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.

People
Blau & Berg announces new shareholder, EVP

The Blau & Berg Co. has named Alessandro Conte a shareholder and executive vice president with the commercial real estate brokerage firm.

Office
NGKF: Marketing firm extends, upgrades at Bergen County office park

A marketing agency is both moving and consolidating its footprint within a Ridgefield Park office building, Newmark Grubb Knight Frank announced Monday.

Residential & Mixed Use
CBRE marketing fourth-generation rental complex in Edison

The longtime owners of a garden apartment complex in Edison have tapped CBRE to sell the 52-unit property, which the brokerage touts as a value-add opportunity in one of the state’s largest towns.

Industrial
Colliers brokers $3.5M flex trade in Gloucester County

An affiliate of U-Haul is the new owner of a three-building flex property in Swedesboro, following a $3.52 million sale arranged by Colliers International Group Inc.

Residential & Mixed Use
NJAA touts 2016 successes, swears in new board at annual meeting (PHOTOS)

The New Jersey Apartment Association has stepped up its lobbying efforts in policy issues affecting the state’s overall business community, as it continues to advocate for legislation that will help the multifamily housing industry.

Office
Vision Real Estate Partners acquires Mack-Cali Roseland portfolio

Looking to replicate its success with other suburban office properties, Vision Real Estate Partners has acquired a three-building, 610,000-square-foot portfolio on Eisenhower Parkway in Roseland, where the firm is now planning a series of upgrades.

Retail
North Brunswick shopping center welcomes new tenant

Painting retailer Sherwin-Williams has opened the doors of its new, 4,500-square-foot store at a North Brunswick retail complex, Levin Management Corp. said Friday.

Government & Public Policy
Developer acquires historic officer housing site at Fort Monmouth

RPM Development Group has acquired a historic 117-unit housing complex in Oceanport, marking the first deal on a large piece of the former Fort Monmouth site that was turned over to state officials last fall in an effort to push forward with redevelopment.

Residential & Mixed Use
Russo, Hornrock picked for ‘gateway’ project in Hackensack

Hackensack city officials have picked Hornrock Properties and Russo Development to transform a 4.3-acre parking lot into a mixed-use complex with 338 residential units and retail space.

Government & Public Policy
Business community mourns Franzini, state’s ‘greatest cheerleader and advocate’

Caren Franzini, who led the state’s Economic Development Authority for nearly 20 years and was among New Jersey’s most revered and well-respected business leaders, died Wednesday.