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
Hoboken commercial condo fetches $6.6 million

An investor has purchased a 14,000-square-foot commercial condominium in downtown Hoboken, in a nearly $6.6 million deal arranged by The Kislak Co. Inc.

Retail
Blau & Berg named leasing agent for Millburn retail space

The owner of an 11,000-square-foot retail space in downtown Millburn has hired The Blau & Berg Co. as its leasing agent.

Government & Public Policy
EDA convenes startups, investors at Founders & Funders event

Entrepreneurs from two dozen emerging technology and life sciences firms in New Jersey met face to face last week with would-be investors, as part of an event hosted by the state Economic Development Authority.

Office
Mack-Cali: New deals on the horizon for waterfront, suburbs as building overhauls continue

After a lackluster end to 2017, executives with Mack-Cali Realty Corp. say leasing activity is poised for a rebound in its Hudson waterfront and suburban office buildings.

Office
Amenities complete at revamped Meadowlands building, Bergman says

Bergman Real Estate Group has unveiled a series of new amenities at a 120,000-square-foot office building in Lyndhurst.

Government & Public Policy
Planting the seed: The time to prepare for legal cannabis is now, real estate experts say

Insiders say the prospect of legalized recreational marijuana could have substantial benefits for New Jersey’s commercial real estate market, even with a long list of risks and complexities.

Retail
Edison shopping center sells for $53 million, CBRE says

A private investor has paid $53 million for a grocery-anchored, 153,000-square-foot shopping center in Edison, according to CBRE brokers who arranged the deal.

Professional Services
NAI Hanson hires sales associate for supply chain, logistics team

NAI James E. Hanson has made another addition to its team of industrial brokers.

Office
WCRE brokers sale of Voorhees office building

A nearly 75,000-square-foot office building in Voorhees has changed hands, following a deal announced recently by Wolf Commercial Real Estate.

Residential & Mixed Use
Proposed 162-unit residential project in Bayonne clears key hurdle

A developer has won a key local approval in Bayonne for a two-building, 162-unit apartment project near one of the city’s light rail stops.