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
DMR grows construction admin team

DMR Architects has expanded its construction administration team with three new hires.

Residential & Mixed Use
Jersey City rental tower achieves LEED certification

A recently opened residential high-rise in downtown Jersey City has earned its LEED certification from the U.S. Green Building Council.

Residential & Mixed Use
Kushner closes on $100 million deal for Hackensack apartments

Kushner Cos. has acquired a two-building, 360-unit apartment property in Hackensack for a reported $100 million, marking its latest multifamily purchase in New Jersey in recent years.

Residential & Mixed Use
Paramount plans fall opening for 37-unit Newark rental project

A developer is on track to deliver 37 new luxury apartments in Newark this fall, as part of its adaptive reuse of a historic commercial property in the downtown.

Retail
Blow dry bar leases 1,600 sq. ft. in West Orange

A beauty chain is the newest tenant at a West Orange shopping center after signing a 1,600-square-foot lease at the property, Levin Management Corp. said Wednesday.

Office
NKF: Midsized deals in life sciences, tech highlight Q1 office leasing

A lease by a life sciences company in Morristown and a tech firm’s expansion in Hoboken were among New Jersey’s top office deals in the first quarter, as part of a market that saw availability inch downward to start the year.

Office
Repositioned office campus in Bridgewater sells for $46 million

An investment firm has sold a Bridgewater office campus for $46 million, nearly double the amount it paid for the property in 2015 before launching a series of upgrades.

Health Care & Education
EDA touts small business funding at Linden laboratory business

A drug testing and monitoring company has unveiled its new 23,400-square-foot headquarters and laboratory in Linden, thanks to a mix of private and public funding sources.

Office
Joint venture names NKF leasing agent at Morris Corporate Center IV

The new owners of two high-end office buildings at the Morris Corporate Center campus in Parsippany have tapped Newmark Knight Frank to oversee leasing at the properties.

Industrial
Tulfra inks $5 million sale of Totowa industrial condo

Tulfra Real Estate has sold a 27,000-square-foot industrial condominium in Totowa for $5 million, the latest transaction at a redeveloped office and industrial park.