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.

Events
USGBC honors New Jersey sustainability leaders at annual gala

Sustainable and ecofriendly projects were in the spotlight on Wednesday night, as the U.S. Green Building Council of New Jersey handed out its annual green building awards.

Residential & Mixed Use
Bijou prepares to launch sales at new Hoboken condos

Bijou Properties is set to debut its latest luxury residential project in Hoboken, a set of 10 condominiums in the northwest section of the city.

Industrial
NAI Hanson: Tire recycler inks lease at Elizabeth industrial building

A tire recycler has leased nearly 30,000 square feet of industrial space in Elizabeth, under a newly announced transaction by NAI James E. Hanson.

Office
Ridgewood office building sells for $2 million, Marcus says

A well-known office building in Ridgewood has changed hands for $2 million, following a transaction arranged by Marcus & Millichap.

Editor’s Note
Making strides

No matter how much I write about commercial real estate, it’s never enough for me to fully appreciate the connection between a developer and one of his or her buildings. That said, Peter Sudler summed it up well enough earlier this year, when he spoke about demolishing a vacant, antiquated office building to make way for a new industrial development.

Residential & Mixed Use
Jersey City apartment, retail project lands $26.25 million construction loan

Progress Capital Advisors has secured more than $26 million in financing for the construction of a new nine-story, mixed-use building in the McGinley Square section of Jersey City.

Industrial
Duke Realty details 354,000 sq. ft. Perth Amboy lease with ecommerce logistics firm

A fulfillment and logistics firm will be the latest tenant at a new three-building, 1.3 million-square-foot industrial complex in Perth Amboy acquired by Duke Realty late last year.

Office
Colliers: State agencies ink full-building, 62,000 sq. ft. lease in Cherry Hill

The state of New Jersey has leased nearly 62,000 square feet at a Cherry Hill office park, brokers with Colliers International announced Tuesday.

Industrial
Team Resources touts new leases with printing, gift basket businesses

A graphics and printing business has leased 79,000 square feet in Garfield, in one of two new industrial deals announced Tuesday by Team Resources Inc.

Retail
Hoboken commercial condo fetches $6.6 million

An investor has purchased a 14,000-square-foot commercial condominium in downtown Hoboken, in a nearly $6.6 million deal arranged by The Kislak Co. Inc.