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.

Nonprofit’s new HQ builds on decades of commitment

Community Access Unlimited opened a new 60,000-square-foot headquarters in Elizabeth. The five-story, $11 million building features office space for both CAU and local businesses, along with community spaces such as a 400-seat auditorium on the ground floor.

Sanzari acquires Metuchen rental complex

Alfred Sanzari Enterprises has acquired a newly built 49-unit apartment complex in Metuchen, expanding the company’s reach in the central New Jersey residential market.

Rutgers conference to shine a light on affordable housing stalemate — and solutions

As the state Supreme Court weighs the issue of affordable housing, stakeholders will gather later this month to shed light on the issue and tackle one of New Jersey’s most divisive and seemingly unsolvable public policy questions of the past three decades.

Hampshire acquires Boston-area shopping center

The Hampshire Cos. has acquired a BJ’s Wholesale Club property outside Boston, the Morristown-based real estate firm announced Thursday.

New liquor store part of ShopRite upgrades in Hillsdale

Inserra Supermarkets has opened a new 6,500-square-foot liquor store in Hillsdale, marking the expansion of a service that was previously housed inside the ShopRite across the street.

Hekemian starts leasing at new Englewood apartments

The S. Hekemian Group has taken the wraps off a new 195-unit luxury apartment building in Englewood, the latest piece of its mixed-use redevelopment known as Englewood South.

Brunelli: National retailers expanding in N.J.

Dollar Tree has leased 11,585 square feet at a freestanding building in Burlington County, the largest among several deals announced Thursday by R.J. Brunelli & Co.

Advance opens new Hoboken rental building

With the rebuilt 14th Street viaduct as a backdrop, Advance Realty joined public officials on Wednesday to unveil its new luxury apartment building in northern Hoboken.

Gebroe-Hammer brokers three Jersey Shore multifamily deals

Two multifamily properties in Asbury Park have changed hands for more than $9 million, one of three Jersey Shore-area deals arranged recently by Gebroe-Hammer Associates.

Reports: 100,000 affordable units at stake in Supreme Court case

Arguments before the state Supreme Court are now underway in one of more pivotal cases tied to New Jersey’s beleaguered affordable housing policy, centering on the so-called gap years in which developers and towns were without clear guidelines.