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.

Government & Public Policy
LabCorp, Konica Minolta among other major EDA approvals

The state has approved a nearly $40 million tax credit package tied a proposal for LabCorp to modernize and expand its regional headquarters and lab complex in Raritan Borough, while also approving a $29 million incentive to encourage Konica Minolta Business Solutions to expand its existing headquarters in Ramsey.

Office
Broadridge opens 160,000 sq. ft. office at 2 Gateway in Newark

A global financial technology firm has opened the doors to its new 160,000-square-foot office in downtown Newark, now home to a divisional headquarters and some 1,100 of its employees.

Office
New deals, renewals bring Parsippany office building to full occupancy

Tenants have inked more than 60,000 square feet in new leases and renewals at a Parsippany office building, bringing the 152,000-square-foot property to 100 percent occupancy.

Residential & Mixed Use
Advance launches leasing at new-look Hoboken building (SLIDESHOW)

Advance Realty has unveiled a series of upgrades at a two-building, 128-unit apartment complex in Hoboken, which it acquired earlier this year as part of its growing footprint in the city.

Finance & Capital Markets
Financial, investment analyst joins Case Real Estate Capital

Investment firm Case Real Estate Capital has hired a new financial and investment analyst as it continues to expand its platform.

Residential & Mixed Use
CBRE: Ex-Newark school building sells for $1.8 million, slated for conversion

Newark’s public school system and its teachers union have sold a vacant commercial building in downtown Newark, in a $1.8 million sale brokered by CBRE.

Residential & Mixed Use
Growth of sharing economy creating new opportunities for developers to distinguish their projects

The growth of the sharing economy — including platforms such as Airbnb, Uber and Lyft — has created new opportunities for developers and landlords, providing additional ways for them to appeal to renters and help their projects stand out in an increasingly crowded market.

Residential & Mixed Use
For Capodagli, future projects are built on sharing

In partnering with Uber, Capodagli Property Co. aimed to provide another amenity and a new level of convenience for its existing tenants.

The decision is also helping to attract future residents — perhaps in a way that it didn’t expect.

Residential & Mixed Use
Airbnb’s Friendly Buildings Program: How it works

It has only been a few months since the start of a partnership between Airbnb and the owners of Jersey City Urby, but all signs point to an arrangement that will be mutually beneficial.

Government & Public Policy
Mars, Ralph Lauren among several high-profile companies on EDA agenda

Mars Wrigley and Ralph Lauren Corp. have applied for nearly $65 million in combined tax credits in connection with potential moves to Newark and Nutley, respectively, as the state Economic Development Authority prepares to consider the applications on Tuesday.