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.

New Jersey port district poised for continued dominance, Transwestern says

Two decades’ worth of infrastructure upgrades are paying dividends for New Jersey’s booming port region, supporting a surge in cargo volume that is poised to sustain the growth in the state’s industrial market.

Berger: Upgrades coming to 19-story office tower

Berger Organization has unveiled plans to renovate a well-known, 450,000-square-foot office tower in downtown Newark after acquiring the building earlier this year.

CBRE touts $19.3 million in Essex County multifamily sales

More than 230 apartment have changed hands in Essex County as part of nine multifamily investment sales brokered this year by CBRE.

Homebuilder launches new realty, services division to spur construction

Walters Homes has launched a realty division aimed at spurring new construction or redevelopment at vacant and existing residential sites in Ocean County.

After blockbuster industrial sale, Bridge details what comes next in N.J.

After the sale of more than 3 million square feet of industrial space in New Jersey — part of a three-state, $700 million deal announced earlier this fall — Bridge Development Partners is well on its way toward refilling its pipeline in the Garden State. Jeff Milanaik, regional partner for Bridge, said the firm is under contract for a series of sites in northern and central New Jersey that could pave the way for another 6 million square feet of development activity.

Christie, Cuomo pledge more than $5.5 billion to Gateway tunnel project

The states of New Jersey and New York will contribute more than $5.5 billion to building a second tunnel under the Hudson River, a long-awaited project seen as critical to the region’s economy and as protection against future flooding events like Hurricane Sandy.

NAI Hanson: Investor buys Morris Co. office building

An investor has acquired and will occupy a portion of an 11,000-square-foot office building in Mountain Lakes, under a recent sale brokered by NAI James E. Hanson.

Rutgers real estate program touts $113,000 in scholarships in 2017

The Center for Real Estate at Rutgers Business School has awarded more than $113,000 in scholarships this year to nearly 30 graduates and undergraduates in the program.

Dermody inks 401,000 sq. ft. lease with logistics firm in Gloucester County

A logistics firm is set to occupy 401,000 square feet at a sprawling industrial park in Logan Township, under a recent lease with developer Dermody Properties.

Woodmont touts 100 percent leased milestone at Morris County rental project

Woodmont Properties has reached full occupancy at its luxury 300-unit apartment community in Mount Arlington, touting the demand for high-end rentals in a suburban setting.