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.

Residential & Mixed Use
Ruling on poor workmanship gives certainty to contractors

There is no shortage of pitfalls that developers and general contractors can face in New Jersey, but it looks as though one longtime source of angst may be gone for good. Late this summer, the state Supreme Court ruled that faulty work by subcontractors can be covered under a general contractor’s insurance policy.

People
Bergman hires CRE industry veteran in asset management role

David Iacobucci has joined Bergman Real Estate Group as a senior investment manager, the real estate investment and management firm announced Monday.

The Rundown
Report: Retail vacancy ticks up in northern N.J.

The struggles of big-box stores such as Sports Authority have led to a rare increase in summertime retail vacancy in northern and central New Jersey, according to a recent report.

Industrial
Logistics firm leases 42K sq. ft. in South Brunswick

A logistics firm has a new home at a South Brunswick industrial building after a lease arranged by Bussel Realty Corp., the real estate services firm said Monday.

Office
Sale of MetLife building caps off revival of former Lucent campus

Fresh off the opening of MetLife Investments’ gleaming new headquarters in Hanover, the state-of-the-art office building has a new owner. For the sellers of the 185,000-square-foot property, it’s the conclusion to one of New Jersey’s biggest redevelopment stories in recent years.

People
Leading N.J. land use attorney Gonchar joining Sills Cummis

Meryl Gonchar, a veteran and well-known land use attorney in New Jersey, has a new home at one of the state’s powerhouse law firms.

Industrial
NAI DiLeo-Bram & Co. brokers industrial sales totaling $14M

A pair of Central Jersey commercial buildings have changed hands after transactions brokered by NAI DiLeo-Bram & Co., the firm announced.

Retail
Sports training center finds space in Cherry Hill

A new sports training facility has leased 20,240 square feet at a Cherry Hill retail property, Wolf Commercial Real Estate announced.

Office
Reinventing J.C. waterfront is key to office leasing, panel says

Demand for Class A office space is surging along the Hudson waterfront. But commercial landlords in Jersey City are anything but satisfied.

Residential & Mixed Use
Developers break ground on Cherry Hill rental project

A new upscale rental community is coming to Cherry Hill under a long-awaited project by developers Sterling Properties and Bob Dale.