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
One Theater Square: The right project at the right time

Stakeholders are celebrating a project that is not only a long time coming, but coming at perhaps the perfect time for Newark.

Government & Public Policy
In Newark, a feel-good moment decades in the making

Business leaders and public officials gathered in Newark on Monday for groundbreaking ceremony for One Theater Square, a $116 million residential tower across from the New Jersey Performing Arts Center.

The Rundown
Report: 21-unit project pitched for Jersey City’s Heights section

A developer has proposed building a 21-unit residential complex at what is now a repair shop in Jersey City’s Heights section, according to a published report.

Office
Highs, lows of changing N.J. life sciences real estate market

A wave of acquisition and divestment activity is reshaping the life sciences industry — and its real estate needs — resulting in demands for new office space and a surplus of lab inventory. A new report reminds us that New Jersey is seeing many of those changes firsthand.

Residential & Mixed Use
Two months in, Bloomfield rental property marks leasing milestone

A new 140-unit, luxury apartment complex in Bloomfield has leased 50 percent of its units in less than two months — a pace that exceeds the expectations of its own developer.

Retail
Ocean County retail site with STS trades for $1.175 million

An unnamed company has paid $1.175 million to acquire a nearly 10,000-square-foot retail site in Manchester, Marcus & Millichap announced Friday.

Finance & Capital Markets
Brokerage team closes $30M in deals since Labor Day

Two New Jersey-based brokers with Marcus & Millichap have kept busy in recent months, executing deals with a total value of more than $30 million threshold since Labor Day.

Residential & Mixed Use
Marketing push underway for transformative Journal Square project

With its partner, National Real Estate Advisors, KRE Group is preparing to open a high-profile project in one of Jersey City’s most storied neighborhoods — a 53-story residential tower that will mark the first piece of what’s known as Journal Squared.

Residential & Mixed Use
N.Y. firm eyes 2.3M sq. ft. redevelopment of Newark stadium

A developer has closed on its acquisition of the former Newark Bears baseball stadium in the state’s largest city, paving the way for it to redevelop the site into a sprawling mixed-use neighborhood.

Retail
Denholtz gets OK for shopping center in Clark redevelopment

The Clark planning board has approved Denholtz Associates’ plans to redevelop part of a sprawling commercial complex near the Garden State Parkway, the firm announced.