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.

Professional Services
LAN touts school construction, renovation work in Woodbridge

A design team from LAN Associates was on hand recently to break ground on $50 million worth of construction in Woodbridge, including a new elementary school and a sweeping renovation of an existing middle school.

Government & Public Policy
Flood wall decision looms large for Hoboken rail yards project

State officials could soon make a decision on key flood protection measures in Hoboken — one that could make or break a long-awaited, 2.3 million-square-foot redevelopment of the rail yards at the southern edge of the city.

Residential & Mixed Use
Investors pay $17.7 million for 37-unit Hoboken building

An investment group has made its first foray into Hoboken, acquiring a 37-unit uptown apartment building from a longtime family owner.

Residential & Mixed Use
Developer, public officials hail new affordable housing in Newark

A developer joined local and state officials on Wednesday to break ground on a 60-unit affordable housing project in Newark’s North Ward, where plans call for redeveloping the former site of a Boys & Girls Club.

Health Care & Education
Tech firm takes 50,000 sq. ft. at Whippany manufacturing site, Avison Young says

A technology firm serving the life sciences sector has leased 50,000 square feet at a pharmaceutical packaging facility in Morris County, brokers with Avison Young said.

Office
Marcus touts mixed-use building sales in Bayonne

Two mixed-use properties in Bayonne have changed hands for a combined $3 million, following transactions arranged by Marcus & Millichap.

Residential & Mixed Use
Construction set to begin for 84-unit rental project in Newark

A development group is set to break ground on 84 new apartments just north of downtown Newark, a project that will revitalize a busy corner just off Interstate 280.

Professional Services
GZA announces new associate principal in Fairfield

GZA GeoEnvironmental Inc. has named a new associate principal at the environmental and geotechnical consulting firm’s northern New Jersey office in Fairfield.

Office
PHOTOS: Mack-Cali hosts open house at revamped Parsippany building

Mack-Cali Realty Corp. welcomed brokers and other industry professionals recently for an open house in Parsippany, where it showed off the types of new amenities and upgrades that are meant to transform its suburban office buildings.

Office
CBRE: Office sales poised to rebound in New Jersey, despite Q2 slowdown

A flurry of large leases provided a jolt to New Jersey’s office market in the second quarter, but the story was vastly different when it came to investment sales. Fortunately, there are signs of a rebound on the horizon.