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
After record year, panelists still bullish (but cautious) on N.J. industrial sector

The state’s industrial market is firing on all cylinders, but just how long will it last? A panel of leading owners and brokers tackled that very question last week, gauging everything from rental rates to the demand from institutional investors. And while the recent political turmoil has created some uncertainty, they said New Jersey’s location and the growth of so-called last mile distribution needs will ensure the market’s continued strength in the year ahead.

Office
Onyx, NGKF plan repositioning of Morris County office building

Large-scale upgrades are coming to an office building just outside downtown Morristown, in what will be Onyx Equities’ latest project to reposition an aging commercial property.

Industrial
C&W: New 182K sq. ft. industrial building coming to Edison

Cushman & Wakefield has been tapped to oversee leasing for a new 182,000-square-foot industrial building that is coming to Raritan Center in Edison, the firm said Friday.

Residential & Mixed Use
Hoboken’s big dig: How Advance used an engineering challenge to lure Trader Joe’s

It took an engineering feat for Advance Realty to build one of Hoboken’s newest mixed-use projects. It also helped the firm attract one of the city’s most highly anticipated retailers.

Residential & Mixed Use
An excavation with challenges upon challenges

For all of the engineering prowess that it took to excavate the site of Advance Realty’s new apartment building in Hoboken, there are some things you just can’t plan for.

Residential & Mixed Use
Brooklyn firm buys Hackensack warehouse for loft redevelopment

A developer plans to convert a historic warehouse building in downtown Hackensack into loft apartments, as part of the Brooklyn-based firm’s first multifamily investment in New Jersey.

Industrial
NAI Hanson brokers South Hackensack industrial sale

A party and tent rental business has acquired a 26,000-square-foot industrial building in South Hackensack, following a trade brokered by NAI James E. Hanson.

Office
Eastman touts 2016 leasing activity in office, retail space

Eastman Cos. recorded more than 110,000 square feet in office and retail leases during the second half of 2016, driven in part by upgrades at its properties around the state.

Policy Page
New year, new leadership, new challenges: How the changing political landscape could impact commercial real estate

The political events of 2016 have ushered in a New Year that will be marked by dramatic change at both the federal and state levels.

Retail
Mixed-use Marlton redevelopment lands 33K sq. ft. medical tenant

Virtua Medical Group has leased more than 30,000 square feet at a mixed-use complex in Marlton, where the owner is in the midst of a $70 million redevelopment project.