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
NKF: Midsized deals in life sciences, tech highlight Q1 office leasing

A lease by a life sciences company in Morristown and a tech firm’s expansion in Hoboken were among New Jersey’s top office deals in the first quarter, as part of a market that saw availability inch downward to start the year.

Office
Repositioned office campus in Bridgewater sells for $46 million

An investment firm has sold a Bridgewater office campus for $46 million, nearly double the amount it paid for the property in 2015 before launching a series of upgrades.

Health Care & Education
EDA touts small business funding at Linden laboratory business

A drug testing and monitoring company has unveiled its new 23,400-square-foot headquarters and laboratory in Linden, thanks to a mix of private and public funding sources.

Office
Joint venture names NKF leasing agent at Morris Corporate Center IV

The new owners of two high-end office buildings at the Morris Corporate Center campus in Parsippany have tapped Newmark Knight Frank to oversee leasing at the properties.

Industrial
Tulfra inks $5 million sale of Totowa industrial condo

Tulfra Real Estate has sold a 27,000-square-foot industrial condominium in Totowa for $5 million, the latest transaction at a redeveloped office and industrial park.

Finance & Capital Markets
Progress Capital brokers $3.6 million refinance for retail property in Perth Amboy

The owner of more than 26,000 square feet of retail space in Perth Amboy has refinanced after securing a lease with a growing fitness operator.

Industrial
Marcus & Millichap bolsters N.J. industrial practice with newest hire

A well-known broker has joined Marcus & Millichap in New Jersey, with the goal of building a team and expanding its presence in the region’s booming industrial sector.

Hospitality & Tourism
Ocean Resort Casino in Atlantic City inks partnership with Hyatt

The former Revel Casino Hotel in Atlantic City is slated to open this summer as part of an upscale Hyatt brand, under a new partnership announced by its owner and the hotel chain.

Industrial
Colliers brokers three industrial sales in Pennsauken

Three industrial buildings in Pennsauken have changed hands for a combined $7.7 million, according to Colliers International brokers who completed the deals.

Industrial
BRC adds two vice presidents to brokerage team

Bussel Realty Corp. has expanded its team with the addition of two vice presidents.