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.

Professional Services
Prominent brokerage team joins JLL in New Jersey

JLL has bolstered its real estate services team in New Jersey with the addition of four well-known office brokers.

Office
CBRE brokers sale of Mack-Cali building in Union County

Mack-Cali Realty Corp. has sold another office building from its once-sprawling portfolio, in an investment sale arranged by brokers with CBRE.

Industrial
Logistics firm leases 58,000 sq. ft. in Saddle Brook

A logistics firm has expanded into nearly 60,000 square feet of industrial space in Saddle Brook, according to brokers with Team Resources Inc.

Industrial
Avison Young brokers Secaucus warehouse lease for well-known dance company

A renowned modern dance company has leased more than 17,500 square feet at a Secaucus warehouse, where it will use the space to store and build its performance sets.

Residential & Mixed Use
Hackensack developer plans groundbreaking for new luxury rental project

Hekemian & Co. Inc. is set to begin construction on a new 254-unit luxury apartment complex in Hackensack, marking the latest step in the sweeping effort to reinvent the city’s downtown.

Government & Public Policy
Population, policy shifts in focus at NAIOP developers’ panel

The role of demographics and government were in focus recently as NAIOP New Jersey hosted its annual CEO Perspective event. Joined by a crowd of professionals and developers, four executives highlighted key trends and policies that are shaping New Jersey’s real estate sector, while raising questions about what could impact the industry in the near term.

Office
Just how important are state incentives? Ask Prism’s Gene Diaz

Just how important were New Jersey’s incentives programs in luring Modern Meadow from Brooklyn to the former Hoffmann-LaRoche campus in northern New Jersey?

Office
Profeta sells historic Philadelphia office building for $29 million after 35 years

After 35 years of ownership, Paul V. Profeta & Associates Inc. has sold an 80,000-square-foot office building in downtown Philadelphia for $28.75 million.

Industrial
Colliers: Demand outstripping supply as N.J. industrial sector continues torrid pace

Industrial leasing in northern and central New Jersey took a slight step back in the third quarter, but only because demand continues to outpace the amount of big-box space available in the market.

Retail
Net-leased building in Clifton fetches $1.75 million, Marcus & Millichap says

A developer has acquired an 11,550-square foot building in Clifton occupied by Dollar General, in a $1.75 million deal brokered by Marcus & Millichap.