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.

Retail
Macy’s closing 3 N.J. stores among nationwide cutbacks

Three Macy’s stores in New Jersey are among nearly 70 that will close nationwide this year, as the department store giant looks to streamline its costs and rethink its real estate strategy.

Industrial
N.J. industrial market stays hot heading into 2017, JLL says

Industrial leasing in New Jersey kept up its torrid pace through the end of 2016, capping off a year that saw occupancy gains of more than 10 million square feet.

Office
CBRE brokers $4.1M sale in downtown Newark

An investor has paid $4.1 million to acquire a 30,000-square-foot commercial building in downtown Newark, brokers with CBRE Group announced Tuesday.

Health Care & Education
Emerging leaders join Rutgers real estate executive committee

The co-chairs of an emerging leaders group at the Rutgers Center for Real Estate have joined the program’s executive committee.

Retail
Levin announces new tenant at Jersey City retail complex

A Popeyes Louisiana Kitchen franchisee is the latest retailer to join a 94,000-square-foot shopping center in the southern end of Jersey City, according to the property’s manager.

Residential & Mixed Use
Report: Developer aims to convert historic factory in Burlington County

A Brooklyn developer has acquired a former watchcase factory in Riverside, where it now hopes to convert the landmark building into 64 luxury apartments.

Professional Services
DMR completes design, build-out of construction firm’s HQ

A construction company is now occupying its new 30,000-square-foot headquarters space in Secaucus, following a design and build-out overseen by DMR Architects.

Industrial
Furniture seller inks lease at Carteret distribution center

Bob’s Discount Furniture has been identified as the newly signed tenant at a 360,000-square-foot industrial building in Carteret, one of two deals announced recently by developer Prologis.

Industrial
New owner will convert Totowa pharma building after $11M sale

A buyer has paid $11 million to acquire a pharmaceutical manufacturing building in Totowa, where it now plans to retrofit the space into a warehouse and storage facility.

Office
Livingston office park recapitalized in C&W-brokered deal

The owner of a 385,000-square-foot office complex in Livingston has a new partner at the property after a recapitalization arranged by Cushman & Wakefield, the brokerage said.