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
Bergen, Passaic multifamily sales total $22.6 million, Gebroe-Hammer says

Nearly 150 apartments have changed hands in Bergen and Passaic counties, following three sales totaling $22.6 million in value announced this week by Gebroe-Hammer Associates.

Photos
Guadagno, Sheinkopf headline NJCU real estate conference

Former Lt. Gov. Kim Guadagno (left) and Hank Sheinkopf, president of Sheinkopf Communications Ltd., were among the speakers on Tuesday at “Connecting Bridges and Borders in Real Estate Property Management,” a program hosted by the New Jersey City University School of Business.

Retail
Joint venture signs lease, breaks ground on new 150,000 sq. ft. Costco in Bayonne

Developers have broken ground on a new Costco Wholesale store and gas station in Bayonne that will serve as the retail anchor for a new mixed-use project on Route 440.

Office
Coast to coast: VREP, Rubenstein unveil plans to connect, transform Parsippany campuses (RENDERINGS)

Vision Real Estate Partners has unveiled its plans to unify and transform two well-known, adjacent office buildings in Parsippany that it acquired recently with Rubenstein Partners.

Residential & Mixed Use
New rental, commercial tower breaks ground in Journal Square

Construction is underway for one of the newest additions to the fast-growing Journal Square section of Jersey City — a new 15-story residential tower with both office and retail space.

Residential & Mixed Use
First new housing set to open in Fort Monmouth redevelopment

RPM Development Group has nearly completed its restoration of an officer housing complex at Fort Monmouth, preparing to deliver what will be the first residential project in the effort to reposition the historic military base.

Office
Onyx tapped to manage, reposition One Gateway in Newark

Onyx Equities LLC will take over management, leasing and construction oversight of One Gateway Center in Newark, with plans to reposition the well-known office tower along McCarter Highway.

Industrial
JLL: Joint venture, logistics firm ink full-building lease in South Brunswick

A logistics firm has leased 369,000 square feet at a South Brunswick industrial building, in a deal announced this week by JLL.

Residential & Mixed Use
HFF: Hoboken apartment complex sells for $146 million

An affiliate of J.P. Morgan Asset Management has sold a 240-unit, luxury apartment complex in Hoboken for $146 million, HFF said, in New Jersey’s largest apartment sale in 2018.

Events
Hanson inducted into New Jersey Hall of Fame

Jon F. Hanson, the revered founder of The Hampshire Cos., was among those inducted Sunday night into the New Jersey Hall of Fame, joining nearly two dozen business leaders, entertainers, public servants and others who made up the organization’s 2017 class.