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.

Industrial
Dalfen, investors buy two-acre industrial outdoor storage parcel in Edison

An investment group led by Dalfen Industrial has acquired a nearly two-acre industrial outdoor storage property in Edison, brokers with CBRE announced Wednesday.

Professional Services
WilkinGuttenplan promotes Brady to co-leader of real estate practice

Accounting and advisory firm Wilkin & Guttenplan PC has promoted Amanda Brady to co-practice leader of its real estate division.

Retail
KidStrong takes 3,000 sq. ft. in Watchung as Blue Star upgrades continue, LMC says

Athletic play franchise KidStrong is headed to Watchung’s Blue Star Shopping Center, leasing 3,000 square feet as the property undergoes a multimillion-dollar upgrade.

Current Issue
Owners Council Q&A: Lou March

I feel like we’re in the starting gates at the Kentucky Derby, with immense potential waiting to be unleashed. Unfortunately, the gates remain locked by the financial markets. Until the lending environment opens up, that energy is being held back, and we’re all ready to run.

Government & Public Policy
Netflix lands key local approvals for Fort Monmouth studio campus, with EDA set to consider Aspire award this week

Netflix has secured two key local approvals for its plan to build a nearly $1 billion studio complex at Fort Monmouth, as it awaits a vote this week on what’s poised to be a lucrative tax credit incentive under the state’s Aspire program.

People
Woodmont adds three, promotes six to support fast-growing development pipeline

Woodmont Properties has announced a flurry of new hires and promotions in support of a development pipeline with more than $2 billion in commercial and multifamily projects.

Retail
Breakup of new Linden retail center continues with $7.4 million Wawa sale, SRS says

Cypress Equities and Stockbridge Capital Group have sold another piece of the new Legacy Square shopping center in Linden, reaping $7.4 million for the site of a Wawa ground lease.

People
T&M bolsters board with Higgs, Atlanta Beltline CEO and expert in public-private projects

T&M Associates, the Middletown-based professional services firm, has welcomed Clyde Higgs of Atlanta Beltline Inc. to its board of directors.

Industrial
Resource Realty inks 312,000 sq. ft. lease at new Brookfield warehouse in Orange County

Brookfield Properties has leased up more than 312,000 square feet of new industrial space in New York’s Orange County, in a deal arranged by Resource Realty of Northern New Jersey.

Office
McKinsey unveils new office in Newark after high-profile move to Edison’s Ironside building

McKinsey & Co. has opened the doors to its new office in Newark, where it will house some 700 employees after a high-profile move to the landmark Ironside Newark property.