law firms ink leases at Sanzari campus in Hackensack

Alfred Sanzari Enterprises has completed two leases at its Court Plaza complex in Hackensack, one with a longtime tenant and another with a firm that is new to the property.

Office

Normandy, OVG will redevelop Unilever HQ

Unilever is selling its 325,000-square-foot headquarters campus in Englewood Cliffs to a joint venture of OVG Real Estate and Normandy Real Estate Partners, the developers said, under a deal that calls for them to redevelop and expand the property.

Industrial

Transwestern: Rents soaring in Turnpike submarkets

Research by the firm has found that rents for warehouse and distribution space, particularly along the New Jersey Turnpike, are shattering the asking prices of landlords, as the competition among tenants becomes especially fierce.

The Rundown

Developer Blatstein bullish on Atlantic City’s future

Speaking to a crowd of fellow real estate and retail professionals, developer Bart Blatstein on Tuesday made a pitch for bringing new development and investment to Atlantic City.

Retail

‘Water life’ products retailer leases space in Woodbridge

Boating goods retailer West Marine has leased 14,650 square feet at St. Georges Crossing in Woodbridge, Levin Management said Tuesday.

Office

KPMG confirms plans for Montvale office building

Accounting giant KPMG has announced its purchase of a 60,000-square-foot office building in Montvale, along with its plans to renovate the property as part of an expansion in the area.