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.

Policy Page
It’s time to push the reset button on New Jersey’s ‘municipal madness’

Our next governor and new Legislature best be laser-focused on two immediate priorities: investing and deploying critical resources into our transportation system and stimulating permanent property tax reductions through shared services and municipal consolidations.

Professional Services
Engineering a solution: How PS&S helped create a path forward for Atlantic City’s iconic Steel Pier

The newest addition to the Atlantic City skyline is not another casino, but a 230-foot-tall observation wheel that will become the latest and greatest piece of the iconic Steel Pier. The year-round attraction is now open to the public, but that might not be the case without the work of an architecture and engineering firm with deep ties to the seaside resort town.

Office
Design firm unveils new Parsippany HQ for maker of Nutella, Tic Tacs (SLIDESHOW)

Drawing inspiration from well-known brands such as Nutella, a Millburn-based architecture firm is touting the design of a newly completed headquarters space for Ferrero USA.

Professional Services
Babineau joins Rutgers real estate center executive committee

One of the state’s top real estate attorneys has joined the executive committee at The Center for Real Estate at Rutgers Business School.

Office
Segal LaBate: New owner plans to create tech hub at historic Trenton bank building

A technology consulting firm has acquired a historic 78,000-square-foot bank building in Trenton, with plans to reposition the property as a hub for innovative businesses.

Finance & Capital Markets
HFF brokers $10 million in loans for South Jersey industrial trades

Investors have acquired three industrial buildings in Burlington County, thanks in part to nearly $10 million in financing secured by brokers with HFF.

Sponsored Content
Trend Watch Oct. 23: Industrial rent growth continues, for certain areas it really continues

Northern and Central New Jersey have seen industrial asking rent growth of 11.5 percent year-over-year. The Exit 10 submarket increased 17.8 percent year-over-year, driven by an increase of Class A space with asking rents as high as $9.25 per square foot.

Office
Other N.J. cities forge ahead, file bids for Amazon HQ2

Several other cities in New Jersey have filed their bids to become the home of Amazon’s second headquarters, despite the state throwing its official support behind Newark earlier this week.

Residential & Mixed Use
Camden apartment complex fetches $34.5 million, Marcus & Millichap says

An owner and developer of low-income housing has acquired nearly 400 existing units in Camden, in a nearly $34.5 million deal arranged by Marcus & Millichap.

Government & Public Policy
NJAA marks record attendance by lawmakers for PAC event (SLIDESHOW)

In a sign of strength for the state’s multifamily sector, some three dozen state lawmakers turned out this week for an annual reception hosted by the New Jersey Apartment Association.