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
Battle continues over stalled Kushner, KABR project in Jersey City

The public feud between the Kushner Cos. and Jersey City Mayor Steven Fulop continued late last week, as lawyers for the developer threatened additional litigation on top of a lawsuit over a long-delayed, high-profile project in Journal Square.

Professional Services
Environmental firm touts milestone in N.J. cleanup program

A Hoboken-based firm is nearing a milestone in the state’s Licensed Site Remediation Professional program, having closed nearly 150 cases under the six-year-old guidelines.

Health Care & Education
CHA receives final OK for $57 million hospital redevelopment in Plainfield

A developer has completed its purchase of a shuttered hospital complex in Plainfield, clearing the way for a redevelopment that calls for a new medical arts complex and 120 apartments.

Retail
C&W: Yoga, learning center ink leases in Nutley

A yoga studio and a learning center are set to open this summer in downtown Nutley, following leases arranged by Cushman & Wakefield.

Retail
Goldstein Group touts Jersey City lease with flatbread, sandwich shop

A fast casual restaurant specializing in Mediterranean-style sandwiches has leased 1,600 square feet in the Journal Square section of Jersey City, brokers with The Goldstein Group said.

Hospitality & Tourism
Hard Rock’s long-awaited debut in Atlantic City comes with a new opportunity

The new Hard Rock Hotel & Casino has opened its doors in Atlantic City, with the promise of being a new type of destination that will grow the market and bring new visitors to the resort town.

Hospitality & Tourism
Ocean Resort debuts in Atlantic City, providing new hope and a fresh start

As a crowd packed the famed Atlantic City boardwalk on Thursday, an investment group hailed the opening of the new Ocean Resort Casino at the former Revel property.

Residential & Mixed Use
Vango kicks off construction at 52-unit rental project in Rutherford

A developer has broken ground on a new 52-unit luxury apartment building in downtown Rutherford, touting a location just two blocks from rail and bus service to Manhattan.

Industrial
CBRE industrial broker named vice chairman in New Jersey

CBRE has recognized a well-known New Jersey broker as one of its top producers, naming him the firm’s first-ever vice chairman in the Garden State.

Finance & Capital Markets
Atlantic City casino, North Jersey mall among top 100 U.S. property taxpayers, report says

An Atlantic City casino and a well-known North Jersey mall are among the nation’s top 100 property taxpayers.