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
New dental practice takes over Hackensack building

NAI James E. Hanson has brokered a 1,025-square-feet office lease between a Hackensack landlord and a dental practice, the firm said Thursday.

Finance & Capital Markets
N.J. team brokers $390M sale of retail assets in New York, Alabama

Brokers in HFF’s Florham Park office have closed a $390 million sale of a 4.5 million-square-foot retail portfolio spread across New York and Alabama, the firm announced.

Office
N.J. sees a rare infusion of sublease space, Transwestern says

Vacant sublease space in New Jersey’s office market has reached its highest level in four years, thanks in part to a string of major corporate relocations within the state in recent months. But experts say that’s no cause for alarm.

Industrial
Matrix looks to Staten Island as its next frontier

Matrix Development Group is crossing the Arthur Kill for its latest industrial project, breaking ground on its first two buildings in a planned logistics park in Staten Island.

Retail
Goldstein Group brokers sale of Wayne retail buildings

An investment firm has acquired two properties occupied by furniture retailers along Route 46 in Wayne, the Goldstein Group said Tuesday.

Industrial
Calif. firm expands eastward to Secaucus, NAI Hanson says

A Secaucus warehouse will be the new home of a firm that provides rental furniture and other products to the event industry, as part of its expansion from the West Coast.

Government & Public Policy
Are low rates here to stay? An insider makes the case (SLIDESHOW)

Certainty and predictability can be hard to come by these days, so real estate and finance professionals will settle for a little conviction when it comes to the Federal Reserve. They got exactly that last week at an event hosted by the Rutgers Center for Real Estate.

Industrial
NGKF: Middlesex, 8A continue to shine in N.J. warehouse sector

Middlesex County continues to be the epicenter of industrial leasing in northern and central New Jersey, thanks largely to its size and an ability to meet the demand for newly developed, state-of-the-art distribution space along the New Jersey Turnpike.

People
Longtime Brandywine general counsel joins Duane Morris

Brad A. Molotsky has joined Duane Morris LLP as a partner in its real estate and energy, environment and resources practice groups, the law firm announced.

Finance & Capital Markets
Hampshire, CrownPoint sell Harrison community

The developers of a 104-unit apartment complex in Harrison have sold the property about a year after opening in the growing transit hub community, brokerage firm HFF said Tuesday.