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
Retail leasing veteran joins Goldstein Group urban division

By Joshua Burd The Goldstein Group has added a vice president in its newly formed brokerage unit focused on mixed-use retail property in downtown and urban markets. In a news release, the firm announced the hiring of Ralph Hanan as…

Retail
Mount Olive retail property sells for $5.9 million

A private investor has reaped nearly $6 million from the sale of a 47,750-square-foot retail property in Mount Olive, under a transaction brokered by Marcus & Millichap.

Professional Services
Property owners have come to learn the value of hurricane preparedness, and response

The five-year anniversary of Hurricane Sandy is a stark reminder that some of New Jersey’s most valuable real estate markets are also the most vulnerable. Frank Romeo knows that to be the case in not only the Garden State, but across the country.

Office
Mack-Cali details $50 million upgrades at office buildings in northern, central N.J.

Mack-Cali Realty Corp. has offered a glimpse at $50 million in upgrades it’s planning at a dozen suburban office buildings in the Parsippany, Short Hills, Metropark and Red Bank submarkets.

Professional Services
Planned Cos. names new chief operations, revenue officers

Two long-serving executives are set to join the C-suite at Planned Cos., a Parsippany-based firm that provides janitorial, maintenance and other services to residential and commercial buildings.

Industrial
NAI Hanson: Kosher caterer buys 5,800 sq. ft. Hackensack building

A kosher catering business is expanding into a 5,800-square-foot industrial building in Hackensack, following a sale arranged by a broker with NAI James E. Hanson.

Office
Hair Club inks 5,250 sq. ft. renewal in Marlton, WCRE says

A hair loss solutions provider has renewed and expanded its footprint off Route 73 in Marlton, under a 5,250-square-foot lease brokered by Wolf Commercial Real Estate.

Sponsored Content
Trend Watch Oct. 30: Smaller leases keep office market in neutral

Leases in the 10,000-25,000-square- foot range accounted for more than one-half of signed deals in the Northern and Central New Jersey office market.

Residential & Mixed Use
Woodmont, Baker break ground on 220-unit luxury rental project in Bayonne

Developers have kicked off a project that will bring more than 200 luxury apartments to the western shore of Bayonne, one of a half-dozen redevelopment efforts now underway in the city.

Industrial
Study shows port’s outsized impact on tax revenue, industrial market

The port industry of New York and New Jersey, one of the key drivers of the Garden State’s booming industrial real estate sector, accounted for nearly $8.5 billion in tax revenue last year.