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.

Professional Services
Planned Cos. names new chief operations, revenue officers

Two long-serving executives are set to join the C-suite at Planned Cos., a Parsippany-based firm that provides janitorial, maintenance and other services to residential and commercial buildings.

Industrial
NAI Hanson: Kosher caterer buys 5,800 sq. ft. Hackensack building

A kosher catering business is expanding into a 5,800-square-foot industrial building in Hackensack, following a sale arranged by a broker with NAI James E. Hanson.

Office
Hair Club inks 5,250 sq. ft. renewal in Marlton, WCRE says

A hair loss solutions provider has renewed and expanded its footprint off Route 73 in Marlton, under a 5,250-square-foot lease brokered by Wolf Commercial Real Estate.

Sponsored Content
Trend Watch Oct. 30: Smaller leases keep office market in neutral

Leases in the 10,000-25,000-square- foot range accounted for more than one-half of signed deals in the Northern and Central New Jersey office market.

Residential & Mixed Use
Woodmont, Baker break ground on 220-unit luxury rental project in Bayonne

Developers have kicked off a project that will bring more than 200 luxury apartments to the western shore of Bayonne, one of a half-dozen redevelopment efforts now underway in the city.

Industrial
Study shows port’s outsized impact on tax revenue, industrial market

The port industry of New York and New Jersey, one of the key drivers of the Garden State’s booming industrial real estate sector, accounted for nearly $8.5 billion in tax revenue last year.

Government & Public Policy
Greater Trenton names new VP of marketing

The two-year-old nonprofit aimed at shepherding economic development in Trenton has bolstered its team with the hiring of a vice president of marketing and communications.

Office
Bergman set to debut new amenities at Florham Park office campus

Bergman Real Estate Group is set to unveil about 5,000 square feet of new tenant amenity space at a 115,000-square-foot Florham Park office building, the real estate firm said this week.

Office
Marcus & Millichap: Palisades Park office building fetches $3 million

An outgoing owner-occupier has sold a 2,000-square-foot office building in Palisades Park, in a $3 million deal arranged by brokers with Marcus & Millichap.

Residential & Mixed Use
CIS opens new senior housing in place of Sandy-damaged complex in Middletown

A developer has opened a new affordably priced, senior housing community in Monmouth County at the site of a complex that was damaged so badly by Hurricane Sandy that it had to be demolished.