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
NKF: Investors wanted for Class A office complex in Parsippany

The owners of two office buildings totaling nearly 360,000 square feet in Parsippany have hired Newmark Knight Frank to oversee the sale of the complex, the brokerage team said.

Residential & Mixed Use
Russo breaks ground in Kearny on latest rental project

Russo Development has started construction on its second apartment community in Kearny, adding to its growing pipeline of residential development in northern New Jersey.

Health Care & Education
JLL tapped to oversee sale of 1.14 million sq. ft. pharmaceutical campus

The brokerage team that has sold many of New Jersey’s most high-profile pharmaceutical campuses has its latest assignment — the 1.14 million-square-foot Bristol-Myers Squibb research and development complex in Hopewell.

Industrial
Denholtz completes turnaround of 75,000 sq. ft. industrial building

A formerly vacant, dilapidated industrial building in Somerset County has found new life after more than 15 years, following a renovation and environmental cleanup by Denholtz Associates.

Hospitality & Tourism
Sanzari tops out new dual-branded hotel in Teaneck

Alfred Sanzari Enterprises is on track to complete a new 350-room, dual-branded hotel in Teaneck by next year, the firm said recently as it marked the completion of vertical construction.

Office
Colliers: Two tech firms ink leases in Fairfield

Two new tenants have committed at Highpoint Corporate Center in Fairfield, leasing a combined 21,500 square feet at the 162,000-square-foot office complex on Route 46.

Residential & Mixed Use
Manhattan Building Co. launches preleasing at ‘SoHo West’ complex in Jersey City

A developer is offering the first opportunity to lease an apartment at a new 377-unit complex in Jersey City, marking the next step in a major redevelopment near the Hoboken border.

Residential & Mixed Use
Kushner Cos. buying Plainsboro rental complex for $190 million

Kushner Cos. has acquired a 1,032-unit garden apartment community near Princeton for $190 million, bringing the property back under its control more than a decade after selling it.

Office
See new renderings of Mack-Cali’s waterfront makeover in Jersey City (SLIDESHOW)

Mack-Cali Realty Corp. has unveiled new renderings of its planned $75 million redevelopment of the Harborside complex in Jersey City, where it’s slated to modernize more than 4 million square feet of office space and create a new public retail plaza.

Government & Public Policy
NJAA names new assistant VP for government affairs

The New Jersey Apartment Association has added to its government affairs team with the hiring of a new assistant vice president, the organization announced Monday.