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.

Hospitality & Tourism
Gaming executive coming home to lead Hard Rock Atlantic City

Hard Rock International has tapped a New Jersey native and veteran gaming executive to serve as president of the company’s highly anticipated casino in Atlantic City.

Industrial
Newmark: Clifton industrial building fetches $6.6 million

Newmark Associates has brokered the $6.6 million sale of a 10,000-square-foot industrial complex at the junction of routes 3 and 21 in Clifton, the firm said Monday.

Retail
Flooring business opens at ex-Sports Authority site in Paramus

A former Sports Authority building in Paramus has found new life as a location for a flooring and tile seller that is expanding in New Jersey, The Goldstein Group said Monday.

Roundtable
In a crowded New Jersey multifamily market, what are the biggest concerns, objectives or factors to consider when developing or financing a new project?

In a crowded New Jersey multifamily market, what are the biggest concerns, objectives or factors to consider when developing or financing a new project?

Industrial
Colliers: Preleasing continues at spec industrial buildings in N.J.

Industrial space continues to be a winning bet for New Jersey developers, as tenants preleased some 3.5 million square feet of speculative buildings that were delivered in the second quarter.

Office
Office market takes small step forward in Q2, NKF says

The state’s office market saw modest gains during the second quarter, even as landlords continue to grapple with high vacancy and new blocks of space coming available in suburban locations.

Retail
Burger chain coming to mixed-use Bloomfield project

A fast casual burger chain is set to anchor the ground-floor retail space at a recently built, luxury apartment building in downtown Bloomfield, following a deal brokered by Ripco Real Estate.

People
Transwestern names new operations director in New Jersey

Transwestern has hired a real estate industry veteran as its new director of operations in New Jersey, the brokerage and service firm announced.

Retail
NRDC looks to forge ahead with Wegmans-anchored lifestyle center in Middletown

A developer is hoping to build support for a plan that would bring a new high-end retail center to Middletown, one that it says will be a modern alternative to the aging, cookie-cutter strip malls and big-box stores that line the Route 35 shopping corridor.

Industrial
Burlington warehouse sold for $2.7 million, Colliers says

A firm that is relocating from New York has acquired a 40,500-square-foot industrial building in Burlington, in a deal brokered by Colliers International.