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.

Current Issue
Finding new life: Young pharma, biotech firms offer second chance for New Jersey’s legacy R&D space

A growing pipeline of young life sciences firms has offered a second chance for New Jersey’s stock of legacy laboratory space. In the process, the ventures have served as anchors for developers seeking to repopulate large, vacant pharmaceutical campuses with turnkey laboratories.

Health Care & Education
Limited options for pharmaceutical manufacturing

For all of the success in backfilling New Jersey’s legacy lab space, doing the same for vacant pharmaceutical manufacturing buildings has been decidedly more difficult.

Health Care & Education
Cities: The next frontier for New Jersey R&D

As young life sciences companies search for lab and R&D space, Dan Loughlin sees a new frontier emerging in the years to come — urban centers.

Industrial
TJ Maxx among high-profile Q1 industrial deals in New Jersey

Industrial space in and around New Jersey continued to attract household names in the first quarter, as leasing activity remained on a strong and steady pace to start the year.

Residential & Mixed Use
Pennrose, public officials unveil 84-unit project in Edison

Pennrose and Middlesex County have completed the adaptive reuse of a historic hospital complex in Edison, resulting in 84 new units of affordable senior housing.

Industrial
Duke announces 264,085 sq. ft. lease in Cranbury with lighting company

A lighting manufacturer is expanding its Northeast distribution center footprint as part of a recently announced, 264,085-square-foot lease in Cranbury with Duke Realty.

Industrial
Retail, warehouse property in East Brunswick changes hands

An investment group has acquired a 41,500-square-foot retail and warehouse property in East Brunswick, in a deal announced Thursday by Sheldon Gross Realty.

Top News
Mercer County decision, future of affordable housing in focus at NJBA panel

A recent high-profile court ruling may not have ended the battle over affordable housing in New Jersey, but insiders say it has become an important guidepost in a process that is still filled with uncertainty.

Office
N.J. office market shows upside, reports say, despite tepid leasing

Leasing volume in New Jersey’s office market has trended downward since last year, but observers are finding reasons to be optimistic heading into the spring.

Office
Investors plan to restore historic Hackensack office building

A joint venture has closed on its purchase of a historic 34,000-square-foot office building in downtown Hackensack, where it plans to restore the property while attracting new tenants.