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.

Change agents: How Yorktel is guiding clients toward ‘next-gen’ workspaces, collaboration technology

Yorktel, a provider of video and audio communications services, has become a guiding hand for companies that are transitioning to so-called next-generation workplaces. That has meant advising clients on everything from choosing the right videoconferencing equipment to picking the optimal conference rooms, huddle rooms and other collaboration spaces.

Health system inks 5,400 sq. ft. lease in Totowa

One of the state’s largest hospital systems has leased a new retail location in Totowa, in a transaction announced by The Goldstein Group.

Denholtz: Jersey Mike’s opens at new retail center in Clark

Denholtz Associates has welcomed its latest retail tenant in Clark with the opening of a new 1,400-square-foot Jersey Mike’s Subs store, the developer announced this week.

Residential & Mixed Use

KRE Group, Verde Capital complete second garden apartment deal

Kushner Real Estate Group and Verde Capital are set to reposition a 304-unit apartment complex in Monmouth County after acquiring the property last month for $56 million, the partnership’s second recent multifamily acquisition.

Mack-Cali, E-Trade ink 132,000 sq. ft. lease in Jersey City

Mack-Cali Realty Corp. and E-Trade Financial Corp. have completed a lease renewal in Jersey City, where the online brokerage will expand to more than 130,000 square feet.

Joint venture buys 370,000 sq. ft. Allendale campus for $50.5 million

Camber Real Estate Partners and Advance Realty have added to their portfolio of light industrial buildings, acquiring a 370,000-square-foot campus off Route 17 in Bergen County.

JLL: Volkswagen U.S. renews for 12,000 sq. ft. in Woodcliff Lake

Volkswagen’s U.S. subsidiary has renewed its 12,000-square-foot lease at a Woodcliff Lake office building, under a lease announced this week by brokers with JLL.

3PL firm inks 270,000 sq. ft. lease in Edison, CBRE says

A third-party logistics firm will occupy more than three-quarters of an Edison warehouse after leasing nearly 270,000 square feet at the property, brokers with CBRE announced.

Professional Services

Simon joins new brokerage firm as head of New Jersey operations

B6 Real Estate Advisors, the new brokerage firm launched by Paul J. Massey Jr., has named industry veteran David A. Simon as its top executive in New Jersey.

Residential & Mixed Use

NJAA wins national honors for communications, website

The New Jersey Apartment Association has earned three national honors for its work in digital communications and editorial content.