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
Newark Museum joins LMXD, MCI to break ground on 250 apartments, new artist spaces

Construction is underway on a project that will expand the footprint of The Newark Museum of Art, infusing the property with new mixed-income housing and public and exhibitions spaces.

Residential & Mixed Use
Hampshire launches leasing at new 270-unit luxury rental building in downtown Hackensack

Leasing is underway at Ora, a new 270-unit luxury apartment building that The Hampshire Cos. unveiled late last year in downtown Hackensack.

Finance & Capital Markets
Donato Group refinances multitenant, 72,000 sq. ft. industrial building in Freehold, JLL says

The Donato Group has refinanced a nearly 72,000-square-foot industrial building along Route 33 in Freehold, securing a five-year loan from TriState Capital Bank.

Residential & Mixed Use
Construction underway on Walters’ new 73-unit affordable housing property in Hainesport

Walters has broken ground on a collection of 73 upscale, income-restricted apartments in the Burlington County township of Hainesport.

Deals
Cervelli: North Bergen mixed-use building changes hands as tenant buys property

A tenant at a nearly 4,000-square-foot mixed-use building in North Bergen has acquired the property, in a newly announced deal by Cervelli Real Estate.

Food & Beverage
Onyx: The Gyro Project opens in Newark, joining growing restaurant row at Gateway Center

A fast-casual Greek restaurant has opened its doors at The Junction at Gateway Center in Newark, bringing another option to workers and visitors at the downtown office complex.

Residential & Mixed Use
Fidelco, Diversified sell 393-unit Union rental property for $132 million, JLL says

Fidelco Realty Group and Diversified Properties have sold a newly developed, 393-unit luxury apartment complex in Union Township for nearly $132 million, in a deal arranged by JLL.

Professional Services
Resource Realty of Northern New Jersey eyes continued growth as it marks 35th anniversary

Resource Realty of Northern New Jersey is marking 35 years in business while staying focused on the future, with a growing leadership team and an expanding geographic footprint.

Technology
EDA, Nokia Bell Labs to open new hub for commercializing research at New Brunswick’s HELIX campus

A new facility focused on commercializing scientific research is coming to the HELIX — the acclaimed campus under construction in downtown New Brunswick — under a partnership announced this week by state officials and Nokia Bell Labs, a future tenant at the site.

Office
JLL: Pharma, life sciences tenants still loom large in New Jersey after an active 2024

Life sciences companies accounted for nearly a third of all leases signed in New Jersey last year, showing the industry’s continued role in the state’s changing commercial real estate market.