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.

CBRE: Pop-ups, m-commerce and discounters among growing trends this holiday season

Pop-up stores are in fact set to make a return this holiday season, but they’ll be joined by a growing number of pop-up warehouses. Those are among the findings in a new report by CBRE that’s meant to forecast this year’s holiday trends in commercial real estate. The report also points to an expansion of mobile commerce and strength in discount retailing, as consumers continue to seek omnichannel access, value, variety and experiences.

NAI Hanson: Toy maker expands, leases 27,000 sq. ft. in E. Rutherford

A maker of plush toys has leased 26,900 square feet of industrial space just west of MetLife Stadium in East Rutherford, in a deal arranged by brokers with by NAI James E. Hanson.

Residential & Mixed Use

Mixed-use Maplewood property sold to investor, Zoltek says

A local investor has acquired a mixed-use retail and residential property in one of Maplewood’s main business districts, according to the brokerage firm Zoltek Realty.

Office furniture maker renews 30,000 sq. ft. lease in Mount Laurel

A furniture manufacturer has renewed its nearly 30,000-square-foot lease at a Mount Laurel office building, according to the real estate services firm Markeim Chalmers Inc.

BRC brokers 10,500 sq. ft. industrial lease in Rahway

An industrial tenant is relocating within Union County in order to accommodate its e-commerce business, following a 10,500-square-foot lease brokered by Bussel Realty Corp.

IN THE MOMENT: IOREBA’S Fall Kick-Off Event

The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area recently hosted its Fall Kick-Off event, drawing more than 60 members and guests for a boat cruise through the New York harbor.

Camber, Advance acquire 529,000 sq. ft. complex off Route 46 for $53 million

A joint venture has acquired a four-building, 529,110-square-foot industrial and office complex in Morris County, with plans to reposition the campus to tap into the continued demand for warehouse and distribution space.

SJP details plans for new 130,000 sq. ft. fitness complex in Bridgewater

SJP Properties and Life Time, the national fitness operator, have unveiled plans for what they say will be a first-of-its-kind health and entertainment complex at a Bridgewater office campus.

Residential & Mixed Use

Report: Investment firm buys rights to residential tower site next to Revel

A private investment firm reportedly has acquired the rights to a site that was slated to become a 30-story residential tower alongside the former Revel Casino Hotel in Atlantic City.

Residential & Mixed Use

Little Falls rental project reaches 50 percent leased

A new 34-unit rental project is off to a fast start in downtown Little Falls, reaching the 50 percent leased milestone just a few months after opening.