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.

Retail
Developer completes fourth adaptive reuse project in Paterson

Paramount Assets has completed its adaptive reuse of a historic property in Paterson, debuting renovated street-level retail and new apartments at what had been warehouse space.

Residential & Mixed Use
Walters: 91-unit Seaside Heights project on track to open in early 2019

A new 91-unit apartment building in Seaside Heights is set to open in less than a year, developer Walters Group said, as construction continues on the age- and income-restricted project.

Retail
JLL: Mini-burger chain among three retail leases in downtown New Brunswick

A mini-burger chain has committed to its first New Jersey location in New Brunswick, in one of three retail leases in the city announced by JLL.

Retail
LMC: Body sculpting business opens 1,550 sq. ft. Paramus store

A new medical tenant has opened its doors in Paramus, taking the last available space at a 261,300-square-foot shopping center on Route 4.

Photos
CBRE roundtable tackles impact of big data on commercial real estate

CBRE recently hosted a roundtable discussion at its Saddle Brook office to address how big data is impacting commercial real estate.

Industrial
I.CON panel: Same-day delivery pushing tenants beyond North Jersey, into NYC boroughs

Retailers and other industrial tenants have long counted on northern New Jersey as a hub for distribution into New York City, but the need for same-day and even two-hour delivery has pushed developers to make big bets in the outer boroughs.

Government & Public Policy
Big-name companies in finance, pharma on EDA agenda for incentives

E-Trade Financial Corp. and Teva Pharmaceuticals have applied for more than $60 million in combined tax credits for proposals in Jersey City and Parsippany, respectively, with the state Economic Development Authority slated to consider their applications on Tuesday.

Office
Biopharma firm moving U.S. headquarters out of New Jersey

French biopharmaceutical firm Ipsen is moving its U.S headquarters out of New Jersey and into Massachusetts, although it said it still plans to maintain a presence in the Garden State.

Industrial
I.CON wrap-up: Opportunity remains for industrial in New Jersey, nationally

As New Jersey has shown, the industrial sector has become the new darling of commercial real estate in recent years. That was all too clear from the sold-out crowd of more than 850 development executives and other key players who descended on this year’s I.CON event in Jersey City.

Office
Denholtz inks 15,900 sq. ft. renewal in Hamilton

A design and consulting firm has renewed its nearly 16,000-square-foot lease at a Hamilton office building, property owner Denholtz Associates said last week.