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.

Office
Report: Barclays paying $69 million for redeveloped Whippany office park

A joint venture has sold a 525,000-square-foot office park in Hanover to Barclays PLC for $69 million, following efforts to reposition the property with a series of upgrades and a new amenities center.

Retail
Morris County shopping center developer touts new openings, leases with national tenants

A planned 107,000-square-foot retail center at a redevelopment site in Cedar Knolls is nearly 80 percent leased, with a mix of national and regional tenants set to occupy the space.

People
Leasing, asset management executive joins Onyx

Onyx Equities has bolstered its asset management team with the hiring of a new senior vice president of office leasing.

Office
NKF tapped to broker sale of Mack-Cali buildings in Hamilton

Mack-Cali Realty Corp. has hired Newmark Knight Frank to sell six office buildings in Mercer County, as the company continues to trim its portfolio of suburban properties.

The Rundown
Christie: Borgata, Caesars planning ‘significant new investments’ in Atlantic City

The owners of the Borgata and Caesars casinos in Atlantic City appear poised to work together on an upcoming investment or development project in the seaside resort town.

Event Coverage
Monmouth dinner honors NJBA, NAIOP leaders for decades of advocacy

It was a night to honor the chief executives of two of the state’s most influential real estate trade associations, as hundreds turned out for an annual industry dinner at Monmouth University.

Professional Services
Longtime corporate office broker joins Colliers’ Princeton office

Colliers International Group has bolstered its office leasing team in New Jersey, hiring a veteran broker with a history of representing high-profile corporate tenants.

Retail
Retail, medical space trades in Metuchen, Goldstein Group says

The Goldstein Group has brokered the sale of about 14,000 square feet of retail and medical office space in Metuchen, the retail brokerage firm said Thursday.

Health Care & Education
Paterson student housing building trades for $6.1 million, Marcus & Millichap says

A private investment group has acquired a new 42-unit student housing building near St. Joseph’s Regional Medical Center in Paterson, in a $6.1 million deal arranged by Marcus & Millichap.

Industrial
NAI Hanson: Clothing maker buys Newark warehouse, will relocate from Brooklyn

A luxury apparel company is relocating to Newark after acquiring a nearly 14,000-square-foot industrial building in the city, following a deal brokered by NAI James E. Hanson.