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
Brokers tout ‘intense interest’ in Fairfield industrial

An area real estate firm is touting activity in Fairfield, having recently brokered the sales of two industrial buildings and placing a third on the market.

Office
The case for the suburbs: Despite vacancy, owners stand out with dynamic spaces and strategies

Experts say the struggles of New Jersey’s suburban office market are not as clear-cut as many still believe. Those challenges are in fact real, but there are still plenty of opportunities for owners and developers to make a splash.

Top News
Onyx, NGKF look to capture demand for new office space in Morris County

A rendering of the planned upgrades at 340 Mount Kemble Ave. in Morris Township — Courtesy: Onyx Equities By Joshua Burd As Tim Greiner will tell you, there are two things that can’t be changed when an owner is renovating…

Industrial
Zimmel: Somerset warehouse fetches $6.7M after upgrades

Zimmel Associates has brokered the sale of a Somerset County industrial building for the second time in 10 months, following a series of upgrades by the property’s outgoing owner.

Office
C&W: Prism sells Bloomfield office park

Prism Capital Partners and an institutional partner have sold their flagship BroadAcres Office Park a decade after acquiring the four-building, 380,000-square-foot campus in Bloomfield.

Residential & Mixed Use
For Westfield development team, a rare opportunity nears completion

The developers of the first modern, transit-oriented multifamily project in Westfield say they’re on track to open the doors of the 70-unit building by this spring. For the joint venture behind the luxury rental community, there’s no overstating the anticipation for delivering a project in one of the state’s most well-known, well-established downtowns.

Industrial
NAI Hanson brokers health care deals in Morris County

Two health care and life sciences companies have found new homes in Morris County, following a set of leases brokered by NAI James E. Hanson.

Retail
Ripco: Fast casual chain eyes major growth in N.J.

An Asian-themed fast casual chain has made its debut in New Jersey and is now seeking to open a least a dozen more locations in the next three years, according to Ripco Real Estate.

Hospitality & Tourism
Maplewood set to welcome new restaurant, KW Commercial says

A new restaurant that offers early American soul food fused with West African and Caribbean flavor is joining the mix in downtown Maplewood, according to a local brokerage firm.

Retail
Report: Bayonne retail project set to begin construction

A local developer is moving ahead with the bulk of a new project in Bayonne that will bring fast food, an auto parts store and other operators to what is now a vacant lot off Route 440.