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.

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Trend Watch Nov. 6: E-commerce drives surge in distribution-related job posts and wages

The proliferation of e-commerce and its labor-intensive fulfillment centers contributed to a 97.0 percent compounded annual growth rate in the number of job postings for distribution-related jobs since 2011.

Professional Services
IN THE MOMENT: Hollister goes green with new LifeTown turf field in Livingston (SLIDESHOW)

Hollister Construction Services recently partnered with The Friendship Circle, NFL Foundation, New York Jets, United Way of Northern New Jersey and NRG to host a Hometown Huddle to inaugurate a new turf field at LifeTown in Livingston. “What you see…

Office
Vision Real Estate Partners touts purchase of ex-Honeywell HQ site in Morris County

A joint venture led by Vision Real Estate Partners has acquired a 64-acre swath of the former Honeywell International headquarters site in Morris Township, paving the way for a redevelopment plan that could produce more than 700,000 square feet of new office space.

Office
Retail tech firm recommits to 104,000 sq. ft. HQ lease in South Jersey

A retail technology firm has extended its 104,000-square-foot lease at a Gloucester County office building, whose owner is now embarking on $10 million in upgrades at the property.

Industrial
Teterboro warehouse sold to California investment firm

An out-of-state investment firm has acquired a 132,000-square-foot industrial building in Teterboro, in a deal brokered by Chaus Realty and Coldwell Banker Residential.

Residential & Mixed Use
CBRE: Edison apartment complex trades for $6.2 million

An apartment complex in Edison that attracted more than 20 offers has changed hands for $6.2 million, according to brokers with CBRE who marketed the property.

Retail
Dumpling, dessert eateries coming to Edison retail center, Jeffery says

Two new food concepts are set to join a highway shopping center in Edison, following a nearly 3,000-square-foot deal brokered by Jeffery Realty.

Office
Normandy, Yeager sell downtown Summit office buildings for $109 million

A well-known joint venture has sold three high-end office buildings in Summit for a combined $109 million, reaping the benefits of a plan to invest in the city that goes back to 2011.

Residential & Mixed Use
Developer adds 377 luxury rentals to Jersey City redevelopment area

Manhattan Building Co. has unveiled the latest piece of a large redevelopment area in Jersey City, opening the doors to a 377-unit complex known as SoHo Lofts.

Office
Avison Young unveils second N.J. office in Metropark (SLIDESHOW)

Real estate services firm Avison Young has opened its new office in the Metropark section of Woodbridge, its second location in New Jersey since entering the market in 2012.