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.

Finance & Capital Markets
HFF marketing Hoboken apartment complex

The owner of a two-building, 128-unit apartment complex in Hoboken has tapped HFF to sell the property, with brokers touting a “substantial value-add potential” in the state’s strongest rental submarket.

Industrial
New Brunswick industrial building trades for $4.8 million

A clothing manufacturer has paid $4.8 million to acquire a 138,000-square-foot industrial property in New Brunswick, Bussel Realty Corp. announced Wednesday.

The Rundown
Court dismisses challenge to American Dream bond sale

A state appeals court has ruled in favor of the state’s efforts to complete the American Dream Meadowlands project, dismissing a challenge to a $1.15 billion bond issuance that would help a developer resume construction at the stalled retail and entertainment complex.

Industrial
Produce company expanding with new facility in South Jersey

A produce distributor has picked Dermody Properties to develop its new packing and cold storage facility in Gloucester County.

Retail
Burlington County retail project attracts its first tenant

A developer has signed a fuel and food retailer as its first tenant at a planned 26,000-square-foot shopping center in Marlton, the company announced Tuesday.

Office
Digital media firm relocates within Hasbrouck Heights

G3 Communications has leased 6,400 square feet Heights Plaza, a 200,000-square-foot office building owned by Alfred Sanzari Enterprises in Hasbrouck Heights.

Top News
A food desert no more: Elizabeth supermarket project coming to life

A rendering of Pointe Grande Plaza, a new 55,000-square-foot retail center now under construction in Elizabeth. — Courtesy Jacobs Enterprises By Joshua Burd A new grocery-anchored shopping center is rising in Elizabeth, filling a void in an inner-city neighborhood whose…

Office
Colliers represents accounting firm in move into N.J.

Accounting and advisory firm Marks Paneth LLP has signed a long-term lease for 13,823 square feet at 8 Campus Drive in Parsippany, Colliers International Group Inc. said Monday.

Residential & Mixed Use
Value Cos. to manage Montclair apartment buildings

A landlord in Montclair has tapped Value Asset Management to oversee leasing and management of two neighboring apartment buildings in the Essex County township.

Office
Law firm, CPA among new tenants at Wall Township office building

Three new tenants have joined the roster at a 10,000-square-foot office building in Wall Township.