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.

Office
On the waterfront, Mack-Cali prepares to plant its new flag

Mack-Cali Realty Corp. is refocusing on its 4.3 million square feet of office space in Jersey City — a valuable asset that the company has vowed to focus on as it charts a course to the future.

Office
Panasonic extends, expands HQ lease in downtown Newark

Panasonic Corp. of North America has extended and renewed its lease for a total of 337.552 square feet at its three-year-old Newark headquarters.

Finance & Capital Markets
Gebroe-Hammer brokers multifamily sales in Bergen County

Brokers with Gebroe-Hammer Associates have had a busy stretch in Bergen County recently, arranging more than $70 million in multifamily investment sales.

Top News
BNE unveils new Bloomfield apartment building

BNE Real Estate Group has taken the wraps off its new 140-unit, luxury apartment building in downtown Bloomfield.

People
Avison Young hires new marketing coordinator in N.J.

Amanda M. Franko has joined Avison Young as a marketing coordinator in the company’s New Jersey office, the commercial real estate services firm said.

Residential & Mixed Use
Dranoff, Schreiber look ahead after setting the stage for NJPAC development

Stakeholders in the city are now looking ahead to a long-awaited groundbreaking for One Theater Square, a high-profile, mixed-use project that was conceived more than a decade ago. The $116 million proposal calls for a glassy, 22-story luxury apartment tower sitting atop street-level retail space, aiming to transform a 1.2-acre lot across from NJPAC.

Professional Services
iCIMS names project management firm to oversee move to Bell Works

Software provider iCIMS has picked Avison Young to spearhead project management for the company’s move into a new 200,000-square-foot office space at the Bell Works complex in Holmdel.

Professional Services
N.J. architecture group recognizes firm for 9/11 memorial design

The American Institute of Architects’ New Jersey chapter has recognized Davis Brody Bond Architects and Planners for its design of the National September 11 Memorial Museum at the World Trade Center in New York City, the association announced.

Health Care & Education
Hollister delivers new field house for Somerset County school

Hollister Construction Services has completed a new 14,400-square-foot recreational facility for Gill St. Bernard’s School in Gladstone, the construction management firm said Tuesday.

Finance & Capital Markets
Conair sells E. Windsor development site

Conair Corp. has sold a 27-acre development site alongside its headquarters in East Windsor, according to the brokerage firm that orchestrated