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.

Health Care & Education
Monmouth students meet CRE pros at annual Kislak Institute career night

Executives from some of the state’s top commercial real estate firms joined dozens of students recently at an annual industry career night hosted by Monmouth University.

Residential & Mixed Use
Gebroe-Hammer: 72-unit Jersey City portfolio fetches $7.75M

A three-building multifamily portfolio in southern Jersey City has changed hands, in a nearly $8 million deal brokered by Gebroe-Hammer Associates.

Office
New Jersey Future to honor Kearny shipyard redevelopment, other projects

A developer’s plan to transform a 2 million-square-foot former shipyard in Kearny is among several projects that will be honored later this spring by the organization New Jersey Future.

Government & Public Policy
Rebuilding affordable housing: After decades of policy purgatory, is N.J. finally ready to move forward?

Two years after the state Supreme Court shook up New Jersey’s affordable housing landscape, dozens of towns in the state may finally be ready to turn the page, even as many others dig in for what looks to be an even longer fight.

Government & Public Policy
Inside the courtroom: NJBA attorneys weigh in on high-profile Mercer trial

For nearly three months, attorneys representing the New Jersey Builders Association, the Fair Share Housing Center, several municipalities and others have been convening in a Trenton courtroom before Superior Court Judge Mary Jacobson. The case centers on the disputed affordable housing obligations for five towns in Mercer County — West Windsor, Robbinsville, East Windsor, Hopewell and Princeton — but its impact could turn out to be even greater.

Top News
Rutgers OKs $17M investment in sweeping New Brunswick theater project

A rendering of a planned performing arts center in New Brunswick’s cultural center. — Courtesy: ElkusManfredi Architects By Joshua Burd Rutgers University has approved plans to contribute more than a quarter of the $60 million cost to build a new…

Industrial
Rent growth, preleasing continue in N.J. industrial market during Q1

Big box leases continued to drive New Jersey’s industrial market to start the year, keeping a lid on vacancy as speculative construction carries on throughout the region.

Government & Public Policy
EDA looks to ride a rising tide in selling valuable Camden site to developers

The Economic Development Authority is marketing an 8.75-acre waterfront redevelopment site in the city, as a host of high-profile development projects and investments continue nearby.

People
New sales associate joins NAI Hanson

NAI James E. Hanson has expanded its industrial brokerage team with the addition of a new sales associate, the real estate services firm announced Thursday.

Office
Top Keystone executive promoted to president

Keystone Property Group has elevated a longtime executive to the role of president and chief operating officer, the development and investment firm said this week.