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
With continued growth, GZA expands again in Fairfield

GZA GeoEnvironmental Inc. has expanded its footprint in Fairfield for the second time in four years, thanks to organic growth and two recent acquisitions.

Photos
SLIDESHOW: NAIOP New Jersey’s 31st commercial real estate awards

NAIOP New Jersey’s annual commercial real estate awards, the state’s largest industry event of the year, drew a sellout crowd of more than 800 to The Palace at Somerset Park on May 10.

Industrial
NAI Hanson inks three renewals at Englewood business park

Three tenants have renewed their leases at an Englewood business park, according to brokers with NAI James E. Hanson who arranged the deals.

Government & Public Policy
Liquor license reform bill clears Assembly committee

A bill that would expand New Jersey’s pool of liquor licenses, widely seen as a potential catalyst for economic development, has taken a key step forward in the state Legislature.

Industrial
Elberon: New deals bring Elizabeth building to 100 percent leased

Elberon Development Group has signed two new leases at a 115,000-square-foot warehouse in Elizabeth, including a deal with a foot care business that is relocating from Brooklyn.

Office
Princeton-area office park sells for $5.2 million, CPN says

An investment group has acquired a 100,000-square-foot office park in West Windsor for $5.2 million, in a deal announced Thursday by Commercial Property Network Inc.

Professional Services
Dewberry promotions include 12 in Bloomfield, Parsippany offices

Dewberry has promoted a dozen employees in its New Jersey offices as part of more than 80 promotions announced Thursday by the professional services firm.

Retail
Gourmet market, deli leases 5,000 sq. ft. for second Jersey City location

A gourmet community market and deli will join the retail mix at the growing Jersey City neighborhood known as SoHo West, where it has leased 5,000 square feet.

Health Care & Education
Hollister kicks off Newark hospital rehab, arts hub for nonprofit (SLIDESHOW)

A nonprofit focused on education through glassmaking will anchor a historic hospital building in Newark that is now being restored as a creative hub for arts and sciences.

Roundtable
How is technology changing construction — or creating new development opportunities?

How is technology changing construction — or creating new development opportunities? We assembled a panel of industry experts to tackle this month’s question.