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
Woodbridge, HMFA unveil new 57-unit affordable housing community

Developers have completed a nearly $12 million affordable housing project in Woodbridge, delivering 57 units that will be reserved for seniors and homeless residents.

Industrial
Warehouse tenant extends at Hartz-owned building in Bayonne

A maker of fashion accessories has extended its 84,000-square-foot lease at a Bayonne industrial building, in a transaction brokered by Colliers International.

Office
Value-add investor acquires 107,000 sq. ft. Somerset office building

A real estate investment firm has paid nearly $6 million to acquire a 107,000-square-foot office building in Somerset County, where it now plans to spend another several million on upgrades.

Residential & Mixed Use
Business, community leaders break ground on long-awaited Mulberry Commons project in Newark

Stakeholders broke ground Monday on the long-awaited Mulberry Commons project, a 22-acre redevelopment that will create a sprawling park and public space at what had remained a sea of parking lots around the Prudential Center.

Office
C&W: Office vacancy in N.J. remains stable, despite tepid leasing activity

Office vacancy in northern and central New Jersey saw little change during the third quarter, as slow leasing activity was offset by news that older buildings would soon be repurposed.

Retail
ECB Capital brokers $36 million loan for Monmouth County shopping center

The developer of a 290,000-square-foot shopping center in Howell has refinanced the property, thanks to a $36 million loan arranged by ECB Capital Group.

Industrial
Sitex, NAI Hanson mark start of construction for Mahwah warehouse

Sitex Group has started construction on a new 271,000-square-foot industrial building in Mahwah, as brokers with NAI James E. Hanson ramp up their marketing effort for the site.

Residential & Mixed Use
Hovnanian launches sales at new Hudson waterfront condo building

K. Hovnanian has launched sales at a new 278-unit luxury condominium building along the Hudson River, with homes ranging from $600,000 to $6 million.

Top News
Developer drawing new renters to East Orange as it transforms city block by block

For Blackstone 360, a 105-unit project was just the beginning of what has become a major investment in East Orange. The development and design-build firm has since rehabilitated two other buildings in the city — comprising an additional 252 apartments — and now has a fourth project under construction that will deliver another 150 units to the neighborhood.

Residential & Mixed Use
Woodmont touts leasing milestone at Metuchen rental project (SLIDESHOW)

Woodmont Properties is marking a leasing milestone at its new project in Metuchen, a 273-unit rental community just steps from the borough’s train station and downtown.