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.

Office
EDA: Fintech firm weighing move to Jersey City from NYC

A financial technology firm could be coming to Jersey City after being offered a 10-year, $5.6 million state tax credit package to move its headquarters from Lower Manhattan.

Industrial
Food distributor, eyeing 236,000 sq. ft. Camden project, offered $52.5 million incentive

A wholesale food distributor has proposed building a new 236,000-square-foot facility in Camden in connection with a nearly $52.5 million tax credit package from the state.

Residential & Mixed Use
Investor buys Bergen County apartments for $22 million, Kislak says

A family partnership has sold six apartment buildings in Bergen County, fetching more than $22 million for the 132-unit portfolio after six decades of ownership.

Residential & Mixed Use
Lennar closes first 30 homes at final phase of Weehawken condo project

Homebuyers have snatched up nearly half of the units at the final phase of Lennar’s upscale condominium development along the Weehawken waterfront.

Office
Marcus & Millichap: West Orange office building fetches nearly $9 million

An investor has acquired a 60,000-square-foot office building in West Orange, following a nearly $9 million transaction arranged by Marcus & Millichap.

Professional Services
WCRE promotes VP to principal

A broker at Wolf Commercial Real Estate has become its newest principal and shareholder, earning the promotion less than four years after joining the firm.

Top News
C&W looks to continue growth in property management in New Jersey

Cushman & Wakefield has added more than 9 million square feet in recent months to its property management portfolio in New Jersey, while bolstering the team that oversees the service line.

Professional Services
Bertone Piccini attorney earns post with Bergen County association

Bertone Piccini LLP attorney Gregory C. Ein has been appointed secretary to the Young Lawyers Division of the Bergen County Bar Association.

Industrial
The 10 largest industrial projects in northern and central N.J., according to JLL

The year ahead is poised to bring more of the same for New Jersey’s teeming industrial market: a seemingly insatiable demand for modern space that is fueling millions of square feet in new development. Here is the list of top 10 industrial projects under construction in the region.

Residential & Mixed Use
$57 million project set to bring apartments, medical complex to hospital site

A developer has won local approval to repurpose a shuttered hospital complex in Plainfield, where it plans to invest $57 million to build 120 apartments and a new medical arts complex.