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.

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SLIDESHOW: NAIOP New Jersey’s 31st commercial real estate awards

NAIOP New Jersey’s annual commercial real estate awards, the state’s largest industry event of the year, drew a sellout crowd of more than 800 to The Palace at Somerset Park on May 10.

Industrial

NAI Hanson inks three renewals at Englewood business park

Three tenants have renewed their leases at an Englewood business park, according to brokers with NAI James E. Hanson who arranged the deals.

Government & Public Policy

Liquor license reform bill clears Assembly committee

A bill that would expand New Jersey’s pool of liquor licenses, widely seen as a potential catalyst for economic development, has taken a key step forward in the state Legislature.

Industrial

Elberon: New deals bring Elizabeth building to 100 percent leased

Elberon Development Group has signed two new leases at a 115,000-square-foot warehouse in Elizabeth, including a deal with a foot care business that is relocating from Brooklyn.

Office

Princeton-area office park sells for $5.2 million, CPN says

An investment group has acquired a 100,000-square-foot office park in West Windsor for $5.2 million, in a deal announced Thursday by Commercial Property Network Inc.

Professional Services

Dewberry promotions include 12 in Bloomfield, Parsippany offices

Dewberry has promoted a dozen employees in its New Jersey offices as part of more than 80 promotions announced Thursday by the professional services firm.

Retail

Gourmet market, deli leases 5,000 sq. ft. for second Jersey City location

A gourmet community market and deli will join the retail mix at the growing Jersey City neighborhood known as SoHo West, where it has leased 5,000 square feet.

Health Care & Education

Hollister kicks off Newark hospital rehab, arts hub for nonprofit (SLIDESHOW)

A nonprofit focused on education through glassmaking will anchor a historic hospital building in Newark that is now being restored as a creative hub for arts and sciences.

Roundtable

How is technology changing construction — or creating new development opportunities?

How is technology changing construction — or creating new development opportunities? We assembled a panel of industry experts to tackle this month’s question.

With an eye on technology, Camden tower will be built to convert parking to office space

The developers of a new office tower in Camden are building with an eye toward driverless vehicles and carpooling, with a design that allows them to convert part of a parking structure into additional office space if the need for parking declines.