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.

Residential & Mixed Use
Woodmont, Baker break ground on 220-unit luxury rental project in Bayonne

Developers have kicked off a project that will bring more than 200 luxury apartments to the western shore of Bayonne, one of a half-dozen redevelopment efforts now underway in the city.

Industrial
Study shows port’s outsized impact on tax revenue, industrial market

The port industry of New York and New Jersey, one of the key drivers of the Garden State’s booming industrial real estate sector, accounted for nearly $8.5 billion in tax revenue last year.

Government & Public Policy
Greater Trenton names new VP of marketing

The two-year-old nonprofit aimed at shepherding economic development in Trenton has bolstered its team with the hiring of a vice president of marketing and communications.

Office
Bergman set to debut new amenities at Florham Park office campus

Bergman Real Estate Group is set to unveil about 5,000 square feet of new tenant amenity space at a 115,000-square-foot Florham Park office building, the real estate firm said this week.

Office
Marcus & Millichap: Palisades Park office building fetches $3 million

An outgoing owner-occupier has sold a 2,000-square-foot office building in Palisades Park, in a $3 million deal arranged by brokers with Marcus & Millichap.

Residential & Mixed Use
CIS opens new senior housing in place of Sandy-damaged complex in Middletown

A developer has opened a new affordably priced, senior housing community in Monmouth County at the site of a complex that was damaged so badly by Hurricane Sandy that it had to be demolished.

Finance & Capital Markets
Normandy refinances Princeton-area office building for $14.5 million, HFF says

The owner of a 114,000-square-foot office building just outside Princeton has refinanced the property for $14.5 million, brokers with HFF said Wednesday.

Government & Public Policy
EDA: Consumer products testing firm buys longtime leased facility in Essex County

A business that tests consumer products has acquired a 44,000-square-foot facility in Essex County that it had been leasing for 20 years, thanks in part to a small business loan program offered by the state Economic Development Authority.

Office
Sanzari renews, extends 11,000 sq. ft. lease with marketing firm in Hasbrouck Heights

A marketing firm has renewed its lease for nearly 11,000 square feet at a Hasbrouck Heights office building, according to landlord Alfred Sanzari Enterprises.

Retail
NAI Hanson inks 2,200 sq. ft. lease with nurse staffing firm

A nursing staff company has leased 2,200 square feet of retail space in Bergenfield, in a transaction brokered by NAI James E. Hanson.