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.

Health Care & Education
CBRE: Growth of pharma, biotech firms offers bright future for R&D space in N.J.

Despite years of consolidation by Big Pharma, New Jersey is one of a handful of markets that stand to gain from a promising growth trajectory for the U.S. life sciences sector.

Professional Services
Kipcon inks new affiliation with fellow engineering firm

Kipcon Inc. has entered into a new affiliation with a longtime peer in the civil and structural engineering field, the North Brunswick-based firm said last week.

Industrial
Heller touts 4 million sq. ft. in 2017 activity

A distributor of industrial products has leased 90,000 square feet in Edison, in one of nearly three dozen transactions that helped Heller Industrial Parks maintain full occupancy in 2017.

Office
Local firm acquires 9,200 sq. ft. Cherry Hill building, NAI Mertz says

A nearby business will relocate to a 9,200-square-foot office and warehouse building in Cherry Hill, following a sale arranged by a broker with NAI Mertz.

Residential & Mixed Use
Investor pays $150 million for 896-unit Plainsboro apartment complex (UPDATED)

Another real estate investment firm has made its first foray into New Jersey, acquiring a nearly 900-unit garden apartment complex in Plainsboro.

Policy Page
Happy New Year or not? Federal reforms bring a mixed bag

Admittedly, “this (tax reform) legislation represents an important victory for NAIOP members and the commercial real estate industry. The first major tax reform in more than three decades, the Act recognizes the important contribution that commercial real estate is making to the economy by supporting pro-growth initiatives and acknowledging the long-term nature of commercial real estate investment.”

Office
Mack-Cali to subsidize Uber rides at Metropark buildings

Mack-Cali Realty Corp. will subsidize Uber rides to and from its suburban Metropark office buildings, under a newly announced partnership with the ridesharing company aimed at creating additional convenience at the properties.

Industrial
Pharma logistics firm takes 64,000 sq. ft. in S. Brunswick, Team Resources says

A logistics firm for the pharmaceutical sector has leased more than 60,000 square feet in South Brunswick, in one of three recent deals announced by Team Resources Inc.

Office
NAI Hanson brokers sale of office condos in Morris Co.

A law firm has acquired two professional office condominiums in Flanders as part of a deal announced this week by NAI James E. Hanson.

Finance & Capital Markets
Northern New Jersey’s top 10 industrial sales of 2017, according to RCA

At least for 2017, industrial became the new darling of institutional investors. Here are the top 10 industrial sales in New Jersey of 2017, according to Real Capital Analytics.