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.

Residential & Mixed Use
Gebroe-Hammer notches nearly $150M in sales over 90 days

Brokers with Gebroe-Hammer Associates have made the most of their home field advantage in recent months, closing 15 different multifamily sales in Essex County in the past 90 days.

Office
American Water HQ set to kick off massive waterfront makeover in Camden

With more than a year of due diligence, entitlements and land assemblage in the books, Liberty Property Trust is set to break ground on the first piece of a $1 billion, mixed-use project to transform Camden’s waterfront.

The Rundown
Report: Whole Foods store in Newark coming by late winter

A new Whole Foods store, the retail centerpiece of a project to revitalize the historic Hahne & Co. building in downtown Newark, is expected to open within just a few months.

Residential & Mixed Use
JMF racking up multifamily projects in TOD towns

Developer JMF Properties has spent the past year filling its multifamily pipeline, with construction underway at four properties and groundbreakings in sight at several others.

Professional Services
Growth in 2016 fuels hiring by design firm DMR

DMR Architects has added 10 new team members in 2016, expanding its staff by nearly 33 percent as it responds to a 30 percent growth in billing during the year.

Retail
Triple Five unveils new video, renderings of American Dream

The developer of the long-awaited American Dream Meadowlands project has released a new video detailing its vision for transforming the property’s reviled, multicolored exterior.

Residential & Mixed Use
Triumphant AvalonBay unveils new Princeton community

AvalonBay Communities Inc. has opened the doors to its new community in Princeton, marking the completion of one of New Jersey’s more fiercely contested redevelopment projects in recent years.

Residential & Mixed Use
Kislak touts nearly $9M in Hudson County sales

A new 20-unit apartment building in Bayonne has sold for more than $5.8 million, the largest among six investment sales in Hudson County brokered recently by The Kislak Co. Inc.

Deals
WCRE brokers sale of Marlton office

A real estate firm has sold a 3,500-square-foot office building at the entrance of downtown Marlton, Wolf Commercial Real Estate announced Friday.

Hospitality & Tourism
Architect unveils 3D animation of proposed Morristown hotel (VIDEO)

Attendees at a recent Morristown planning board meeting were offered a virtual tour of where a developer hopes to build a new 117-unit hotel — thanks to a 3D animation produced by the project’s architect.