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.

Top News
Industry icon Jerry Gottesman dies at age 87

Edison Properties Co-Founder and Chairman Jerry Gottesman, an iconic figure in New Jersey commercial real estate whose career spanned more than six decades, has died at age 87.

Government & Public Policy
Holtec, public officials open $260 million campus in Camden (VIDEO)

Holtec International has opened the doors to what the state says is the single largest private investment in the history of Camden — a new 600,000-square-foot headquarters and manufacturing complex for the global energy technology company.

Residential & Mixed Use
Developer, local officials open new Livingston rental community

Squiretown Properties formally unveiled its new rental community in Livingston. With two buildings completed, the developer has introduced 94 of the planned 220 units at what’s known as ParkVue at Livingston, as construction continues for the remaining phases.

Residential & Mixed Use
Report: Hovnanian to sell Red Bank HQ, move to Old Bridge

Hovnanian Enterprises reportedly will sell its headquarters building in Red Bank to OceanFirst Financial Corp., paving the way for the homebuilder to move its offices to Old Bridge.

Industrial
Sheldon Gross: Buyer plans warehouse, distribution use at 45,000-sq. ft. Monroe building

A specialized sink manufacturer has acquired a 45,000-square-foot warehouse and office building in Monroe, according to brokers with Sheldon Gross Realty Inc.

Office
Lowenstein Sandler unveils 170,000 sq. ft. space at new-look Roseland building

Law firm Lowenstein Sandler has opened the doors to its new Garden State headquarters in Roseland, occupying nearly half of a repositioned 400,000-square-foot suburban office building.

Government & Public Policy
Guadagno, Murphy invited to speak at annual PlanSmart summit

The two candidates in New Jersey’s upcoming gubernatorial election will soon have the chance to speak directly to planning advocates, land use experts and real estate professionals, who are set to gather next week for PlanSmart NJ’s annual Planning Summit.

Health Care & Education
Developer buys 46,400 sq. ft. medical office building in Medford

A joint venture has paid $2.4 million for a 46,400-square-foot medical office building in Medford, where it’s planning a series of upgrades to help transition it from condominium units to a single-ownership structure.

Industrial
Key Properties renews 34,000 sq. ft. industrial lease in Carlstadt

A flooring specialties distributor has renewed its 34,000-square-foot lease at a Bergen County industrial building, according to landlord Key Properties LLC.

Industrial
Matrix, Amazon ink deal for 855,000 sq. ft. facility in Staten Island

Matrix Development Group’s move into Staten Island has led to a deal with Amazon, which announced it will open a new 855,000-square-fulfillment center at the developer’s new industrial complex in the New York City borough.