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.

Residential & Mixed Use
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.

Government & Public Policy
Fort Monmouth authority board chairman leaving post at year-end

The board chairman of the Fort Monmouth Economic Revitalization Authority is stepping down after seven years in the post.

Health Care & Education
NJIT unveils new manufacturing training center in Newark

The New Jersey Institute of Technology has opened the doors to a new training and prototyping facility focused on feeding the state’s growing manufacturing sector.

Office
Avison Young to stay as leasing agent after sale of Ramsey office building

A real estate investment firm has retained Avison Young as its leasing team after acquiring a 140,000-square-foot office building in Ramsey.

Industrial
CBRE marketing 50,000-square-foot industrial complex in Kenilworth

Brokers with CBRE are seeking a buyer for a three-building, 50,000-square-foot industrial complex in Kenilworth, touting its proximity to Port Newark-Elizabeth and a lack of comparable properties in the immediate area.

Retail
SLIDESHOW: ICSC’s New York Deal Making conference

Commercial real estate brokers and executives descended on the Jacob K. Javits Convention Center in Manhattan last week for the International Council of Shopping Centers’ annual New York Deal Making conference.

Industrial
EDA awards $38 million to help linen business expand in Irvington, Trenton

An industrial linen business is poised to double its footprint in Irvington and upgrade its space in Trenton, following the approval of nearly $38 million in state tax credits over 10 years.

Government & Public Policy
Box manufacturer proposes 500,000 sq. ft. plant in Florence

The state has approved $13.6 million in tax credits to encourage a cardboard packaging manufacturer to build a 500,000-square-foot facility in Burlington County.

Government & Public Policy
Furniture remanufacturer, tech firm offered incentives to move to Camden

Three businesses could be moving to Camden next year in connection with more than $10 million in tax credits approved Tuesday by the state Economic Development Authority.

Office
Landlord unveils newly renovated Morristown office buildings (PHOTOS)

Lincoln Equities Group has completed $2 million in upgrades at two office properties just outside downtown Morristown, where it’s now marketing nearly 120,000 square feet.