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

N.Y. manufacturer buys Piscataway warehouse, Bussel says

Bussel Realty Corp. has brokered the sale of a 95,483-square-foot warehouse in Piscataway, where the buyer now plans to relocate a manufacturing operation from New York City to its newly acquired space.

Finance & Capital Markets

CBRE: Mack-Cali sells 820K sq. ft. Parkway office portfolio for $87M

Mack-Cali Realty Corp. has sold an eight-building office portfolio in Cranford and Clark, in an $87 million sale brokered by CBRE Group.

Hospitality & Tourism

Pru Center unveils plans for Grammy museum in Newark

An 8,000-square-foot Grammy museum is coming to the Prudential Center, creating a new cultural destination for the Newark arena as it continues to grow its offerings in the city.

Office

LG breaks ground on long-awaited HQ in Englewood Cliffs

LG Electronics has broken ground on its new North American headquarters in Englewood Cliffs, a project that is more than seven years in the making after protests, zoning changes and negotiations with residents and conservationist groups.

Ripco tapped to lease retail space at mixed-use Bloomfield project

The developer of a recently completed, mixed-use redevelopment project in Bloomfield has hired Ripco Real Estate to oversee leasing for the retail portion of the property.

Industrial

Blue Apron: 495K sq. ft. Linden facility to open this year

Blue Apron has taken the wraps off its new 495,000-square-foot fulfillment center in Linden, where the meal kit delivery service plans to employ more than 2,000 people in the year ahead.

Hospitality & Tourism

Icahn to sell Trump Taj Mahal after spat with lawmakers, despite Christie veto

Billionaire investor Carl Icahn, seemingly frustrated by legislation that would have stripped him of his casino license, says he will sell the shuttered Trump Taj Mahal in Atlantic City.

Office

Colliers: Fintech firm, others drawn to new-look office building

Brokers with Colliers International have leased more than 50,000 square feet at a Union office building, less than a year after taking over marketing for the repositioned complex.

Professional Services

Design firm names partners for the first time

Five top executives at DMR Architects are now partners in the business, marking a new milestone in the 25-year history of the Hasbrouck Heights-based firm.

Professional Services

Vineland architect takes up national AIA post

The New Jersey chapter of the American Institute of Architects has named Bruce Turner to a three-year term as regional representative to the group’s National Strategic Council.