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
Moving and storage business coming to Newark from NYC

NAI James E. Hanson has arranged the sale of a Newark industrial building to a moving and storage business that is relocating to the city from the Bronx.

Professional Services
Broker promoted, named shareholder at Blau & Berg

The Blau & Berg Co. has promoted one of its longtime members to principal and senior director.

Industrial
BRC: Brooklyn firm relocating after buying Carteret industrial building

A manufacturer that is moving operations from Brooklyn has purchased a 55,560-square-foot industrial building in Carteret, in a $5.1 million sale brokered by Bussel Realty Corp.

Residential & Mixed Use
New Gold Coast condo tower rising in Bergen County

A developer has taken the wraps off a new condominium tower in Cliffside Park, a sleek 14-story building that will ultimately deliver 200 luxury homes to the Gold Coast.

Industrial
Transwestern: Port activity, rent growth continue for N.J. industrial sector

The swell of cargo volume at the Port of New York and New Jersey has fueled the Garden State’s lowest industrial vacancy in more than 15 years, according to Transwestern, as rents continue to rise and leasing activity continues at a torrid pace.

Finance & Capital Markets
Wilcox brokers 15-year loan for new Morristown office building

G.S. Wilcox & Co. has arranged $16.5 million in financing for a new 44,000-square-foot office building in Morristown developed by The Hampshire Cos., the mortgage banker said Monday.

Retail
New hire bolsters JLL retail team in New Jersey

JLL has continued the expansion of its retail brokerage team in New Jersey with the hiring of Eduardo Pena, an industry expert with more than 20 years of experience.

Government & Public Policy
Long overdue liquor license reform would drive economic development

Restaurants have proven to be desirable anchors for redevelopment projects and magnets for other businesses. However, with few liquor licenses available, smaller local establishments are having their chances of success diminished or are being shut out, thereby stifling competition, development and consumer choice.

Event Coverage
Gauging the future of rent growth, investor appetite along the booming Hudson waterfront

As residential high-rise construction continues to surge, developers and investors are keeping a watchful eye on rent growth and capital markets activity along the Gold Coast.

Roundtable
What are the biggest challenges to construction and redevelopment in New Jersey?

What are the biggest challenges to construction and redevelopment in New Jersey? We assembled a panel of industry experts to tackle this month’s question.