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 9,000 sq. ft. lease brings marketing firm to Morris Plains

A marketing and advertising firm has found a home at a newly renovated office building in Morris Plains, brokers with NAI James E. Hanson said Tuesday.

Professional Services
Transwestern, other CRE firms named to ‘Best Places to Work’ list

Transwestern’s New Jersey office announced it has been recognized for the fourth straight year for its work environment and quality of life for employees, one of several real estate-related firms in the state to earn the distinction this year.

Hospitality & Tourism
Ironstate, Panepinto open new Marriott hotel in Jersey City (PHOTOS)

A stretch of downtown Jersey City that has become known for its high-end apartment buildings has added a new high-end hotel, following the completion of an extended stay Marriott property by two area development firms.

Office
Rockefeller seeking tenant for 300K sq. ft. build-to-suit office in Florham Park (VIDEO)

The Rockefeller Group is moving ahead with the next piece of its master-planned redevelopment site in Florham Park — a proposed build-to-suit office building that the firm is now marketing to prospective tenants.

Residential & Mixed Use
Work set to begin at new 69-unit rental project in Somerville

A developer has received approval to build 69 luxury apartments in downtown Somerville, marking the latest project to move forward in the borough’s ongoing redevelopment.

Office
WCRE: Capital markets pick up steam in South Jersey office sector

Investment sales volume is on the rise for office buildings in three southern New Jersey counties, with nearly 800,000 square feet changing hands to start the year and another 2.7 million square feet on the market or under agreement.

Professional Services
With growth plans in sight, Colliers opens third N.J. office

Colliers International Group has opened a new location in Middlesex County as part of an expansion in the state that the firm says will only continue.

Residential & Mixed Use
Redwood Realty brokers $6M in Hudson County apartment sales

Seven apartment buildings in Hudson County traded last month for a combined price of $6 million, in a series of deals brokered by Redwood Realty Advisors.

The Rundown
Town alleges conflict of interest in affordable housing case, citing judge’s ties to developer

Attorneys for the township of South Brunswick are accusing a former Superior Court judge of having a conflict of interest, citing his ties to a developer that he went to work for only months after ruling that the municipality must zone for at least 1,500 affordable housing units.

Industrial
Logistics firms fill new spec industrial building at 8A, CBRE says

A new 450,000-square-foot industrial building in South Brunswick is at full occupancy after its developer signed leases with two logistics providers, according to CBRE Group Inc.