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.

Government & Public Policy
Rutgers study seeks to unravel debate over rental units and school children

A new study is shedding new light on a widespread, age-old debate between developers and local governments in New Jersey: Do new apartments mean new school-age children? According to the findings, the answer depends on several key factors.

Government & Public Policy
EDA grant program fueling retail, restaurant growth in Camden

Property owners in Camden have tapped into a state program meant to spur street-level retail and service businesses, adding to the resurgence of one of the city’s main thoroughfares.

Health Care & Education
RWJBarnabas leases 115,000 sq. ft. in Oceanport, NKF says

The state’s largest hospital system is set to expand at a Monmouth County office building, following a nearly 115,000-square-foot lease arranged by Newmark Knight Frank.

Residential & Mixed Use
Roseland launches leasing at 295-unit project, its latest at Port Imperial

Roseland Residential Trust is set to unveil nearly 300 new upscale apartments in Weehawken, the latest addition to the 200-acre Port Imperial development along the Hudson River.

Residential & Mixed Use
Developer announces rebrand, growing multifamily pipeline

With a growing pipeline, a Central Jersey developer is rebranding. Quantum Real Estate Group announced Wednesday that it will now go by Forte Real Estate Development.

Industrial
CBRE: Logistics firm inks 110,000 sq. ft. lease in Kearny

A global logistics provider has leased more than 110,000 square feet at a Kearny industrial building, brokers with CBRE announced Wednesday.

Retail
C&W announces new retail broker hire

Cushman & Wakefield has added to its team of retail brokers with the hiring of a new senior associate.

Office
Walters details plans for new office building in Ocean County

Walters Homes is expanding its corporate footprint in Ocean County, with plans to open a new office building in Ship Bottom that will bring four of its divisions under one roof.

Retail
LMC named managing agent for newly sold Hudson County shopping center

Levin Management Corp. has taken over leasing and management for a Kearny shopping center, following the recent sale of the nearly 140,000-square-foot complex.

Editor’s Note
A remedy for retail

Our July cover story takes a look at the growth of medical retail and all of the nuances that come along with it. For one thing, there seems to have been a perfect storm that paved the way for this movement: Retail was hurting after the Great Recession, while the Affordable Care Act expanded the insured population and changed how health care was delivered. As you might guess, New Jersey was impacted by these forces as much as any other market.