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.

Professional Services
New Weichert Commercial unit aims to help investor clients

Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.

Retail
New owner plans upgrades to 54k sq. ft. Newark retail site

A real estate investment firm has acquired a retail property across from Newark’s University Hospital, with plans to make a series of improvements geared toward attracting retailers, medical offices and other users.

Industrial
HVAC wholesaler plans upgrades for newly acquired Perth Amboy site

A company that sells supplies for contractors and plumbers has acquired a 9,000-square-foot building in Perth Amboy, Rosengarten Realty & Development announced Monday.

Office
JLL: Seven office tenants ink deals at Berkeley Heights building

A group of technology, publishing and law firms have signed leases totaling more than 40,000 square feet at a Berkeley Heights office building, according to brokers with JLL.

Office
Law firm triples space at Newark office tower

A law firm has expanded its footprint within One Newark Center, a 22-story office tower in downtown Newark, in a deal arranged by brokers with JLL.

Retail
Furniture seller joins Route 17 retail corridor, Goldstein says

An internationally based furniture seller has leased 7,000 square feet along Route 17 in Paramus, the Goldstein Group said Monday.

People
Onyx announces new chief investment officer

Real estate investment firm Onyx Equities has promoted Stephen Sullivan to chief investment officer, the Woodbridge-based company said Monday.

Industrial
C&W: Upgrades coming to Linden industrial building after sale

Seagis Property Group has acquired a 504,000-square-foot industrial building in Linden and has embarked on a multimillion-dollar renovation at the property, Cushman & Wakefield announced.

The Rundown
Jared Kushner to step down as CEO of Kushner Cos., report says

Jared Kushner is preparing to step down as CEO of the Kushner Cos. ahead of an expected role in the White House of his father-in-law, President-elect Donald Trump, The New York Times reported.

Professional Services
AIA prepares to install new N.J. chapter president

Ben Lee of NK Architects is set to take the reins as New Jersey chapter president of the American Institute of Architects, the organization announced recently.