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.

Retail
C&W announces new retail broker hire

Cushman & Wakefield has added to its team of retail brokers with the hiring of a new senior associate.

Office
Walters details plans for new office building in Ocean County

Walters Homes is expanding its corporate footprint in Ocean County, with plans to open a new office building in Ship Bottom that will bring four of its divisions under one roof.

Retail
LMC named managing agent for newly sold Hudson County shopping center

Levin Management Corp. has taken over leasing and management for a Kearny shopping center, following the recent sale of the nearly 140,000-square-foot complex.

Editor’s Note
A remedy for retail

Our July cover story takes a look at the growth of medical retail and all of the nuances that come along with it. For one thing, there seems to have been a perfect storm that paved the way for this movement: Retail was hurting after the Great Recession, while the Affordable Care Act expanded the insured population and changed how health care was delivered. As you might guess, New Jersey was impacted by these forces as much as any other market.

Retail
Planning board OKs plan for Monmouth Mall makeover

Kushner Cos. and Brookfield Properties have cleared a key hurdle in their plan to transform the Monmouth Mall, winning a long-awaited approval from the Eatontown planning board.

Professional Services
McCarter touts new pro bono focus for Newark residents facing eviction

McCarter & English has launched a new initiative to provide pro bono legal representation to Newark residents who are facing eviction proceedings by their landlords.

Residential & Mixed Use
Kislak brokers $3.7 million sale of Teaneck apartments

An apartment owner has reaped nearly $3.7 million from the sale of a 25-unit complex in Teaneck, following a transaction brokered by The Kislak Co. Inc.

Residential & Mixed Use
Union City apartment building sells for $3 million, Marcus says

The developer of a recently built, 12-unit apartment building in Union City has sold the property for more than $3 million, according to brokers with Marcus & Millichap.

Office
Roofing firm inks 5,000 sq. ft. lease in Elmwood Park, NAI Hanson says

A roofing business has leased nearly 5,000 square feet at an office building in Elmwood Park, brokers with NAI James E. Hanson said.

Residential & Mixed Use
Façade nearly complete at new Hoboken condo building

Bijou Properties is putting the finishing touches on the exterior of VIA Lofts, a new 10-unit luxury condominium project in the northwest section of Hoboken.