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.

Upgrades spur new activity at Hackensack office complex, owners say

The owners of a well-known office complex in Hackensack have made $15 million in upgrades, driving more than 100,000 square feet in leasing activity over the past 18 months.

Collaborative deals: The new norm in Jersey

In listening to the presentations by the eight finalists for NAIOP’s annual Deal of the Year competition, what struck me most was the collaborative nature and level of cooperation that is taking place among all the participants in both the public and private sectors. It wasn’t always this way.

LMC: Shoe wholesaler inks 103,000 sq. ft. industrial lease in Piscataway

A shoe wholesaler has signed a full-building lease for a 103,350-square-foot warehouse in Piscataway, representatives with Levin Management Corp. said Wednesday.

Hospitality & Tourism

Hoboken mayor unveils plans for new 17-story, waterfront hotel

Plans for a new waterfront hotel in Hoboken are reportedly set to move forward after winning the support of the city’s new mayor.

HFF brokers $31.4 million sale to first-time office buyer

A longtime residential investor is expanding into the office sector, acquiring a four-building, 305,000-square-foot portfolio in Burlington County.

Professional Services

Industry veteran joins NAI Hanson as VP

NAI James E. Hanson has continued its recent expansion with the hiring of a new vice president.

Professional Services

Weiss highlights banner year in sales, leasing activity

Brokerage firm Weiss Realty is touting a year in which it completed nearly 40,000 square feet of leasing, along with property sales totaling more than $35 million in value.

Ripco says promotions, its first in New Jersey, are a sign of growth in the Garden State

Ripco Real Estate has made its first promotions in New Jersey since opening its office here in 2013, elevating two brokers to vice president.

Residential & Mixed Use

Roseland debuts luxury rental building at former Mack-Cali office site

Roseland Residential Trust has unveiled nearly 200 new luxury apartments in Morris Plains, marking the redevelopment of what had been a vacant office building owned by Mack-Cali Realty Corp.

Self-storage building in Totowa sells for $19.5 million

Tulfra Real Estate and The Hampshire Cos. have sold a 91,000-square-foot self-storage facility in Totowa for $19.5 million, touting it as a sign of growing demand for the asset class.