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
Brokerage earns green building certification for Morristown office

Avison Young’s New Jersey office in Morristown has been recognized by the U.S. Green Building Council, following a build-out led by the firm’s own project management team.

Photos
Hoboken chamber honors hometown construction firm

Fields Construction Co. has been awarded the Hoboken Chamber of Commerce’s Developer/Builder of the Year award for its work in the Mile Square City, the firm announced.

Residential & Mixed Use
Mixed-use Orange building trades for $1.6M

A private investor has sold a 13,500-square foot mixed-use property in Orange for nearly $1.6 million, following a deal arranged by Marcus & Millichap.

Office
Firm hopes to ‘bring SoHo to the suburbs’ with new development, investment fund

A three-year-old development and investment firm has launched its first fund, with a goal of deploying some $75 million to acquire value-add properties in transit-oriented downtowns.

Retail
Goldstein Group inks deal for national fitness chain

The Goldstein Group, a Paramus-based retail brokerage, announced it has placed a national fitness operator in a shopping center some 10 miles over the New York state line.

Industrial
Avison Young: Ex-oil terminal site primed for industrial space

A well-located, 26-acre site in Perth Amboy that once housed a major oil company’s first terminal has a new owner, following a deal brokered by Avison Young.

Industrial
Garibaldi: Deal will bring new life to Chatham pharma complex

A life sciences company has acquired a 165,000-square-foot biotech complex in Chatham, where it plans to embark on renovations that will convert it to a modern manufacturing facility.

Residential & Mixed Use
North Jersey apartment rents grow again in 2016, report finds

Apartment rental rates in northern New Jersey will grow for the sixth consecutive year, a new report has found, as leasing activity keeps pace with the roaring pace of new construction.

Industrial
Second of three buildings coming to Exit 8A industrial park

Construction is underway on a nearly 190,000-square-foot distribution center in South Brunswick, the second of three phases in a planned industrial complex off New Jersey Turnpike Exit 8A.

Finance & Capital Markets
HFF: Mack-Cali seeking buyer for 2.2M sq. ft. Bergen County portfolio

With a continued focus on right-sizing its office holdings, Mack-Cali Realty Corp. is looking to sell a sprawling nine-building, 2.2 million-square-foot portfolio in Bergen County.