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
Office REIT paying $313 million for Jersey City building

A real estate investment trust will pay $313 million for a Jersey City office tower, the company said, marking its second major acquisition in the state in two months.

Industrial
CBRE: 71,000 sq. ft. food facility trades in Carteret

A food production and distribution facility in Carteret has changed hands as part of a two-state, three-building sale-leaseback transaction announced Wednesday by CBRE.

Finance & Capital Markets
G.S. Wilcox secures $43.4 million loan for N.Y. apartment builder

G.S. Wilcox & Co. has arranged $43.4 million in financing for a newly built 270-unit apartment complex in Orange County, New York, the Morristown-based firm announced.

Residential & Mixed Use
Buyer sought for 896-unit Plainsboro community, HFF says

Another apartment community has hit the market in Plainsboro, an affluent suburb where investors have shown an appetite for value-add opportunities at garden-style properties.

Office
Tech-focused Ironside Newark project earns Wired Certified Platinum status

Edison Properties’ plan to build more than 450,000 feet of modern, loft-style office space at a historic Newark warehouse has earned the recognition of WiredScore, a rating service for technology and connectivity in commercial buildings.

Office
NAI Hanson: Brooklyn management firm moving to Bergen County

A property management firm is relocating from Brooklyn to a recently upgraded office building in Bergen County, following a 1,440-square-foot lease arranged by NAI James E. Hanson.

Retail
Acupuncture, kickboxing chains hire R.J. Brunelli as leasing agent

Two health and wellness operators have tapped R.J. Brunelli & Co. LLC to oversee their expansion in New Jersey, the Old Bridge-based retail brokerage said recently.

Residential & Mixed Use
A new corporate address: Flexible-stay community brings a new type of amenity to Florham Park campus

In a time when developers are increasingly creative with the amenities they offer at suburban office parks, corporate housing has become the latest offering at a campus in Florham Park.

Government & Public Policy
With ‘critical’ election looming, industry leaders set to gather for NJBA fundraiser

In a state that is undergoing sweeping changes to its economy and demographics, real estate leaders are gearing up to make sure that those changes are well-known to elected officials.

Retail
RKF touts 13,000 sq. ft. in retail leases in Jersey City

Five tenants will combine to fill the ground floor of a new mixed-use development in Jersey City, following a series of leases arranged by brokers with RKF.