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
MonGroup unveils final phase of West New York redevelopment project

A developer has opened the doors of a new 40-unit apartment building in West New York, marking the completion of a plan to redevelop the former site of a handbag factory that once employed thousands of immigrants who settled in the area.

Industrial
Zimmel brokers $12.6 million in warehouse, office sales

A privately held distribution firm has sold an 85,000-square-foot warehouse in Woodbridge for nearly $10 million, in one of two recent transactions arranged by Zimmel Associates.

Retail
Transwestern: Carpet, flooring business is latest tenant at Teaneck building

A carpet and flooring store has doubled its footprint and relocated to a Teaneck commercial building, in a 2,000-square-foot deal brokered by Transwestern.

Retail
Passaic County retail building trades for $2.3 million

A private investor has paid $2.3 million for a nearly 8,000-square-foot retail property in Pompton Lakes, brokerage firm Marcus & Millichap said Monday.

Office
Report: Barclays paying $69 million for redeveloped Whippany office park

A joint venture has sold a 525,000-square-foot office park in Hanover to Barclays PLC for $69 million, following efforts to reposition the property with a series of upgrades and a new amenities center.

Retail
Morris County shopping center developer touts new openings, leases with national tenants

A planned 107,000-square-foot retail center at a redevelopment site in Cedar Knolls is nearly 80 percent leased, with a mix of national and regional tenants set to occupy the space.

People
Leasing, asset management executive joins Onyx

Onyx Equities has bolstered its asset management team with the hiring of a new senior vice president of office leasing.

Office
NKF tapped to broker sale of Mack-Cali buildings in Hamilton

Mack-Cali Realty Corp. has hired Newmark Knight Frank to sell six office buildings in Mercer County, as the company continues to trim its portfolio of suburban properties.

The Rundown
Christie: Borgata, Caesars planning ‘significant new investments’ in Atlantic City

The owners of the Borgata and Caesars casinos in Atlantic City appear poised to work together on an upcoming investment or development project in the seaside resort town.

Event Coverage
Monmouth dinner honors NJBA, NAIOP leaders for decades of advocacy

It was a night to honor the chief executives of two of the state’s most influential real estate trade associations, as hundreds turned out for an annual industry dinner at Monmouth University.