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
Upper Montclair properties fetch $3.25 million

A private investor has sold two neighboring mixed-use properties in Montclair for a combined $3.25 million, according to brokers with Marcus & Millichap.

Office
NGKF: Redevelopment, conversion projects increasingly help ‘prune’ N.J. office market

Large vacancies have loomed over northern New Jersey’s office market in recent years, but a series of redevelopment and adaptive reuse projects are now helping to make a dent in the region’s stubbornly high availability rate.

Office
Pharma tenant expands, inks 18,000 sq. ft. lease at Bridgewater campus

A pharmaceutical firm has more than tripled its footprint at a sprawling life sciences campus in Bridgewater, where it has signed a new lease for 18,072 square feet.

Retail
Gebroe-Hammer: Retail sales in Middlesex, Somerset total nearly $19 million

Two community shopping centers in central New Jersey have traded for a combined $18.6 million, in separate deals brokered by Gebroe-Hammer Associates.

People
Supply chain expert joins Savills Studley industrial team

Savills Studley has hired a supply chain consulting professional in an effort to bolster its industrial services group, the tenant representation firm said this week.

Office
Managing the journey at 30 Montgomery

Stephen Sullivan recalls standing across the street from 30 Montgomery around 2014, as he and other Onyx executives looked up at the 15-story building in downtown Jersey City. It was time to make a decision on the future of the 313,000-square-foot tower.

Office
The next challenge: 340 Mount Kemble

After the success of 211 Mount Airy Road last summer, Onyx Equities found its next blank canvas about 10 miles away when it acquired 340 Mount Kemble Ave. in Morris Township.

Office
Edison Properties, city officials kick off $80 million ‘Ironside Newark’ redevelopment

More than 60 years after the birth of what would become Edison Properties in Newark, the firm on Tuesday marked a milestone in its plans to dramatically reshape its footprint in the city.

Office
Onyx takes over leasing, property management for three Gramercy buildings

Onyx Equities LLC is taking over as asset and property manager for Gramercy Property Trust’s three-building, nearly 600,000-square-foot office portfolio in New Jersey, the firms announced.

Current Issue
Value drivers: How Onyx became a top player in New Jersey real estate

John Saraceno Jr. (left) and Jonathan Schultz, co-founders and managing principals of Onyx Equities LLC, have helped grow the company into one of the state’s top private value-add investment firms in New Jersey since its founding in 2004. — Photo…