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
NGKF team talks Allergan deal, banner year in office market

For all of the landlords and service professionals who are reaping the benefits of New Jersey’s office market, brokers with Newmark Grubb Knight Frank have as much to celebrate as anyone else.

Office
AY: Clifton office complex sold for $13M after upgrades

A joint venture has sold two Clifton office buildings for more than $13 million after a recent series of interior upgrades, Avison Young announced Monday.

People
Levin adds senior leasing representative

A retail industry veteran of more than 15 years has joined Levin Management Corp. as a senior leasing representative, the North Plainfield-based firm announced.

Residential & Mixed Use
NJAA honors top apartment players at annual gala

More than 700 professionals from the multifamily housing industry gathered recently to honor companies, individuals and allied services at the New Jersey Apartment Association’s 23rd Annual Garden State Awards of Excellence gala.

The Rundown
Tory Burch eyes move to Jersey City from N.Y.

A state authority has offered a nearly $11 million tax credit to entice fashion retailer Tory Burch to move corporate offices from Manhattan to Jersey City.

Office
WCRE brokers lease with Lennar subsidiary in Mount Laurel

A service firm owned by Lennar Corp. has leased 5,500 square feet at a Mount Laurel office building, according to Wolf Commercial Real Estate.

Office
Keystone picks Colliers to lease Bergen County office building

Keystone Property Group has tapped Colliers International to oversee leasing for a newly upgraded office building in Fair Lawn, the real estate services firm said Friday.

People
New property manager joins Denholtz

Denholtz Associates has hired a property manager to help oversee its portfolio in Central Florida, the Matawan-based commercial real estate firm said Wednesday

Government & Public Policy
Acquisition gives N.J. full control over Fort Monmouth site

After four years of redevelopment efforts that focused on only half of the sprawling Fort Monmouth property, a state authority has acquired the remaining 560 acres from the U.S. Army, allowing it to move ahead with projects that are slated for the balance of the site.

Finance & Capital Markets
HFF: Investor to acquire, upgrade Linden industrial building

HFF has arranged $7 million in acquisition financing for a real estate investment firm to acquire a fully leased 115,913-square-foot industrial building in Linden, the brokerage said Thursday.