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.

Professional Services
NAI Hanson treasurer marks 50 years with real estate services firm

The longtime treasurer at NAI James E. Hanson is marking her golden anniversary at the company, where she has served under three generations of family ownership.

Residential & Mixed Use
Maplewood rental community achieves WELL certification

JMF Properties has achieved a coveted certification focused on health and wellness for its new mixed-use residential and retail building in downtown Maplewood.

Retail
Net-leased Dunkin’ Donuts on Route 22 fetches $1.6 million

An investor has acquired a 1,800-square-foot Dunkin’ Donuts property in North Plainfield, in a $1.6 million sale arranged by Marcus & Millichap.

Residential & Mixed Use
Developers, property managers hail successes at recent NJAA awards

The state’s booming multifamily sector has been on display in recent weeks as developers and property managers celebrate their newest awards from the New Jersey Apartment Association.

Office
NKF: Fund makes first U.S. acquisition with $17 million office deal

An international real estate fund has made its first investment in the U.S., acquiring a Roseland office building from Normandy Real Estate Partners, in a $17.2 million deal arranged by Newmark Knight Frank.

Residential & Mixed Use
Elizabeth site slated for new residential development

A developer has closed on a former brownfield site in Elizabeth, paving the way for a mixed-use project that will include nearly 50 new homes.

Industrial
Gas supply distributor renews for 5,200 sq. ft. in Bergen County, NIA says

A specialty gas equipment and supply distributor has renewed its nearly 5,200-square-foot lease in Emerson, under a newly announced transaction by NIA National Realty.

Industrial
Hudson County industrial building fetches $2.35 million

An industrial building in North Bergen has changed hands for more than $2 million, brokerage firm William F. Connors Agency announced Monday.

Residential & Mixed Use
FirstService picks up management contract in Monmouth

FirstService Residential has added to its property management portfolio in New Jersey with a new assignment in Monmouth County.

Photos
NJAA honors top multifamily operators, service providers at annual gala

Three multifamily owners and management firms took home the top honors at the New Jersey Apartment Association’s recent Garden State Awards of Excellence gala, where the organization recognized dozens of rental communities and service providers.