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.

Office
Medical office building trades for $1.16 million

Bussel Realty Corp. has brokered the sale of a 10,800-square-foot medical office building in the Somerset section of Franklin, the firm said Monday.

Residential & Mixed Use
Developer kicks off $48 million Camden apartment project (VIDEO)

A development team has broken ground on a new 156-unit apartment building on the Camden waterfront, kicking off what will be the city’s first newly built market-rate units in 25 years.

Industrial
Port Reading lease among recent deals by Mertz in central, southern N.J.

A new tenant has leased 230,100 square feet at a Woodbridge industrial building, in one of several New Jersey deals announced Friday by NAI Mertz.

Office
Fintech firm leaving Manhattan, leases 8,000 sq. ft. in Newark

A financial technology firm will relocate to Newark from Manhattan later this year, following an 8,000-square-foot lease at the historic Hahne & Co. building downtown.

Office
Woodbridge office, medical building trades for $8.5 million

A private investor has paid $8.5 million to acquire a 62,000-square-foot medical and office complex in Woodbridge, brokers with Marcus & Millichap said Friday.

Office
WCRE brokers sale of 17,500 sq. ft. Cherry Hill office building

An investor has acquired a 17,500-square-foot commercial building in Cherry Hill, with plans to renovate and welcome new tenants to the property later this year.

Residential & Mixed Use
For Mack-Cali, Morris Plains project will be a showcase for office-to-residential conversion

The former site of an outdated, long-vacant office building in Morris Plains has been reborn as luxury apartments and is now on a path to “a much longer and better livelihood.” At least, that’s how Andrew Marshall described it on Thursday as he welcomed local officials and the development team to the property at 250 Johnson Road.

Office
Rochelle Park office building sold for second time in eight months

A nearly 220,000-square-foot office building in Rochelle Park, has changed hands for the second time in less than a year, following a sale announced Thursday by Colliers International.

Residential & Mixed Use
Developer finding success with high-end condo project in Weehawken, its first in New Jersey

With move-ins slated to begin this month, Landsea Homes is off to an auspicious start at Avora, its new upscale condominium project in the Port Imperial section of Weehawken. The developer has sold 40 percent of the project’s 183 homes — with a formula that includes resort-style amenities, sustainable construction and what Gabe Pasquale proudly describes as a “bullseye view” of Midtown Manhattan.

People
Turner names two new VPs in New Jersey

By Joshua Burd Turner Construction Co. has promoted two longtime team members in New Jersey to vice president. The construction services firm announced recently that it has elevated Steve Annese to vice president and construction executive. Meantime, it promoted Dexter…