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

North Plainfield retail site trades for $5.1M

A North Plainfield retail property has changed hands among private investors for a price of $5.1 million, following a deal brokered by Marcus & Millichap.

Retail

Levin: Chatham retail complex fully leased after latest deal

A new 4,600-square-foot lease a physical therapy operator has brought a Chatham shopping center to full occupancy, Levin Management Corp. announced Thursday.

Residential & Mixed Use

‘Uber does have a part to play’ in CRE, company official tells NAIOP members

Uber may have unveiled a new partnership with a New Jersey developer earlier this week, but it’s just one of the steps that the ridesharing service has taken — and is planning for the future — to work hand in hand with the real estate industry and other business sectors.

A company official detailed some of those other affiliations last week, speaking directly to a crowd of NAIOP New Jersey members and professionals in Elizabeth.

Retail

Demolition begins for contested Wyckoff supermarket

The operator of a long-planned ShopRite in Wyckoff has started demolition of an existing structure at the site, even as it awaits a decision from a state appeals court in a three-year-old legal battle over the project.

Industrial

Bussel brokers 10,000 sq. ft. lease in South Plainfield

A communications firm has leased a 10,000-square-foot industrial building in South Plainfield, Bussel Realty Corp. announced Wednesday.

Office

C&W announces new broker hires

Cushman & Wakefield has made two additions to its East Rutherford-based brokerage teams.

Professional Services

DMR retained for Middlesex County building redesigns

Middlesex County has hired DMR Architects to redesign a series of administration buildings in North Brunswick, the Hasbrouck Heights-based firm said Wednesday.

Government & Public Policy

Supplement maker offered $30M tax credit to open new Paterson facility

A maker of nutritional supplements is weighing a move from West Caldwell to Paterson, where state officials say it would build a nearly 80,000-square-foot facility for assembly and packing.

Residential & Mixed Use

Developers kick off final phase of Morristown project

With plans that go back more than a decade, the landmark redevelopment of the former Epstein Department Store in Morristown has entered its final phase.