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.

Retail
NAI Hanson brokers sale of Route 22 gas station

The new owner of a service station in Scotch Plains is set to modernize the 2,000-square-foot property, following a transaction brokered by NAI James E. Hanson.

Government & Public Policy
New Jersey Future announces 2018 Smart Growth Award winners

The nonprofit New Jersey Future will honor major redevelopments in Hoboken, Orange and Trenton, as well as former Gov. James Florio, as part of its annual Smart Growth Awards celebration in early June.

Events
Monmouth students offer vision for Roche site, win top prize at NAIOP competition

A team of Monmouth University students earned top honors recently at NAIOP New Jersey’s annual Intercollegiate Case Study Competition, offering a vision for redeveloping the former Hoffmann-LaRoche campus in Nutley and Clifton.

Finance & Capital Markets
Procida finances three retail centers for $5.86 million

Procida Funding has closed on three loans for nearly $6 million that will support retail centers in Morris, Essex and Hunterdon counties, the Englewood Cliffs-based lender said recently.

Professional Services
C&W hires veteran New Jersey leasing executive

A longtime leasing executive for some of the state’s top landlords has joined Cushman & Wakefield in New Jersey.

Current Issue
Finding new life: Young pharma, biotech firms offer second chance for New Jersey’s legacy R&D space

A growing pipeline of young life sciences firms has offered a second chance for New Jersey’s stock of legacy laboratory space. In the process, the ventures have served as anchors for developers seeking to repopulate large, vacant pharmaceutical campuses with turnkey laboratories.

Health Care & Education
Limited options for pharmaceutical manufacturing

For all of the success in backfilling New Jersey’s legacy lab space, doing the same for vacant pharmaceutical manufacturing buildings has been decidedly more difficult.

Health Care & Education
Cities: The next frontier for New Jersey R&D

As young life sciences companies search for lab and R&D space, Dan Loughlin sees a new frontier emerging in the years to come — urban centers.

Industrial
TJ Maxx among high-profile Q1 industrial deals in New Jersey

Industrial space in and around New Jersey continued to attract household names in the first quarter, as leasing activity remained on a strong and steady pace to start the year.

Residential & Mixed Use
Pennrose, public officials unveil 84-unit project in Edison

Pennrose and Middlesex County have completed the adaptive reuse of a historic hospital complex in Edison, resulting in 84 new units of affordable senior housing.