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.

Industrial
I.CON panel: Same-day delivery pushing tenants beyond North Jersey, into NYC boroughs

Retailers and other industrial tenants have long counted on northern New Jersey as a hub for distribution into New York City, but the need for same-day and even two-hour delivery has pushed developers to make big bets in the outer boroughs.

Government & Public Policy
Big-name companies in finance, pharma on EDA agenda for incentives

E-Trade Financial Corp. and Teva Pharmaceuticals have applied for more than $60 million in combined tax credits for proposals in Jersey City and Parsippany, respectively, with the state Economic Development Authority slated to consider their applications on Tuesday.

Office
Biopharma firm moving U.S. headquarters out of New Jersey

French biopharmaceutical firm Ipsen is moving its U.S headquarters out of New Jersey and into Massachusetts, although it said it still plans to maintain a presence in the Garden State.

Industrial
I.CON wrap-up: Opportunity remains for industrial in New Jersey, nationally

As New Jersey has shown, the industrial sector has become the new darling of commercial real estate in recent years. That was all too clear from the sold-out crowd of more than 850 development executives and other key players who descended on this year’s I.CON event in Jersey City.

Office
Denholtz inks 15,900 sq. ft. renewal in Hamilton

A design and consulting firm has renewed its nearly 16,000-square-foot lease at a Hamilton office building, property owner Denholtz Associates said last week.

Residential & Mixed Use
Roselle apartment building fetches $5.3 million, Kislak says

A 35-unit apartment building in Roselle has changed hands for $5.3 million, following an investment sale brokered by The Kislak Co. Inc.

Hospitality & Tourism
Connell debuts new Embassy Suites in Berkeley Heights (SLIDESHOW)

A developer has opened the doors to a new hotel in Berkeley Heights, aiming to capture demand from the region’s network of life sciences companies and other corporate users.

Photos
New Jersey Future’s Smart Growth Awards

New Jersey Future recently hosted its Smart Growth Awards, honoring major redevelopments in the state and former Gov. James Florio.

Office
Vision Real Estate, PCCP detail acquisition of J&J site in Morris County

A joint venture has closed on its purchase of a former Johnson & Johnson campus in Morris Plains, where it’s planning a redevelopment anchored by an existing Class A office building.

Office
JLL named leasing agent for One Gateway in Newark

The owners of One Gateway Center in Newark have hired JLL as the leasing agent for the 26-story office tower, less than a month after announcing plans to reposition the property.