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
SJP launches leasing at second Fort Lee residential tower

SJP Properties is set to open its second 47-story residential tower at the foot of the George Washington Bridge, as it nears the completion of a high-profile redevelopment project in Fort Lee.

Office
Roadway, utility upgrades underway at Prism’s ON3 campus

Prism Capital Partners has launched nearly $10 million in roadway and utility upgrades at the former Hoffmann-LaRoche campus in Nutley and Clifton, as it prepares to welcome new tenants to the 116-acre redevelopment site.

People
Environmental, land use attorney joins McManimon Scotland

By Joshua Burd McManimon, Scotland & Baumann LLC has added to its team of environmental and land use attorneys with one of its newest hires. The Roseland-based firm announced the recent addition of Alexander D. Lehrer as an associate. His…

Photos
SLIDESHOW: New Jersey firms at ICSC RECon in Las Vegas

Brokers, service providers and developers from the Garden State were among those on hand last week for the International Council of Shopping Centers’ annual RECon event in Las Vegas. Here are just some of the photos of New Jersey-based firms that attended the show.

Trend Watch
Big box space conundrum

At mid-2Q 2018 only three Class A industrial buildings larger than 500,000 square feet were available for lease throughout New Jersey. The shortage of space caused leasing to slow down at the start of the year without any big-box leases signed in first five months of 2018. On a positive note, five buildings greater than 500,000 square feet are set to break ground in 2018.

Residential & Mixed Use
Capodagli breaks ground on 145-unit rental project, its latest in Linden

Capodagli Property Co. has kicked off the latest project in its fast-growing pipeline — a development that will bring 145 new apartments and a restaurant to its home city of Linden.

Office
South Jersey Gas offers sneak peek at new Atlantic City headquarters

With completion slated for later this year, the future headquarters of South Jersey Gas in Atlantic City was on display Thursday as the utility hosted a tour of the 75,000-square-foot project.

Residential & Mixed Use
East Orange apartment tower trades for $22 million, Marcus & Millichap says

Investors have acquired a 206-unit apartment high-rise in East Orange for $22 million, in a deal announced Thursday by Marcus & Millichap.

Office
NAI Hanson inks sale of medical office condo in Bergen County

A surgery practice is moving within Bergen County after acquiring a medical office condo in River Edge, brokers with NAI James E. Hanson said Thursday.

Professional Services
CBRE announces new investment sale brokers in New Jersey

CBRE has added to its team of investment sale brokers in New Jersey with three new hires.