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.

Residential & Mixed Use
CIS details new 100-unit senior housing project in Atlantic County

Community Investment Strategies has broken ground on a new 100-unit, age-restricted affordable housing complex in Galloway, the developer announced last week.

People
PS&S strengthens design, engineering platform with four new hires

John Sartor, CEO and president of PS&S By Joshua Burd PS&S has announced four new hires, including a new head of its building services group and three additions to its land services team. The Warren-based architecture, engineering and environmental consulting…

Health Care & Education
WCRE touts 4,200 sq. ft. medical office lease in Cherry Hill

A health care services company has leased more than 4,000 square feet at a medical office building in Cherry Hill, under a deal arranged by Wolf Commercial Real Estate.

Office
Tenants wanted for 20,000 sq. ft. Morristown office building

The new owner of a 20,000-square-foot office building in downtown Morristown has hired Transwestern as its leasing agent.

Industrial
Logistics firm takes 526,000 sq. ft. in South Brunswick, Lee & Associates says

A multinational logistics firm has leased more than 500,000 square feet at a Prologis-owned building in South Brunswick, in a newly announced transaction by Lee & Associates.

Top News
Panepinto donates $10 million to Saint Peter’s, its largest-ever gift

Developer Joseph A. Panepinto has donated $10 million to Saint Peter’s University, marking the largest-ever philanthropic gift to the Jersey City school in its nearly 150-year history.

Government & Public Policy
EDA to launch municipal planning grant program for ailing office, retail buildings

The state has taken a new step to support municipalities seeking to tackle the issue of vacant or underused commercial and retail properties in their towns, under a new planning grant program announced Thursday by the Economic Development Authority.

Professional Services
Brennan leaves Colliers, joins CBRE in New York

Commercial real estate executive Kimberly Brennan has joined CBRE’s New York leadership team, following more than three and half years with Colliers International.

Industrial
HFF: Newark industrial parcel sells for $8.2 million

A developer has paid more than $8 million for a 4.5-acre parcel near Newark Liberty International Airport, where it now plans to build an 80,000-square-foot industrial building.

Office
Montvale office building sold, slated for conversion to medical

The buyer of a 14,000-square-foot office building in Montvale plans to convert the property to medical space, following a sale arranged by NAI James E. Hanson.