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
With new locations, Amazon growing N.J. presence by nearly 3 million sq. ft.

Amazon has formally unveiled plans for three new fulfillment centers in New Jersey, adding to what is already a sprawling footprint across the state’s industrial real estate market.

Office
Japanese investor acquires stake in Normandy platform

After starting as an investor in several projects by Normandy Real Estate Partners, a Japanese development group has expanded its role by becoming a partner of the Morristown-based firm.

Retail
Tucker unveils seven new retailers at Springfield Avenue project in Newark

The retail portion of Tucker Development’s major mixed-use project in Newark is now 85 percent leased after recent commitments from seven new retailers, the firm said Thursday.

Health Care & Education
Bergen County medical office building draws new tenant, NAI Hanson says

Brokers with NAI James E. Hanson have inked a new lease at a 28,000-square-foot medical office building in Fair Lawn, the Hackensack-based firm said Thursday.

Industrial
CBRE: New industrial complex rises at site of massive 2016 fire

After being destroyed last year by a high-profile fire, a Somerset County industrial complex is coming back to life as a new 700,000-square-foot distribution facility.

Hospitality & Tourism
New owner plans top-to-bottom upgrades at Monmouth County hotel

A well-known hotel in Monmouth County is getting a multimillion-dollar makeover after being acquired last month by an East Windsor-based hospitality group.

Residential & Mixed Use
Developer: New 44-story rental tower in Jersey City nearly complete

A developer is on the verge of completing a new 45-story residential tower in Jersey City, as it prepares to begin leasing for the building’s nearly 450 high-end apartments.

Residential & Mixed Use
Editor’s note: A new kind of New Jersey real estate

As you might imagine, I’m usually the one asking the questions when it comes to commercial real estate. But occasionally people will flip the script and ask me what I’m seeing in the market. My response is almost never about…

Residential & Mixed Use
Acquisition clears the way for Denholtz to begin mixed-use Red Bank project

Denholtz Associates has acquired the final piece of a site in Red Bank that will soon become home to renovated office space and 45 new luxury apartments just steps from a train station.

The Rundown
Straub looks to reopen former Revel casino by June 15, report says

The former Revel casino hotel in Atlantic City — Courtesy: Governor’s Office/Tim Larsen By Real Estate NJ Glenn Straub, the owner of the former Revel casino in Atlantic City, said he now plans to reopen the shuttered property in less…