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
High-end Italian sunglasses maker moves HQ to Secaucus

An Italian eyewear company has moved its North American headquarters from Morris County to some 55,000 square feet of newly designed office space in Secaucus.

Industrial
Stro Cos., logistics firm ink 34,000 sq. ft. lease in Lincoln Park

The Stro Cos. has leased 34,300 square feet in Lincoln Park to a logistics firm focused on so-called last-mile delivery services, the landlord announced Monday.

Office
Michigan financial firm leases space in Parsippany, NAI Hanson says

A mortgage banking firm has leased more than 3,000 square feet at a Parsippany office building, in a deal orchestrated by NAI James E. Hanson.

Industrial
On the rise: New Jersey’s ‘other’ industrial corridor

Running from the crossroads of Edison to the New York State border, the 70-mile stretch of Interstate 287 is an active but sometimes-overlooked piece of the state’s industrial market. That corridor has not only grown considerably in recent years, but is in line for continued interest from developers, tenants and investors as an alternative to the booming big-box markets along the New Jersey Turnpike.

Top News
South Jersey office leasing shows improvement in Q2, WCRE says

By Joshua Burd The southern New Jersey office market picked up steam in the second quarter after what had been a cautious start to the year, according to new research from an area real estate firm. In its newest market…

Government & Public Policy
The case for the Gateway project: What if we couldn’t get into New York City?

Four hundred and fifty trains carry 200,000 riders through the twin tubes of a tunnel that connects Newark to New York every work day. Built by our great grandparents’ generation, that tunnel has carried trains since the Titanic was being assembled in an Irish boatyard over a century ago.

Hospitality & Tourism
Beach Haven theater reopens under new ownership

A real estate investor has reopened a well-known theater on Long Beach Island, bringing new life to a property that had sat vacant for two years.

Office
Brooklyn startup offered $32 million tax credit to move to former Roche campus

The state has offered a $32.3 million tax credit to a Brooklyn-based biotech firm that is considering a move to the former Hoffmann-LaRoche campus in northern New Jersey.

Residential & Mixed Use
Livingston rental community off to fast start, developer says

Renters have responded to a 220-unit apartment complex that is taking shape in Livingston, where the second of five buildings is on its way to becoming fully leased.

Government & Public Policy
Architecture firm completes Union County family courthouse project

Union County officials have cut the ribbon on a new 78,000-square-foot courthouse and family justice center in Elizabeth, marking the completion of a project designed by Netta Architects.