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
Gebroe-Hammer touts $1.4B in deals through three quarters

Gebroe-Hammer Associates has brokered more than 100 multifamily deals totaling some $1.4 billion in value through the first three quarters of 2016, the firm announced.

Finance & Capital Markets
Apartment high-rise in Somerset County sells for $54M

The developer of an apartment tower just outside New Brunswick has sold the building for $54 million, in a deal brokered by HFF’s New Jersey office.

The Rundown
Emerson council considers vote to allow new mixed-use buildings downtown

A vote by local officials in Emerson could bring a developer one step closer to building a mixed-use project that would transform part of the town’s central business district.

Retail
Supermarket fills void in Irvington shopping center

A new SuperFresh has opened its doors in Irvington in a space once occupied by Pathmark.

Residential & Mixed Use
Circle Squared, Hampshire partner in apartment deal

Two Morristown-based firms are among those involved in the acquisition of a 216-unit apartment complex in Denver, the companies announced Monday.

Residential & Mixed Use
New Metuchen apartment project open for leasing, Woodmont says

Woodmont Properties is officially seeking renters for its newest apartment community.

Office
Garibaldi marketing 310K sq. ft. sublease in Bridgewater

The Garibaldi Group has been tapped to sublease an eight-story, 310,000-square-foot office building in Bridgewater, part of the Class A campus known as Somerset Corporate Center.

Retail
Sanzari inks renewals at Hackensack retail plaza

Four tenants have renewed leases totaling 10,250 square feet at a 100,000-square-foot shopping center in Hackensack, the property’s owner announced Monday.

Health Care & Education
Prism prepares for ‘next chapter’ of iconic Roche campus

An affiliate of Prism Capital Partners has closed on its purchase of the former Hoffman-La Roche campus in Nutley and Clifton, clearing the way for the developer to recreate the 116-acre site with a mix of new commercial tenants, retailers and residential development.

Office
PSEG headquarters tower in Newark sells for $174.5M

A real estate investment trust has sold the Public Service Enterprise Group headquarters tower in Newark for nearly $175 million, according to the seller and brokers involved in the deal.