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.

Residential & Mixed Use
Colliers: Retail leasing continues at mixed-use Montclair project

An indoor cycling operator has leased nearly 2,500 square feet at a new mixed-use property in downtown Montclair, making it the latest retail tenant to sign on with developer LCOR.

Office
Newmark Associates brokers $3.3 million office sale in Morris County

An office building in downtown Morris Plains has changed hands for more than $3 million, following a sale brokered by Newmark Associates.

Health Care & Education
Medical office building fetches $2.9 million in Cherry Hill

An investor has paid $2.9 million to acquire a 40,000-square-foot medical office building in Cherry Hill, according to commercial real estate firm Markeim Chalmers Inc.

Residential & Mixed Use
Developer, HMFA mark debut of affordable housing project in Ocean County

Residential developer Walters Group has unveiled the first piece of a new 118-unit, income-restricted rental property in Ocean County.

The Rundown
Builders, unions wary of plans to change PILOTs in Jersey City, report says

Proposals before the Jersey City council would increase the requirements on developers who receive tax abatements, a published report said, prompting concern among the builders and construction workers who have become a familiar sight in the municipality.

Industrial
Elmwood Park warehouse changes hands, brokers say

Private investors have acquired a 425,000-square-foot warehouse in Elmwood Park that serves as a distribution center for Marcal paper products, according to brokers involved in the deal.

Industrial
CBRE brokers leases with food manufacturer, other tenants at Somerset industrial park

The owner of a six-building industrial park in Somerset County has completed 50,000 square feet in leasing activity, in a series of recent deals arranged by CBRE Group Inc.

Office
WCRE: Camden County office building welcomes new tenant

Wolf Commercial Real Estate has completed a roughly 4,000-square-foot lease at a Camden County office building, the real estate services firm said Friday.

Residential & Mixed Use
At long last: Beachfront, downtown projects move ahead in Jersey Shore town

More than a decade after the debut of the landmark, mixed-use Pier Village complex, Long Branch has other developments under construction or in the pipeline along its oceanfront, including new luxury condominiums. And along Lower Broadway, a developer is in the midst of demolishing dozens of blighted properties, following the resolution of what had been a fierce legal battle over back taxes and entitlements. The demolition is now clearing the way for a mixed-use project that could begin to transform the downtown as soon as next year.

Residential & Mixed Use
FEM project brings a taste of South Beach to Long Branch

Mimi Feliciano recalls spending the early part of her college years in Miami — and how it wasn’t long before she fell in love with everything from the architecture to the lifestyle. It’s one reason why she and her firm, FEM Real Estate, have grand designs of bringing a taste of South Beach to her home state with its new project, South Beach at Long Branch.