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.

Duke fills last vacancy in New Jersey with Perth Amboy industrial lease

Duke Realty Corp. has leased 220,200 square feet in Perth Amboy to a furniture delivery and fulfillment service, bringing its recently acquired New Jersey portfolio to full occupancy.

Montclair rental building earns LEED-silver status

A developer’s plan to create a sustainably designed, energy-efficient apartment building in downtown Montclair has been recognized by the U.S. Green Building Council.

For apartment sector, uncertainty in Washington threatens policy priorities

Despite the benefits of last year’s federal tax reform, the apartment sector is grappling with uncertainty and unpredictability in Washington, D.C., raising questions about the future of affordable housing and other high-stakes policy issues. That was one key message from experts who gathered recently during the New Jersey Apartment Association’s annual conference and expo, which drew a registered crowd of more than 1,600 to the Atlantic City Convention Center.

AvalonBay rebuilds, reopens Edgewater building after 2015 blaze

AvalonBay Communities has unveiled 240 new apartments in Edgewater, following a high-profile fire in 2015 that leveled half of its luxury rental complex in the borough.

Colliers marketing 440,000 sq. ft. former BMS campus in Plainsboro

An investment manager has set out to reposition two buildings at the former Bristol-Myers Squibb headquarters campus in Plainsboro, while tapping Colliers International to market more than 400,000 square feet at the property.

Denholtz: Clark commercial complex fully leased after latest deal

Denholtz Associates has inked a 10,050-square-foot lease at a commercial complex in Clark, bringing the 283,000-square-foot campus to full occupancy.

Developer breaks ground on 276 apartments in Somerset County

Construction is underway on a new 276-unit apartment complex in Raritan Borough, where a developer hopes to seize on a location just steps from a commuter train station.

CBRE’s Hipschman takes on expanded role in Northeast industrial

CBRE has announced an expanded role for its market leader in New Jersey, in an effort to expand the firm’s focus in the region’s industrial and logistics sector.

NAI Hanson brokers sale of Paterson condo building, development site

A real estate investment firm has acquired a 48-unit condominium building in downtown Paterson, along with a nearby development site that is approved for 195 rental units.

Gebroe-Hammer inks sale of 189 apartments in Plainfield, Elizabeth

Four apartment properties in Union County have changed hands for a combined $22.7 million, following a set of transactions announced by Gebroe-Hammer Associates.