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
Avison Young: Bergen County building fully leased after 50,000 sq. ft. deal

A life sciences firm will occupy nearly half of a 115,000-square-foot building in Allendale, under a new long-term lease that brings the flex property to full occupancy.

Office
Prism launches new website, digital platforms for Roche redevelopment

Prism Capital Partners has unveiled a new website and social media platforms for the ongoing redevelopment of the former Hoffmann-La Roche campus in Clifton and Nutley, as part of its effort to gather community input at what is now known as ON3.

Residential & Mixed Use
CBRE: Deal sets the stage for redevelopment near train station

CBRE has brokered the long-awaited sale of an industrial site in Long Hill Township, paving the way for a proposed redevelopment of the property as a new transit-oriented community.

Residential & Mixed Use
East Orange apartment sales total $11.75 million

Seven apartment buildings with 140 units in East Orange have changed hands for a combined $11.75 million, in a set of transactions announced Friday by The Kislak Co. Inc.

Industrial
Parts distributor takes 3,100 sq. ft. in Bergenfield, NAI Hanson says

An automotive and truck parts distributor will join the tenant roster at a Bergenfield commercial building, following a 3,100-square-foot lease arranged by NAI James E. Hanson.

Residential & Mixed Use
Cervelli brokers investment sales in Jersey City, West New York

An investor has paid nearly $1.2 million for a six-unit apartment building in Jersey City, in one of two recent transactions brokered by Cervelli Real Estate & Property Management.

Trend Watch
Trend Watch Dec. 11: Strong pre-leasing drives construction across the industrial sector

Pre-leasing rates of 89.3 percent on 2017 deliveries prompt developers to put shovels in the ground at record levels. 2 million square feet forecast for delivery in 2018 surpasses anything seen this cycle.

Residential & Mixed Use
VIDEO: Gateway project taking shape in Atlantic City

The $220 million Gateway project is quickly taking shape along the Atlantic City shoreline, as seen in this latest video from developer AC Devco.

Professional Services
A new way to invest: NAI DiLeo-Bram launches online equity raising platform

NAI DiLeo-Bram & Co. has unveiled a new online equity raising platform, seeking to tap into the future of private real estate investing and expand the pool of would-be investors.

Residential & Mixed Use
Panepinto tapped for $2.1 billion project in South Korea

Panepinto Properties is taking its experience in waterfront development all the way to South Korea, where it has been tapped to help oversee a $2.1 billion project outside the nation’s capital.