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
Jersey City rental tower hits leasing milestone

Five months after debuting its new luxury rental tower in Jersey City, Fisher Development Associates has leased more than 50 percent of the building’s 448 apartments.

Retail
East Brunswick retail center sells for $25.4 million, HFF says

A joint venture has sold a 117,000-square-foot, grocery-anchored shopping center in East Brunswick for more than $25 million, in a deal arranged by brokers with HFF.

Retail
Colliers: Entertainment park leases 24,000 sq. ft. in Middlesex County

A trampoline and entertainment center has opened inside a Middlesex County shopping center, following a 24,000-square-foot lease announced Tuesday by Colliers International.

Professional Services
NAI Hanson adds new sales associate

A sales associate with a background in property management and technology has joined the ranks at NAI James E. Hanson, the real estate services firm said Tuesday.

Industrial
Port Jersey industrial building hits the market for lease

CBRE brokers are seeking tenants for nearly 240,000 square feet of industrial space in Hudson County, at a complex alongside the Global Container Terminal facility in Jersey City.

Photos
PHOTOS: NAIOP New Jersey’s annual meeting and commercial real estate outlook

A crowd of more than 300 turned out Monday, Jan. 22, for NAIOP New Jersey’s annual meeting and commercial real estate outlook event.

Trend Watch
Trend Watch Jan. 24: IT sector fuels office demand

The IT sector surpassed the financial services and pharmaceutical/life sciences segments as a driver of growth for the New Jersey economy and the commercial real estate market.

Office
CBRE, Gensler weigh impact of driverless cars on real estate (SLIDESHOW)

CBRE and Gensler co-hosted a client event in early December, held at Gensler’s newly renovated office headquarters in Morristown and attended by more than 100 industry professionals.

Office
Prism set to begin high-end office project in downtown Morristown

A rare infusion of new Class A office space is coming soon to downtown Morristown, as a developer prepares to begin a project that will deliver about 50,000 square feet to the central business district.

Event Coverage
NAIOP reveals gala honorees during 2018 kickoff event

Jon F. Hanson of The Hampshire Cos. will be among the top honorees this spring at NAIOP New Jersey’s annual awards gala, headlining a list of influencers and key industry players.