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.

Hospitality & Tourism
Sanzari debuts new dual-branded Hilton hotel in Teaneck (SLIDESHOW)

Alfred Sanzari Enterprises has opened the doors to a new 15-story, 350-room hotel in Teaneck, celebrating the latest addition to its flagship Glenpointe complex.  

Office
Colliers: New owner plans upgrades at Piscataway office building

A private investor has acquired a nearly 140,000-square-foot office building in Piscataway, following a sale brokered by Colliers International and the online platform Ten-X.

Industrial
Edison warehouse draws 57,000 sq. ft. freezer lease, CBRE says

A frozen foods company has joined the roster at an Edison industrial building after signing a lease for nearly 57,000 square feet, brokers with CBRE announced Thursday.

Industrial
C&W inks full-building, direct deal with former subtenant in Somerset

A subtenant at a Franklin warehouse has transitioned into a direct lease while expanding at the property by 46,000 square feet, brokers with Cushman & Wakefield said Thursday.

Office
Flemington medical office building fetches $3.3 million, Marcus says

A financial institution has sold a 33,000-square-foot office building in Flemington, under a nearly $3.3 million deal brokered by Marcus & Millichap.

Top News
LeFrak: Jersey City rental building on pace for fall opening (SLIDESHOW)

Revetment House in Jersey City — Courtesy: LeFrak/Northern Architectural Systems By Joshua Burd LeFrak is nearing completion of its latest residential building in Jersey City, a 163-unit complex that sits atop a historic railroad embankment in the city’s Hamilton Park…

Professional Services
SB One Bank redesign plan in Weehawken complete, DMR says

DMR Architects has completed plans for the redesign of an SB One Bank branch in Weehawken, the first to undergo renovations since the launch of a rebrand early this year.

Government & Public Policy
Incentive program enters final year, drawing concern from CRE sector

With the Grow New Jersey program set to expire in less than a year, the prospect of losing the incentive is already weighing heavily on the state’s commercial real estate market.

Residential & Mixed Use
Walters breaks ground on 100-unit project, its latest in Ocean County

Walters Group has broken ground on a 100-unit, age-restricted affordable housing community in southern Ocean County, with plans to open the complex early next year.

Government & Public Policy
Fort Monmouth research complex on display at recent open house

Real estate and technology industry professionals turned out late last month for a tour of an 89,000-square-foot research complex on Fort Monmouth, where state officials hope to spur the creation of a new campus focused on innovation.