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
RPM hails fast start for historic townhome rehab at Fort Monmouth

The new first residential offering at Fort Monmouth is off to a fast start, drawing buyers for nearly a third of its 68 townhomes less than three months after hitting the market.

Roundtable
What infrastructure improvements does New Jersey need to support development for the next 20 years?

What infrastructure improvements does New Jersey need to support development for the next 20 years? We assembled a panel of industry experts to tackle this month’s question.

Government & Public Policy
East Brunswick issues RFP for prime Route 18 redevelopment site

Local officials in East Brunswick have put out a call to developers, seeking proposals to repurpose and revitalize a blighted shopping center on a busy stretch of Route 18.

Professional Services
Hollister details new leadership team, new role for longtime CEO

The founders of Hollister Construction Services have turned over the reins to a new crop of top executives, as its longtime CEO transitions to a strategic role outside of day-to-day management.

Office
NAI Hanson: IT firm takes 6,900 sq. ft. at Parsippany office building

A regional IT firm has leased nearly 7,000 square feet at a soon-to-be-renovated office building in Parsippany, brokers with NAI James E. Hanson said Wednesday.

Professional Services
Mertz broker promoted to senior VP

NAI Mertz has promoted one of its longtime industrial brokers to senior vice president, the Mount Laurel-based real estate services firm announced.

Government & Public Policy
Murphy, lawmakers restore and expand public-private partnership law

Gov. Phil Murphy has signed legislation to allow developers to partner with government entities for projects on publicly owned land, reviving and expanding a popular law that has helped reshape several of the state’s college campuses in recent years.

Office
NRDC extends 90,000 sq. ft. lease with biopharma firm

A biopharmaceutical firm has extended the lease for its 90,000-square-foot headquarters and research and development facility in South Plainfield, its landlord announced Tuesday.

Government & Public Policy
NAI Hanson: Sale of farm property will preserve 244 acres in Hunterdon Co.

A public-private coalition will create a sprawling greenway in Hunterdon County after acquiring 244 acres of open space, under a transaction arranged by NAI James E. Hanson.

Residential & Mixed Use
Kislak closes 34-unit portfolio sale in Orange

Two apartment buildings in Orange with a combined 34 units have changed hands for $3.75 million, following a recent deal brokered by The Kislak Co. Inc.