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.

Industrial
Duke announces 264,085 sq. ft. lease in Cranbury with lighting company

A lighting manufacturer is expanding its Northeast distribution center footprint as part of a recently announced, 264,085-square-foot lease in Cranbury with Duke Realty.

Industrial
Retail, warehouse property in East Brunswick changes hands

An investment group has acquired a 41,500-square-foot retail and warehouse property in East Brunswick, in a deal announced Thursday by Sheldon Gross Realty.

Top News
Mercer County decision, future of affordable housing in focus at NJBA panel

A recent high-profile court ruling may not have ended the battle over affordable housing in New Jersey, but insiders say it has become an important guidepost in a process that is still filled with uncertainty.

Office
N.J. office market shows upside, reports say, despite tepid leasing

Leasing volume in New Jersey’s office market has trended downward since last year, but observers are finding reasons to be optimistic heading into the spring.

Office
Investors plan to restore historic Hackensack office building

A joint venture has closed on its purchase of a historic 34,000-square-foot office building in downtown Hackensack, where it plans to restore the property while attracting new tenants.

Office
Blau & Berg tapped to market Newark office tower

The owner of a well-known, 18-story office tower in downtown Newark has hired The Blau & Berg Co. to market the building to new tenants.

Industrial
BRC brokers Avenel industrial sale for $800,000

A party rentals company has acquired a 10,125-square-foot industrial building in the Avenel section of Woodbridge, according to brokers with Bussel Realty Corp.

Residential & Mixed Use
Developers, officials hail Jersey City project as step forward for Lafayette neighborhood

A joint venture led by Ironstate Development Co. has broken ground on a new luxury rental building in Jersey City’s Lafayette section, continuing the city’s push to expand development beyond its downtown.

Residential & Mixed Use
Boraie tops out 168-unit residential tower in Newark

A long-awaited, 168-unit apartment tower in downtown Newark is on track to open late this year, as its developer and public officials gathered Tuesday to mark a milestone in the project.

Finance & Capital Markets
CMC: South Plainfield warehouse owner refis for $5 million

Commercial Mortgage Capital has arranged a $5 million loan for the owner of a 158,000-square-foot warehouse in Middlesex County, the firm announced recently.