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.

Inside the courtroom: NJBA attorneys weigh in on high-profile Mercer trial

For nearly three months, attorneys representing the New Jersey Builders Association, the Fair Share Housing Center, several municipalities and others have been convening in a Trenton courtroom before Superior Court Judge Mary Jacobson. The case centers on the disputed affordable housing obligations for five towns in Mercer County — West Windsor, Robbinsville, East Windsor, Hopewell and Princeton — but its impact could turn out to be even greater.

Rutgers OKs $17M investment in sweeping New Brunswick theater project

A rendering of a planned performing arts center in New Brunswick’s cultural center. — Courtesy: ElkusManfredi Architects By Joshua Burd Rutgers University has approved plans to contribute more than a quarter of the $60 million cost to build a new…

Industrial

Rent growth, preleasing continue in N.J. industrial market during Q1

Big box leases continued to drive New Jersey’s industrial market to start the year, keeping a lid on vacancy as speculative construction carries on throughout the region.

Government & Public Policy

EDA looks to ride a rising tide in selling valuable Camden site to developers

The Economic Development Authority is marketing an 8.75-acre waterfront redevelopment site in the city, as a host of high-profile development projects and investments continue nearby.

People

New sales associate joins NAI Hanson

NAI James E. Hanson has expanded its industrial brokerage team with the addition of a new sales associate, the real estate services firm announced Thursday.

Office

Top Keystone executive promoted to president

Keystone Property Group has elevated a longtime executive to the role of president and chief operating officer, the development and investment firm said this week.

Residential & Mixed Use

As towns push fair share plans, developers face an interesting twist

Along with a new opportunity, a potential statewide push for affordable housing comes with a touch of irony for developers like Pennrose.

Hospitality & Tourism

Hard Rock unveils renovation plans for Taj Mahal with Morris, Jingoli families

The famed exterior of the Trump Taj Mahal will soon be gone from the Atlantic City Boardwalk and replaced by another iconic brand, the Hard Rock Hotel & Casino.

But Jim Allen says that transforming the property is about far more than changing what’s on the outside.

Retail

Payless IDs N.J. stores slated for closure

Payless Shoe Source will close seven stores in New Jersey amid some 400 store closures nationwide, the latest in a wave of downsizing by some of the nation’s most recognizable retail brands.

Hospitality & Tourism

Details of Hard Rock’s plans for the former Taj Mahal

Sitting on 17 acres of prime Boardwalk real estate, the former Taj Mahal is in line for a $375 million overhaul under the ownership of Hard Rock International and the Morris and Jingoli families.