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
‘Boot camp’ concept coming to Passaic Co. retail center

A growing fitness franchise is set to open its fourth location in New Jersey, following its recently signed, 3,600-square-foot lease at a Passaic County shopping center.

Government & Public Policy
Developer’s car will serve as backdrop for CRE industry during Walk to Washington

In just two weeks, hundreds of business and political leaders will board a southbound Amtrak train as part of the New Jersey Chamber of Commerce’s annual Walk to Washington. And you can bet that the state’s commercial real estate sector will be well-represented.

Professional Services
Greenbaum Rowe attorney honored for years of service with NJBA

A top real estate attorney at Greenbaum Rowe Smith & Davis LLP has earned a key industry service award from the New Jersey Builders Association.

Finance & Capital Markets
CBRE brokers $52 million loan for buyer of New Brunswick tower

A joint venture has acquired a 186-unit student housing building in downtown New Brunswick, with CBRE arranging more than $52 million in acquisition funding.

Events
Monmouth to honor Rouse Properties CEO at annual real estate dinner

Rouse Properties CEO Brian Harper will headline this year’s industry awards dinner at Monmouth University, an annual event that draws hundreds of New Jersey’s top real estate executives and service professionals.

Office
Health care lease in Parsippany among 2017 highlights for Bergman

Bergman Real Estate Group has inked a 52,000-square-foot lease with a life sciences company in Parsippany, one of more than 100 transactions completed by the firm in 2017.

Government & Public Policy
Murphy names new board chair at EDA

Gov. Phil Murphy has picked New Jersey Resources Chairman and CEO Laurence M. Downes as board chairman of the state Economic Development Authority.

Office
Bank inks 11,000 sq. ft. lease near Hamilton HQ

A community bank has expanded it footprint at its home base in Hamilton, under an 11,000-square-foot lease brokered by Mercer Oak Realty.

Industrial
EDA: Foot care company weighs move to Elizabeth from Brooklyn

The state has approved a 10-year, $2.75 million tax credit to encourage a Brooklyn-based foot care company to move a major part of its operation to Elizabeth.

Retail
NRDC building new supermarket at former office site in Monmouth County

A developer has broken ground on a new 77,100-square-foot ShopRite that will join the mix at a busy retail center along Route 35 in Shrewsbury.