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.

Office
Denholtz touts 28,000 sq. ft. in new leases, renewals in Matawan

A steel exporter has renewed for nearly 11,000 square feet at a Matawan office building, one of seven transactions announced Tuesday by Denholtz Associates.

Residential & Mixed Use
Reinvention of historic Edison complex nearly complete, as first residents move in

The long-awaited project known as Edison Village is nearing completion and already welcoming residents to its first phase: a new three-story, 34-unit building known as Edison Mews. In the coming months, Prism expects to deliver another 300 apartments when it completes its renovation and reconstruction of the 100-year-old factory complex on Main Street.

Government & Public Policy
EDA: Teva Pharmaceuticals weighing 345,000 sq. ft. in Parsippany

The state has approved a 10-year, $40 million tax credit package to encourage Teva Pharmaceuticals to move its U.S. headquarters from Pennsylvania to Parsippany, where it would lease more than 345,000 square feet to house more than 1,000 employees.

Government & Public Policy
State OKs incentive for E-Trade expansion in Jersey City

E-Trade Financial Corp. could be in line to expand its footprint on the Jersey City waterfront, following the approval Tuesday of a 10-year, $20.1 million tax credit package by the state Economic Development Authority.

Office
Higher and better: Developers making strides in repurposing New Jersey’s vacant, outdated office buildings

Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no longer considered usable by modern standards.

Retail
Developer completes fourth adaptive reuse project in Paterson

Paramount Assets has completed its adaptive reuse of a historic property in Paterson, debuting renovated street-level retail and new apartments at what had been warehouse space.

Residential & Mixed Use
Walters: 91-unit Seaside Heights project on track to open in early 2019

A new 91-unit apartment building in Seaside Heights is set to open in less than a year, developer Walters Group said, as construction continues on the age- and income-restricted project.

Retail
JLL: Mini-burger chain among three retail leases in downtown New Brunswick

A mini-burger chain has committed to its first New Jersey location in New Brunswick, in one of three retail leases in the city announced by JLL.

Retail
LMC: Body sculpting business opens 1,550 sq. ft. Paramus store

A new medical tenant has opened its doors in Paramus, taking the last available space at a 261,300-square-foot shopping center on Route 4.

Photos
CBRE roundtable tackles impact of big data on commercial real estate

CBRE recently hosted a roundtable discussion at its Saddle Brook office to address how big data is impacting commercial real estate.