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
Westfield apartment project is a milestone for developers, local officials

There is no doubting the appeal of a site that is less than a block from a train station and in the heart of downtown Westfield, one of New Jersey’s most acclaimed shopping districts. But if you ask executives with The Hampshire Cos., a good location isn’t a guarantee of success.

Office
NAI Hanson marketing medical office building near Hackettstown hospital

Atlantic Health System has tapped brokers with NAI James E. Hanson to market a medical office building on the campus of Hackettstown Medical Center, the real estate services firm announced.

Retail
Somerset County retail center sells for $3.1 million, Marcus & Millichap says

A developer has sold an 8,400-square-foot retail center in Bound Brook for more than $3 million, in a deal brokered by Marcus & Millichap’s New Jersey office.

Residential & Mixed Use
Advance, DeBartolo kick off leasing at new Harrison rental project (SLIDESHOW)

Developers have taken the wraps off a new 286-unit rental community inspired by Harrison’s industrial past, the latest apartment building to come to the town’s waterfront redevelopment zone.

Hospitality & Tourism
Gaming executive coming home to lead Hard Rock Atlantic City

Hard Rock International has tapped a New Jersey native and veteran gaming executive to serve as president of the company’s highly anticipated casino in Atlantic City.

Industrial
Newmark: Clifton industrial building fetches $6.6 million

Newmark Associates has brokered the $6.6 million sale of a 10,000-square-foot industrial complex at the junction of routes 3 and 21 in Clifton, the firm said Monday.

Retail
Flooring business opens at ex-Sports Authority site in Paramus

A former Sports Authority building in Paramus has found new life as a location for a flooring and tile seller that is expanding in New Jersey, The Goldstein Group said Monday.

Roundtable
In a crowded New Jersey multifamily market, what are the biggest concerns, objectives or factors to consider when developing or financing a new project?

In a crowded New Jersey multifamily market, what are the biggest concerns, objectives or factors to consider when developing or financing a new project?

Industrial
Colliers: Preleasing continues at spec industrial buildings in N.J.

Industrial space continues to be a winning bet for New Jersey developers, as tenants preleased some 3.5 million square feet of speculative buildings that were delivered in the second quarter.

Office
Office market takes small step forward in Q2, NKF says

The state’s office market saw modest gains during the second quarter, even as landlords continue to grapple with high vacancy and new blocks of space coming available in suburban locations.