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.

Government & Public Policy
EDA approves 10-year, $30 million incentive for flatbread maker to expand in Paterson

State officials have offered nearly $30 million in tax credits over 10 years to encourage a maker of Mediterranean flatbreads and other foods to expand its footprint in Paterson.

Residential & Mixed Use
Investment firm acquires 16 apartment buildings for $63 million

A real estate investment firm has paid $63 million to acquire 16 apartment buildings in Essex and Hudson counties, adding more than 500 additional units to its northern New Jersey portfolio.

Residential & Mixed Use
Kushner Cos. acquires Long Branch motel site for $6 million

An affiliate of Kushner Cos. has acquired a 9,600-square-foot motel near its mixed-use Pier Village complex in Long Branch, in a $6 million sale brokered by The Kislak Co. Inc.

Office
Developers break ground on new amenity center at Warren office campus

A joint venture has started construction on a new standalone amenity building at a Warren office park, expanding on its plans to spruce up the offerings at the traditional suburban workplace.

Office
Withum debuts modern, eco-friendly office in East Brunswick

Accounting and advisory firm WithumSmith+Brown PC has completed the relocation of more than 150 employees to a newly designed, 46,234-square-foot space in East Brunswick.

Professional Services
Benedetto joins Blau & Berg in business development role

The Blau & Berg Co. has hired a longtime commercial real estate broker and consultant in the state as its new director of business development.

Residential & Mixed Use
Kaplan unveils 196-unit rental project behind historic castle in Middlesex County

One of the state’s newest apartment communities is not along the Hudson River or a mass transit line, but on the grounds of a historic castle built by a founding father of Johnson & Johnson.

Office
JLL named leasing agent for 155,000 sq. ft. Morristown building

The owner of an office building at a key intersection in Morris County has tapped JLL to spearhead leasing and marketing for the property.

Retail
New York Life touts $75 million loan for Bergen County retail center

New York Life Real Estate Investors has originated a $75 million loan secured by a recently redeveloped shopping center in Bergen County, the company said recently.

Residential & Mixed Use
Fisher opens 448-unit residential tower in Jersey City

Fisher Development Associates officially unveiled its fourth project in Jersey City, a 448-unit waterfront apartment building in the city’s Liberty Harbor North neighborhood.