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
Developer set to begin leasing at new Monmouth County rental project

BNE Real Estate will soon open the doors to its new 227-unit luxury apartment project in Aberdeen, hoping to capitalize on a location just steps from an NJ Transit rail station.

Finance & Capital Markets
CRE mortgage broker firm hires business development exec for new unit

Eastern Union Funding, a Howell-based commercial real estate mortgage brokerage firm, has hired a director of business development for a newly launched division.

Residential & Mixed Use
Watchung apartment complex sells for $90 million

A high-end apartment community in Somerset County is under new ownership, following the roughly $90 million sale of the property to a Manhattan-based operator.

Office
Development set to begin at new hotel, restaurant at SJP campus in Bridgewater

SJP Properties has sold a parcel within its five-building office campus in Bridgewater, paving the way for the development of a new high-end Marriott hotel and Zinburger Wine & Burger Bar.

Sponsored Content
Urban logistics set to change industrial real estate’s competitive landscape

The rising demand for sites that will support urban logistics centers has driven growth in Northern New Jersey, while also creating competition among developers, as forgotten industrial markets reemerge. Retailers, parcel carriers and food and beverage companies have all increased their demand for industrial space less than ten miles from Manhattan. Formerly obsolete locations throughout New York’s boroughs are reemerging as competitive alternatives to the New Jersey markets.

Professional Services
Ripco adds salesperson in N.J. office

Ripco Real Estate has expanded its brokerage team in New Jersey with the hiring of a new salesperson, the retail real estate firm announced recently.

Retail
Raymour & Flanigan buys South Jersey shopping center

Furniture seller Raymour & Flanigan has acquired an 81,000-square-foot shopping center in Burlington County, in a transaction brokered by Colliers International.

Residential & Mixed Use
Atlantic Realty, local officials open new 500-unit Woodbridge transit village

A developer has taken the wraps off a new 500-unit transit village project in Woodbridge, marking the transformation of a site that once housed a long-abandoned industrial plant.

Industrial
Hampshire sells Hackettstown flex, industrial complex to Devli Group

The Hampshire Cos. has sold a nearly 200,000-square-foot flex and industrial park in Hackettstown, along with roughly eight acres of developable land nearby.

Retail
Pierson touts new Jersey Mike’s stores in northern, central N.J.

Jersey Mike’s Subs has expanded its footprint in its home state, leasing more than 10,000 square feet over the past year across seven locations in northern and central New Jersey.