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.

DeMarco, Pozycki see a corporate anchor as the next step for Jersey City waterfront

The sweepstakes for Amazon’s second headquarters had ended just a few hours earlier, but Mike DeMarco invoked the name of another technology giant with an outsized footprint. With less fanfare, comparatively speaking, Google in recent years has steadily grown its presence across Manhattan’s West Side, energizing neighborhoods such as Chelsea and the Meatpacking District. And published reports say the company is preparing for another major expansion that would push its portfolio in the city beyond 6 million square feet.

It’s the kind of story that Jersey City can only hope for. DeMarco doesn’t think it’s so far-fetched, given all the city has to offer.

WRE: Brooklyn publisher set to buy Rahway building, expand into New Jersey

A large Brooklyn-based publishing company is expanding into New Jersey with the planned acquisition of a 256,000-square-foot building in Rahway, thanks in large part to a 10-year, $8.25 million tax credit package from the state Economic Development Authority.

RIPCO adds former Hartz executive in New Jersey

A longtime executive with Hartz Mountain Industries has joined RIPCO Real Estate as part of its New Jersey brokerage team.

LMC: Massage, spa chain takes 3,000 sq. ft. in Bridgewater

A national massage chain is among the newest tenants at a Bridgewater shopping center, leasing nearly 3,000 square feet at the 219,000-square-foot property.

Developer set to unveil 69-unit luxury rental project in downtown Somerville

A developer is nearing completion of a new upscale rental building in downtown Somerville, the latest among several projects that are slated for the Somerset County borough.

Denholtz, MB1 sell L’Oréal R&D headquarters complex for $16 million

Denholtz Associates has sold the 108,000-square-foot headquarters of L’Oréal’s North American R&D division in Clark, in a nearly $16 million deal arranged by Newmark Knight Frank.

MDC, Bukiet sell Clark office building for $10.5 million

A joint venture has sold an office building in Clark after three years of ownership, fetching more than $10.5 million for the recently upgraded, 76,000-square-foot property.

EDA: Delivery startup weighing 300,000 sq. ft. facility in South Jersey

State officials have offered a 10-year, $39 million tax credit package to encourage an online delivery startup to open a nearly 300,000-square-foot facility in Gloucester County.

TD Bank closes $6 million loan for veterans housing expansion in Somerset

TD Bank has announced a commitment to finance the expansion of a Somerset County housing community for veterans, where developers are set to nearly double the number of affordable apartments.

Media firm takes 8,000 sq. ft. in Park Ridge, NAI Hanson says

A digital marketing and publishing firm has leased 8,000 square feet at an office building in Park Ridge, under a newly announced transaction by NAI James E. Hanson.