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
Sudler razing Piscataway office building, set to build new industrial space

After tearing down a large, aging office building to make way for two new distribution centers in Cranbury, the Sudler Cos. is looking to replicate that formula elsewhere in its portfolio.

Retail
Hollister delivers new-look Aston Martin facility in Summit

Hollister Construction Services has completed renovations at an Aston Martin dealership in Summit, as part of a plan to modernize the building’s showroom and other spaces within the facility.

Top News
Murphy announces pick to lead EDA

Gov. Phil Murphy has named a former banker and current public official in Connecticut as the next CEO of the powerful New Jersey Economic Development Authority.

Residential & Mixed Use
Downtown Trenton could support hundreds of new residential units, study finds

Downtown Trenton is poised to support the development more than 700 new residential units over the next five years, anchored by a contingent of younger singles and couples.

Professional Services
SIOR honors Peter Hanson for 55 years of service

A global corporate real estate organization has honored NAI James E. Hanson Chairman Peter Hanson, recognizing him for his more than five decades in commercial brokerage.

Finance & Capital Markets
Cross River hires veteran banker to grow CRE lending division

A veteran loan officer has joined Cross River, a Fort Lee-based bank with a growing multifamily and commercial real estate division.

Industrial
Distributor inks two leases in Hillside, BRC says

An industrial user has leased a combined 43,500 square feet at two buildings in Hillside, under a set of transactions announced this week by Bussel Realty Corp.

Residential & Mixed Use
Jersey City rental tower hits leasing milestone

Five months after debuting its new luxury rental tower in Jersey City, Fisher Development Associates has leased more than 50 percent of the building’s 448 apartments.

Retail
East Brunswick retail center sells for $25.4 million, HFF says

A joint venture has sold a 117,000-square-foot, grocery-anchored shopping center in East Brunswick for more than $25 million, in a deal arranged by brokers with HFF.

Retail
Colliers: Entertainment park leases 24,000 sq. ft. in Middlesex County

A trampoline and entertainment center has opened inside a Middlesex County shopping center, following a 24,000-square-foot lease announced Tuesday by Colliers International.