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.

Professional Services

LMC hires new senior leasing rep

Levin Management Corp. has added to its leasing team with one of its newest hires.

Government & Public Policy

Progress, with continued uncertainty: Questions remain as affordable housing moves forward in New Jersey, stakeholders say

The state’s long-running battle over affordable housing policy is still rife with uncertainty and unanswered questions, stakeholders say, even for the roughly 200 towns that have reached settlements on how they will zone for new development.

Urban farming business joins Kearny Point, its first location outside NYC

An urban farming company plans to establish a garden center at the 130-acre campus known as Kearny Point, a former shipbuilding yard and industrial complex that is being reborn as a mixed-use business and technology hub.

Residential & Mixed Use

Developer, local officials hail opening of 212-unit Parsippany project

Mill Creek Residential is celebrating the opening of its new luxury apartment community in Parsippany, its third multifamily project in Morris County since 2015.

Finance & Capital Markets

HFF lands $10.2 million loan for Tulfra self-storage project

Brokers with HFF have secured $10.2 million in financing for a developer to build a 925-unit self-storage facility on the border of Nutley and Clifton.

Industrial

Piscataway warehouse trades for $4.1 million, BRC says

A tire company has acquired a 33,000-square-foot industrial building in Piscataway for more than $4 million, brokers with Bussel Realty Corp. said Monday.

Retail

Three more tenants commit to Bell Works retail space

A bank, a dental network and a home goods boutique have leased space at Bell Works, making them the latest retail tenants to commit to the mixed-use, 2 million-square-foot campus in Holmdel.

Photos

Newmark celebrates 30 years in business, top performers

Newmark Associates had two reasons to celebrate late last month, when it marked its 30th anniversary while honoring team members during an annual awards luncheon.

Retail

United Way luncheon presents annual Impact Award, honors Hollister founder

A high-profile redevelopment project in Newark was honored Friday before a crowd of more than 500, winning an annual award from the United Way of Northern New Jersey.

Office

LEG inks leases at Princeton, Morristown-area properties

Lincoln Equities Group has completed new leases and a renewal at properties near Princeton and Morristown, including deals with a hospital network and a major financial services organization.