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
For Bijou, building neighborhoods is a top priority

Building neighborhoods has been a common thread as Bijou has made its mark on the lesser-known northern and western ends of Hoboken, not only with successful residential projects, but with new retail spaces that can draw foot traffic and activity beyond those who live in the area. In doing so, the firm has helped open new frontiers in its home city, which remains as popular as ever.

Retail
Marcus & Millichap touts banner year for northern New Jersey team

Brian Hosey By Joshua Burd Marcus & Millichap’s northern New Jersey office is trending upward, touting a year in which its total number of transactions grew by 44 percent. The brokerage said Thursday that its Saddle Brook-based team is one…

Retail
Dollar store set to backfill ex-pharmacy space in Middlesex Co.

A new Dollar General store is coming to a former Walgreens space in South Plainfield, under a 9,100-square-foot lease announced this week by Jeffery Realty.

Finance & Capital Markets
Silver Arch announces $15 million loan for waterfront project in South Philly

Silver Arch Capital Partners has closed on a $15 million loan to help a developer jumpstart a mixed-use waterfront project in South Philadelphia, the Hackensack-based lender announced.

Health Care & Education
Office, education buildings emerging in Atlantic City

As the mixed-use Gateway project continues to rise in Atlantic City, its developer has released photos of the construction alongside renderings of the $220 million project.

Hospitality & Tourism
Hotel project will unlock potential for conference, events business at Bell Works

At full build-out, the massive Bell Works project in Holmdel will be home to some 8,000 daily office workers. But newly unveiled plans for a rooftop hotel are a reminder of the project’s potential to be much more than a repurposed corporate campus.

Health Care & Education
Hollister completes renovations at Newark Museum (SLIDESHOW)

The Newark Museum has debuted a newly renovated main entrance and interior as part of an effort to connect the institution with the city’s rejuvenated downtown streetscape.

Office
Mack-Cali set to dial back property sales after topping $500 million in 2017

Mack-Cali Realty Corp. reaped more than $500 million last year from the sale of buildings and joint venture interests, with additional sales slated for 2018 as it winds down its plan to right-size and reposition its vast portfolio.

Government & Public Policy
Hurdles remain in push to repair N.J. highways, advocate says

Despite a new dose of funding from the state’s gas tax, New Jersey is still far from achieving the level of investment it needs to sustain its vital transportation infrastructure. That was one key message on Wednesday from a top advocate for infrastructure spending, who offered a mix of good news and bad news to a crowd of developers and service professionals.

Health Care & Education
Advance touts another tenant expansion at Bridgewater life science campus

A pharmaceutical firm is the latest tenant to expand at Advance Realty’s flagship life sciences campus in Bridgewater, where it has taken nearly 13,000 square feet.