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.

Apartment portfolio in N.J., Pa. fetches $34 million

An owner of more than 40 years has sold a two-state multifamily portfolio spanning more than 500 apartments, including a 268-unit garden property in Camden County, in a nearly $34 million deal arranged by Gebroe-Hammer Associates.

Blau & Berg brokers 260,000 sq. ft. sublease with logistics firm

A logistics firm has leased more than 260,000 square feet at a Heller Industrial Parks building in Edison, according to brokers with The Blau & Berg Co.

Restaurant picks North Plainfield for first N.J. location, NAI Hanson says

A restaurant chain is making its entrance to New Jersey with the opening of a new location in North Plainfield, following a lease negotiated by NAI James E. Hanson.

Essex County office building fetches $800,000, Newmark says

Newmark Associates has brokered the sale of a 4,700-square-foot office building in Cedar Grove, the firm said recently.

From bankers to Blackstone, Rutgers conference goes inside the minds of institutional investors

Commercial real estate in New Jersey remains a major draw for institutional investors, from regional banks to life insurance companies to the global private equity giant Blackstone. Executives from each of those institutions said as much on Tuesday during a conference hosted by the Rutgers Business School, offering a look at their investment strategy in both the Garden State and beyond.

Friends, colleagues honor Arthur Greenbaum and ‘a life of the highest value’

Family, friends and colleagues gathered to celebrate the life of Arthur M. Greenbaum, a beloved figure in the real estate and legal communities for more than 60 years. Greenbaum died in April at age 91, leaving a legacy of professional achievements and a legion of adoring friends and colleagues across New Jersey’s real estate community.

Veteran retail broker returns to NAI Hanson

A longtime retail property executive has rejoined NAI James E. Hanson as a sales associate in its Parsippany office, the commercial real estate services firm said.

Sheldon Gross brokers deal with TV production firm in Maplewood

A television production company has joined the tenant roster at a 54,000-square-foot office building in Maplewood, following a deal brokered by Sheldon Gross Realty.

JLL picked to market Somerset County office building

The owner of a 120,528-square-foot office building in Warren has hired JLL to oversee leasing at the property, the commercial real estate services firm said Tuesday.

Leasing opens at new 320-unit rental project in North Bergen

A Philadelphia-based developer is taking the wraps off its first project in New Jersey, a 320-unit luxury apartment complex along the Hudson waterfront in North Bergen.