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
Ironstate, Mack-Cali launch leasing at new 69-story rental tower on Jersey City waterfront (PHOTOS)

Developers are off to a fast start at what is currently the tallest residential building in New Jersey, the distinctive waterfront tower known as Jersey City Urby.

Hospitality & Tourism
Report: Deal to convert former Atlantic Club casino to water park falls through

A development group’s plans to redevelop the shuttered Atlantic Club casino as a water park have reportedly fallen through after a large investor pulled its funding from the project.

Industrial
NAI Hanson: Contractor moving to Morris County after flex acquisition

An HVAC contractor has acquired and will relocate to a 27,248-square-foot industrial flex building in Randolph, under a deal arranged by brokers with NAI James E. Hanson.

Retail
Marcus & Millichap brokers sale of net-leased dollar store in Orange

A developer has sold an 8,020-square-foot Family Dollar property in Essex County for just over $2 million, according to Marcus & Millichap.

Current Issue
The suburbs need to adapt: A roadmap for towns to reinvent themselves

By Peter S. Reinhart We all get older until we don’t. During our lifetime, our bodies age and we do our best to slow down the process of aging, but inevitably the end arrives. The use of our land is…

People
Three promoted to VP at Garibaldi Group

The Garibaldi Group has promoted three sales associates who the firm says have been the driving force behind the office leasing team at the Bell Works redevelopment project in Holmdel.

Retail
Former gas station site in West Caldwell sold, slated for redevelopment

A local developer has acquired a former gas station site in West Caldwell that has approvals to be rebuilt as a retail bank, in a sale brokered by NAI James E. Hanson.

Retail
New owners plan $5 million makeover at Mercer County retail center

A joint venture has acquired a nearly 400,000-square-foot shopping center in Mercer County and is now planning some $5 million in upgrades at the grocery-anchored property.

Industrial
3PL continues growth at Prologis building in South Brunswick

A third-party logistics firm has once again expanded at a South Brunswick industrial park, CBRE said Tuesday after representing the tenant in the 210,600-square-foot lease.

Office
NAI Mertz brokers Gloucester County office trade

A real estate private equity firm has acquired a 45,000-square-foot office building in Woodbury, following a deal arranged by brokers with NAI Mertz.