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.

Residential & Mixed Use
Marketing push underway for transformative Journal Square project

With its partner, National Real Estate Advisors, KRE Group is preparing to open a high-profile project in one of Jersey City’s most storied neighborhoods — a 53-story residential tower that will mark the first piece of what’s known as Journal Squared.

Residential & Mixed Use
N.Y. firm eyes 2.3M sq. ft. redevelopment of Newark stadium

A developer has closed on its acquisition of the former Newark Bears baseball stadium in the state’s largest city, paving the way for it to redevelop the site into a sprawling mixed-use neighborhood.

Retail
Denholtz gets OK for shopping center in Clark redevelopment

The Clark planning board has approved Denholtz Associates’ plans to redevelop part of a sprawling commercial complex near the Garden State Parkway, the firm announced.

Deals
Randolph lot changes hands in NAI Hanson deal

NAI James E. Hanson has brokered the sale of a 1.6-acre lot on Route 10 in Randolph that will become the new home of a landscape and architecture business, the real estate firm said Thursday.

Health Care & Education
Industry hopefuls meet industry leaders at career seminar

A career seminar hosted by Montclair State University’s Feliciano School of Business connected attendees with real estate industry leaders in several specialties, including brokerage, property management, value-add investing, development and institutional investing.

Health Care & Education
Hospital operator sells, leases back East Orange building

The parent company of East Orange General Hospital has sold and leased back a 68,000-square-foot building adjacent to the facility, in a deal arranged by Lee & Associates of New Jersey.

Deals
Media group inks lease at Cherry Hill office building

A newly formed publishing group is among two tenants to lease space at a Cherry Hill office building, according to commercial real estate firm NAI Mertz.

Finance & Capital Markets
Gebroe-Hammer duo brokers more than $300M in sales in 18 months

A team of brokers with Gebroe-Hammer Associates is marking more than $330 million in sales brokered over the past 18 months, a deal volume that includes more than 1,700 units.

Residential & Mixed Use
Health care, higher ed fuel leasing at Newark rental project

A focus on “eds and meds” has been a key ingredient in many urban success stories. For 24 Jones, one of the newest residential developments in Newark, the early returns show that to be part of a winning formula.

Government & Public Policy
Victory for gas tax dedication, failure for casino expansion

Amid the stunning outcome of Tuesday’s presidential election, New Jersey residents voted as expected and overwhelmingly rejected a ballot question to expand casino gaming in the state.