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
WCRE: Lawn care business takes 3,900 sq. ft. in Camden County

A newly built, 12,000-square-foot flex building in Voorhees is now fully occupied after a recent lease with a lawn care company, brokerage firm Wolf Commercial Real Estate said.

Industrial
Joint venture sells 369,000 sq. ft. warehouse to LPT

Liberty Property Trust has acquired a single-tenant, 369,313-square-foot industrial building in Edison, in a transaction announced Friday by CBRE.

Residential & Mixed Use
Investor pays $14.25 million for West Caldwell apartments, Kislak says

A newly built, 30-unit apartment building in West Caldwell is under new ownership, following a $14.25 million sale arranged by The Kislak Co. Inc.

Retail
Zoltek: Fast food building changes hands in Burlington County

A regional landlord has sold a 2,090-square-foot fast food building in Burlington County, according to brokers with Zoltek Realty who arranged the sale.

Professional Services
Broker joins Newmark Associates sales team

Newmark Associates has added to its sales team with the hiring of a broker who has a deep background in media and consumer analytics.

Professional Services
AIA-NJ installs new president, officers for 2018

The American Institute of Architects’ New Jersey chapter has installed a new slate of officers, led by a Point Pleasant-based architect who is a longtime member of the group.

Residential & Mixed Use
LeFrak debuts high-end amenities at Jersey City rental tower (SLIDESHOW)

LeFrak has unveiled the long list of amenities at the Ellipse, its new high-end, 41-story apartment tower in the Newport section of Jersey City.

Sponsored Content
2018 REAL ESTATE MARKET FORECAST

With the state’s unemployment rate below 5.0 percent, employee recruitment and retention will remain top priorities for office occupiers in the coming year. Rather than remaining in outdated, inefficient workspaces, a growing chorus of companies will pursue relocations to upgraded, amenity-filled office buildings to aid in these efforts.

Office
Amazon can be ‘powerful partner’ in Newark’s future, Baraka says

Newark is among 20 finalists for Amazon’s coveted second headquarters project, the e-commerce giant announced Thursday.

Hospitality & Tourism
Sanzari nearing completion of dual-branded hotel in Teaneck

A new dual-branded hotel for leisure and business travelers is only months away from opening at Glenpointe, Alfred Sanzari Enterprises’ mixed-use business complex in Teaneck.