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.

Events
Are incentives here to stay in N.J.? Gubernatorial hopefuls weigh in at NAIOP forum

Two of the candidates in this year’s gubernatorial election would look to scale back or reconfigure the state’s development and business incentives, while three others appear ready to continue the existing programs as a way to extend the growth of New Jersey’s economy.

Government & Public Policy
Hackensack firm unveils new Bergen County gov’t complex

A locally based architecture firm its touting the opening of a modern, $140 million county government building that it designed in the heart of downtown Hackensack.

Professional Services
Cresa announces new management, growth plans in N.J.

Cresa, the largest tenant-only commercial real estate brokerage, has announced a new management team in New Jersey and is on the hunt for new space and new talent.

Finance & Capital Markets
Wilcox secures $13.5M refi for Sussex County retail center

G.S. Wilcox & Co. has arranged the refinancing of a grocery-anchored, 140,000-square-foot shopping center in Sussex County for $13.5 million, the firm announced.

Office
Colliers: New deals boost occupancy at Route 46 office building

Colliers International Group has brokered a series of leases at a Fairfield office building, securing more than 35,000 square feet of commitments to raise occupancy by 22 percent.

Residential & Mixed Use
Newark rental project hits leasing milestone, Tucker says

A new apartment building that has drawn renters from Newark’s health care and education sectors is now 80 percent leased, a mark that its developer says is validation of an emerging neighborhood in the city.

Professional Services
Ex-Giants punter turned broker joins Savills Studley

A former New York Giants punter and Super Bowl champion has found a new home team in northern New Jersey — commercial real estate firm Savills Studley.

Industrial
NAI Hanson brokers lease for stone maker in Essex County

A stone fabricator is relocating to a flex building in Fairfield, following a 33,000-square-foot deal brokered by NAI James E. Hanson.

Office
Developer breaks ground on American Water’s new Camden HQ

The nation’s largest publicly traded water utility has broken ground on its new 220,000-square-foot headquarters in Camden, the first piece of a massive plan to remake the city’s waterfront.

Office
Mack-Cali unveils new art display as part of Harborside makeover

The work of a local artist is now on display at Harborside in a Jersey City, where Mack-Cali Realty Corp. is hoping to transform its flagship office complex.