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.

Retail
New hire bolsters JLL retail team in New Jersey

JLL has continued the expansion of its retail brokerage team in New Jersey with the hiring of Eduardo Pena, an industry expert with more than 20 years of experience.

Government & Public Policy
Long overdue liquor license reform would drive economic development

Restaurants have proven to be desirable anchors for redevelopment projects and magnets for other businesses. However, with few liquor licenses available, smaller local establishments are having their chances of success diminished or are being shut out, thereby stifling competition, development and consumer choice.

Event Coverage
Gauging the future of rent growth, investor appetite along the booming Hudson waterfront

As residential high-rise construction continues to surge, developers and investors are keeping a watchful eye on rent growth and capital markets activity along the Gold Coast.

Roundtable
What are the biggest challenges to construction and redevelopment in New Jersey?

What are the biggest challenges to construction and redevelopment in New Jersey? We assembled a panel of industry experts to tackle this month’s question.

The Rundown
Developers plan $35 million mixed-use project in Burlington City, report says

A joint venture is one step closer toward redeveloping a parking lot in Burlington City into 184 apartments and nearly 8,000 square feet of retail space along the Delaware River.

Hospitality & Tourism
Atlantic City’s $138 million ‘PolerCoaster’ set for 2019 debut after EDA approval

A towering “PolerCoaster” rising 350 feet is on track to become one of Atlantic City’s newest attractions, following state approval Thursday of a $38.4 million tax incentive for the project.

Residential & Mixed Use
Officials, developers break ground on $24M affordable housing project in Woodbridge

Construction is underway at what will be a new low- and moderate-income residential community in Woodbridge, replacing a former 1950s-era public housing complex.

Health Care & Education
NJIT, public officials celebrate $86M renovation project at Newark campus

A former high school in Newark has found new life as a New Jersey Institute of Technology academic and research building, following an $86 million renovation that the university unveiled Thursday.

Deals
Totowa properties are latest industrial acquisitions for Sitex

Sitex Group has acquired two industrial properties totaling 180,000 square feet in Totowa, adding to its portfolio of infill warehouses and distribution centers in North Jersey.

Finance & Capital Markets
Procida lends $7.65 million for townhome project

Procida Funding LLC has closed a $7.65 million construction loan for a planned 12-unit townhome project in Brooklyn, the Englewood Cliffs-based firm announced.