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.

Roundtable
What is the next frontier for amenities and technology in corporate office space?

What is the next frontier for amenities and technology in corporate office space? We assembled a panel of industry experts to tackle our question of the month.

Professional Services
WCD: New and improved cost cap insurance could spur additional environmental cleanups

A consulting and engineering firm has teamed with a global insurance agency to expand coverage for environmental cleanups, with the goal of spurring remediation at sites that are otherwise seen as too costly or risky for property owners to take on.

Office
Transwestern seeking tenants for Parsippany office building

Brokers with Transwestern are marketing a nearly 182,000-square-foot office building for sublease in Parsippany, in what they say is the largest block of such space in the submarket.

Residential & Mixed Use
Hudson County rental property sells for $1.2 million

A private investor has reaped more than $1.2 million from the sale of a 6,250-square foot multifamily property in Hudson County, according to brokers with Marcus & Millichap.

Policy Page
It’s time to push the reset button on New Jersey’s ‘municipal madness’

Our next governor and new Legislature best be laser-focused on two immediate priorities: investing and deploying critical resources into our transportation system and stimulating permanent property tax reductions through shared services and municipal consolidations.

Professional Services
Engineering a solution: How PS&S helped create a path forward for Atlantic City’s iconic Steel Pier

The newest addition to the Atlantic City skyline is not another casino, but a 230-foot-tall observation wheel that will become the latest and greatest piece of the iconic Steel Pier. The year-round attraction is now open to the public, but that might not be the case without the work of an architecture and engineering firm with deep ties to the seaside resort town.

Office
Design firm unveils new Parsippany HQ for maker of Nutella, Tic Tacs (SLIDESHOW)

Drawing inspiration from well-known brands such as Nutella, a Millburn-based architecture firm is touting the design of a newly completed headquarters space for Ferrero USA.

Professional Services
Babineau joins Rutgers real estate center executive committee

One of the state’s top real estate attorneys has joined the executive committee at The Center for Real Estate at Rutgers Business School.

Office
Segal LaBate: New owner plans to create tech hub at historic Trenton bank building

A technology consulting firm has acquired a historic 78,000-square-foot bank building in Trenton, with plans to reposition the property as a hub for innovative businesses.

Finance & Capital Markets
HFF brokers $10 million in loans for South Jersey industrial trades

Investors have acquired three industrial buildings in Burlington County, thanks in part to nearly $10 million in financing secured by brokers with HFF.