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
Cullen and Dykman plants a flag in Newark

Law firm Cullen and Dykman LLP has opened a 9,300-square-foot office in Newark, an outpost that will house its real estate attorneys and other core practice groups.

Health Care & Education
Rutgers unveils new program with real estate center, Bloustein school

Graduate students at Rutgers University can now become certified in real estate development and redevelopment, thanks to a new joint offering at the school’s Newark campus.

Residential & Mixed Use
NJBA honors Riggs for decades of service to homebuilding industry

Industry leaders hailed the accomplishments of Joe Riggs, a longtime group president with K. Hovnanian Enterprises, during an evening reception in Florham Park. The New Jersey Builders Association hosted the event as part of a fundraiser for its political action committee, drawing some 250 homebuilding executives and professionals to the Park Avenue Club and raising about $150,000.

Office
Health care marketing firm renews lease in Parsippany

Ogilvy CommonHealth Worldwide has leased nearly 85,000 square feet in a renewal at Morris Corporate Center III in Parsippany, real estate services firm JLL said Tuesday.

Finance & Capital Markets
NAI Hanson brokers $25.5M refinance of Woodbridge retail site

The owner of a 122,643-square-foot retail complex with national tenants in Woodbridge has refinanced the property for $25.5 million, following a deal arranged by NAI James E. Hanson.

Retail
Floor & Decor to fill ex-Sports Authority space in Paramus

Flooring and tile retailer Floor & Decor has leased 62,500 square feet in Paramus, filling a building left vacant by the recent bankruptcy by the Sports Authority chain.

Industrial
Avison Young picked to handle Bridgewater warehouse sale

Brokers with Avison Young have been hired to market a 46,396-square-foot industrial facility in Bridgewater, the firm said Tuesday.

Health Care & Education
Cancer treatment center brings new life to Monmouth County office building

The rebirth of a once-vacant Lucent Technologies building in Middletown is all but complete, as Memorial Sloan Kettering Cancer Center prepares to open a new state-of-the-art treatment facility at the former office property.

Office
Connell Foley coming to newly upgraded Roseland building

The owners of a Roseland office building have leased 71,000 square feet to law firm Connell Foley, bringing another major professional service tenant to the newly renovated property.

Retail
Flooring store continues expansion into N.J., Brunelli says

A Floor & Décor superstore will anchor a newly proposed shopping center at a busy highway intersection in Woodbridge, leasing agent R.J. Brunelli & Co. LLC said Monday.