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.

Retail
LMC: Italian eatery opens inside 2,100 sq. ft. at Newark’s Springfield Avenue Marketplace

A new pizzeria and Italian restaurant has opened its doors at Newark’s Springfield Avenue Marketplace, according to a leasing team with Levin Management Corp.

Government & Public Policy
Morristown, Silverman Group reach $5.5 million settlement in lawsuit over scuttled Deloitte deal

Morristown will pay $5.5 million to settle a lawsuit with the Silverman Group after the developer alleged the mayor thwarted a deal to bring Deloitte LLP to one of its properties, instead steering the accounting giant to its eventual home at the M Station campus.

Industrial
Kenilworth, Somerset industrial leases among newest deals by NAI DiLeo-Bram

A fabric manufacturer has leased 42,000 square feet of industrial space in Kenilworth, in one of two newly announced deals by NAI DiLeo-Bram & Co.

Government & Public Policy
New affordable, supportive housing taking shape near hospitals with help of HMFA program

The first projects have arrived under a state program aimed at creating affordable and supportive housing near hospitals — providing shelter and other services while reducing the burden on local health care institutions — as officials eye continued growth for the program.

Residential & Mixed Use
Value Cos. welcomes Mirman as executive vice president

Matthew Mirman has joined Value Cos. as an executive vice president, with a focus on business development and strategic planning for the Clifton-based apartment owner.

Residential & Mixed Use
RHO Residential marks five years since founding, touting record growth year for North Jersey property management business

Property management firm RHO Residential is seeing its best year of growth as it marks the fifth anniversary of its founding, as it looks to execute leasing at five new North Jersey apartment properties totaling more than 600 units by midyear.

Residential & Mixed Use
Vida Capital eyes launch of leasing at new 44-unit Bayonne rental property

Commercial real estate firm Vida Capital is set to unveil a new 44-unit luxury apartment building that has brought new life to a former industrial property in Bayonne.

Industrial
NorthPoint breaks ground on 955,000 sq. ft. Salem County warehouse, Peak Construction says

Construction is underway on a project that will bring nearly 955,000 square feet of new industrial space to the Salem County township of Pilesgrove.

Office
Sheldon Gross sells 24,000 sq. ft. office building, final piece of family’s 300-acre tract in Wall

The family of the late Sheldon Gross has sold an office building in Wall Township, the final piece of a 300-acre tract that the well-known real estate executive had developed or sold in phases during six decades of ownership.

Office
NAI Hanson inks partnership interest sale at 18,500 sq. ft. Englewood medical office building

A partner in a medical office building near Englewood Hospital has sold its interest in the property, brokers with NAI James E. Hanson announced Tuesday.