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.

Office
SJP: Bridgewater campus at full occupancy after tech firm expands

Qualcomm has grown its footprint at a Bridgewater office building, developer SJP Properties said Wednesday, bringing the 180,000-square-foot property to full occupancy.

Professional Services
Veteran N.J. broker joins Transwestern as VP

Transwestern has added a 13-year industry veteran as the newest member of its leasing and sales team in New Jersey, the real estate services firm said this week.

Office
CBRE: New deals, renewals boost occupancy at Two Tower Center

An East Brunswick office tower has reached 90 percent occupancy for the first time in more than a decade, following two new leases and two renewals totaling 56,500 square feet.

Office
Tory Burch inks 93K sq. ft. lease in Jersey City

In Jersey City, fashion designer Tory Burch has leased 93,000 square feet over two floors at 499 Washington Blvd., an office tower in LeFrak’s master-planned Newport community.

The Rundown
Newark’s Whole Foods to open next month, report says

Only weeks after a grand opening event at the new Hahne & Co. building in Newark, the Whole Foods store that will anchor the complex is set to open March 1.

Health Care & Education
EDA incubator welcomes new R&D lab

A digital health technology firm is the newest tenant at a state-run incubator in North Brunswick.

People
New NAI Hanson broker to focus on office, industrial

NAI James E. Hanson has bolstered its brokerage team with the hiring of a sales associate.

Industrial
Tile company acquires 82K sq. ft. warehouse in Burlington County

A tile company is expanding with the acquisition of an 82,000-square-foot industrial building in Willingboro, in a deal brokered by Sheldon Gross Realty Inc.

Industrial
Colliers adds veteran industrial broker

Noah Balanoff has joined Colliers International Group as an executive managing director, as part of an expansion of its industrial and supply chain platform in New Jersey.

Guest Columns
Don’t rule out negative interest rates just yet: Here’s why — and what it would mean for you

Even after accounting for the fact that interest rates and expected inflation jumped after Donald Trump’s election, I would guess there is a 20 percent possibility that short-term interest rates become negative in the next two years.