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.

The Rundown
Report: Council approves tax breaks for NJCU developments

Officials in Jersey City have approved tax abatements for three mixed-use buildings by a private developer at New Jersey City University’s main campus, a published report said Thursday.

Top News
CBRE brokers $24M bridge loan for ex-MetLife building

The Provident Bank has provided a $24 million loan for a developer to refinance a vacant office building in Hanover, under a transaction arranged by CBRE.

Industrial
Developer plans sprawling industrial park after $12M land sale in South Jersey

Cushman & Wakefield has brokered the sale of a sprawling 415-acre development tract in Gloucester County, where the buyer plans to build a 3 million-square-foot industrial park.

Residential & Mixed Use
Senior housing complex in Monroe trades for $19M

An investment group has paid $19.2 million for a 100-unit luxury rental building in Monroe Township, Gebroe-Hammer Associates announced Wednesday.

Office
Berger acquires 18-story Newark office tower

A Newark property owner has added a well-known office tower to its portfolio in the city, following a deal arranged by brokers with HFF.

Industrial
New deals, renewals keep Heller portfolio fully leased

Heller Industrial Parks inked more than 50 transactions across its vast industrial footprint last year, accounting for some 5 million square feet in leasing activity and keeping the firm’s occupancy at 100 percent heading into 2017.

Industrial
Tenants quick to grab new industrial space in N.J., report finds

If there’s any doubt about the demand for new industrial space in New Jersey, look no further than the response to speculatively built warehouse and distribution projects in 2016.

Retail
Nail spa is newest tenant at Hamilton retail center

A nail salon has leased 2,250 square feet at Hamilton Plaza, a 175,400-square-foot shopping center along Route 33 in Hamilton Township.

Office
Somerset County office building ‘with upside potential’ changes hands

A private buyer has acquired a 161,217-square-foot office building in the Somerset section of Franklin, HFF announced Tuesday.

Health Care & Education
State OKs $20M incentive for parking deck at new med school

State officials have approved a $20 million tax credit to help support the construction of a new parking and retail structure in Clifton, in what they say is a key part of the planned Seton Hall-Hackensack Meridian School of Medicine at the former Hoffman-LaRoche campus.