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

Russo, Dinallo debut loft-style rentals at historic Verona flag factory

Russo Development and Dinallo Construction Corp. have completed their rehabilitation of a onetime flag factory in Verona, delivering 52 new loft-style apartments alongside a newly built, 60-unit sister building next door.

Capital, rising rents and motivated investors lead to favorable CRE outlook

Recent surveys show support for the notion that the fundamentals underpinning commercial real estate will be stronger in 12 months than they are today. This is thanks in part to the belief that rents will rise and the idea that the benefits of the new federal tax law, including the Opportunity Zone program, will bring capital off of the sidelines.

Professional Services

Engineering firm adds two key execs in New Jersey

A Woodcliff Lake-based engineering firm has expanded its leadership team with two new hires.

Residential & Mixed Use

Plainfield multifamily transactions total $17.3 million, Gebroe-Hammer says

Investors have paid a combined $17.3 million for 124 residential units in Plainfield, in series of newly announced transactions by Gebroe-Hammer Associates.

NKF: Office upgrades yielding quantifiable benefits in occupancy, rent growth in New Jersey

Landlords that have renovated and refreshed New Jersey’s aging office stock can now point to the benefits, with a new report showing significantly stronger absorption and rent growth at upgraded buildings.

Quest details plans for 250,000 sq. ft. ‘flagship’ lab project in Clifton

Quest Diagnostics has taken the wraps off its plans at the ON3 campus in Nutley and Clifton, where it will build a 250,000-square-foot flagship laboratory facility that will become the largest in its portfolio.

Professional Services

Former development executive joins Hollister

Hollister Construction Services has added a new project executive to oversee its growing residential pipeline in the region.

Camden County retail site trades for $5 million, Marcus says

A private investor has acquired a two-tenant retail pad site in Sicklerville, in a $5 million transaction arranged by Marcus & Millichap.

Hampshire sells revamped Totowa industrial building for $51 million, HFF says

The Hampshire Cos. has sold a newly delivered industrial complex in Totowa for $51 million, brokers with HFF announced Tuesday, following a project that called for retrofitting and expanding a former life sciences building off Route 46.

Residential & Mixed Use

C&W: Sale of factory site clears way for next rental project in Kearny

Russo Development has completed its acquisition of a former industrial site in Kearny that will allow it to extend its multifamily pipeline in the town, brokers with Cushman & Wakefield said.