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.

Health Care & Education
Tech firm takes 50,000 sq. ft. at Whippany manufacturing site, Avison Young says

A technology firm serving the life sciences sector has leased 50,000 square feet at a pharmaceutical packaging facility in Morris County, brokers with Avison Young said.

Office
Marcus touts mixed-use building sales in Bayonne

Two mixed-use properties in Bayonne have changed hands for a combined $3 million, following transactions arranged by Marcus & Millichap.

Residential & Mixed Use
Construction set to begin for 84-unit rental project in Newark

A development group is set to break ground on 84 new apartments just north of downtown Newark, a project that will revitalize a busy corner just off Interstate 280.

Professional Services
GZA announces new associate principal in Fairfield

GZA GeoEnvironmental Inc. has named a new associate principal at the environmental and geotechnical consulting firm’s northern New Jersey office in Fairfield.

Office
PHOTOS: Mack-Cali hosts open house at revamped Parsippany building

Mack-Cali Realty Corp. welcomed brokers and other industry professionals recently for an open house in Parsippany, where it showed off the types of new amenities and upgrades that are meant to transform its suburban office buildings.

Office
CBRE: Office sales poised to rebound in New Jersey, despite Q2 slowdown

A flurry of large leases provided a jolt to New Jersey’s office market in the second quarter, but the story was vastly different when it came to investment sales. Fortunately, there are signs of a rebound on the horizon.

Office
Teva, P3 Properties complete 345,000 sq. ft. lease in Parsippany, JLL says

New Jersey’s largest office lease of the year to date is official. Brokers with JLL this week announced the completion of Teva Pharmaceuticals USA Inc.’s 345,000-square-foot lease at 400 Interpace Pkwy. in Parsippany, known as MCCBLUE, under a deal with P3 Properties.

Office
SJP launches new division for third-party development, construction services

SJP Properties has announced the creation of a new division within the firm, formalizing its push to expand its third-party development and construction management business.

Retail
C&W: Hoboken, Montclair among first U.S. locations for maternity and baby clothier

A United Kingdom-based maternity and children’s clothing chain has picked New Jersey for two of its first U.S. stores, including locations in Hoboken and Montclair.

Government & Public Policy
NAIOP announces new membership, events director in New Jersey

NAIOP New Jersey has hired a new director of membership and special events.