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.

Office
Cherry Hill office building sells for $2.8 million

An investor is the new owner of a 22,000-square-foot office building in Cherry Hill, following a $2.8 million sale arranged by brokers with Markeim Chalmers Inc.

Professional Services
Tapping into technology: Virtual, augmented reality providing new frontier for design firm

Rotwein + Blake is hoping to tap into the next wave of innovation in the design of commercial real estate: virtual and augmented reality. The Livingston-based architecture firm is now hoping to integrate the technology into its practice going forward, seeing it as a tool that can both enhance the design process and create additional value for its clients.

Retail
New retailers commit to downtown Englewood, Ripco says

Seven retailers have signed leases in downtown Englewood, committing to more than 26,000 square feet in total under a series of deals announced by Ripco Real Estate.

Industrial
Saddleback touts 8,200 sq. ft. industrial lease in Edison

Saddleback Real Estate Developers has inked an 8,200-square-foot industrial lease at a building in the Raritan Center section of Edison.

Residential & Mixed Use
Kislak brokers $3.2 million, 27-unit apartment sale in Jersey City

An investor has acquired two Jersey City apartment buildings with a combined 27 units, in a $3.2 million sale brokered by The Kislak Co. Inc.

Retail
New owner of Toms River shopping center taps LMC as leasing, managing agent

After acquiring a 120,350-square-foot shopping center in Toms River, a joint venture has tapped Levin Management Corp. to oversee leasing at the property.

Roundtable
What is the next frontier for amenities and technology in corporate office space?

What is the next frontier for amenities and technology in corporate office space? We assembled a panel of industry experts to tackle our question of the month.

Professional Services
WCD: New and improved cost cap insurance could spur additional environmental cleanups

A consulting and engineering firm has teamed with a global insurance agency to expand coverage for environmental cleanups, with the goal of spurring remediation at sites that are otherwise seen as too costly or risky for property owners to take on.

Office
Transwestern seeking tenants for Parsippany office building

Brokers with Transwestern are marketing a nearly 182,000-square-foot office building for sublease in Parsippany, in what they say is the largest block of such space in the submarket.

Residential & Mixed Use
Hudson County rental property sells for $1.2 million

A private investor has reaped more than $1.2 million from the sale of a 6,250-square foot multifamily property in Hudson County, according to brokers with Marcus & Millichap.