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.

Retail
NAI Hanson: British furniture chain inks 6,000 sq. ft. lease in Paramus

A high-end furniture chain is expanding into Paramus with a new 6,000-square-foot store on Route 17, in a transaction brokered by NAI James E. Hanson.

Office
Prism touts 65,000 sq. ft. in leasing at Bloomfield office park

A four-building, 380,000-square-foot office park in Bloomfield is nearing 90 percent occupancy after a flurry of new leases and renewals.

Photos
MCEDC honors real estate deals, business leaders at annual luncheon (SLIDESHOW)

The Morris County Economic Development Corp. recently hosted its 26th annual Partners in Economic Development Awards Luncheon, in an event that recognized several high-profile real estate deals in the county from the past year.

Professional Services
IOREBA panel gauges investor demand for N.J. industrial, office space

Officers of IOREBA joined panelists at the dais for the organization’s annual Developer Night, which drew hundreds of industry leaders to the Teaneck Marriott at Glenpointe. — Courtesy: William Neumann Photography By Joshua Burd Sellers of high-end office and industrial…

Residential & Mixed Use
Jersey City condo project tops out with more than 200 units sold

A new two-building luxury condominium project in Jersey City is more than 50 percent sold, as its developer hails the completion of vertical construction in the city’s Newport section.

Office
Upgrades spur new activity at Hackensack office complex, owners say

The owners of a well-known office complex in Hackensack have made $15 million in upgrades, driving more than 100,000 square feet in leasing activity over the past 18 months.

Policy Page
Collaborative deals: The new norm in Jersey

In listening to the presentations by the eight finalists for NAIOP’s annual Deal of the Year competition, what struck me most was the collaborative nature and level of cooperation that is taking place among all the participants in both the public and private sectors. It wasn’t always this way.

Industrial
LMC: Shoe wholesaler inks 103,000 sq. ft. industrial lease in Piscataway

A shoe wholesaler has signed a full-building lease for a 103,350-square-foot warehouse in Piscataway, representatives with Levin Management Corp. said Wednesday.

Hospitality & Tourism
Hoboken mayor unveils plans for new 17-story, waterfront hotel

Plans for a new waterfront hotel in Hoboken are reportedly set to move forward after winning the support of the city’s new mayor.

Office
HFF brokers $31.4 million sale to first-time office buyer

A longtime residential investor is expanding into the office sector, acquiring a four-building, 305,000-square-foot portfolio in Burlington County.