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.

Industrial
New Jersey’s 10 largest industrial projects, according to JLL

More than ever before, the race for space is on for industrial tenants seeking a short drive to Manhattan and the rest of the nation’s biggest consumer market. It’s why the state is teeming with new development up and down the New Jersey Turnpike.

Industrial
These developers dominate N.J. industrial construction

Development might be booming in New Jersey’s red hot industrial market, but it’s a small group of institutional players that have seized the opportunity in the biggest way.

Office
Colliers tapped to market Newark office tower

Heritage Capital Group has hired Colliers International Group to be its exclusive leasing agent for 550 Broad Street, a 270,000-square-foot office tower in downtown Newark.

People
New hire bolsters leasing, sales team for Goldstein

The Goldstein Group has bolstered its leasing and sales team with the addition of Marc Palestina, the Paramus-based retail brokerage announced Monday.

Residential & Mixed Use
At N.J. apartment summit, experts tout a dual-powered market

Experts touted the success of two separate classes in the state’s multifamily sector. One set consists of the high-end, newly built rentals along the Hudson waterfront, while the other includes the older, garden-style apartments that are farther west, but ripe for value-add improvements.

Office
WCRE brokers 4,500 sq. ft. office deal in Cherry Hill

A dental practice has leased 4,500 square feet at a Cherry Hill office building, brokerage firm Wolf Commercial Real Estate said.

Office
MetLife building in Hanover fetched nearly $100M

MetLife Investments’ newly completed headquarters attracted a sale price of $95 million, in a recently announced deal that culminated of high-profile redevelopment effort in Hanover.

Finance & Capital Markets
CBRE arranges $5M refinancing for Asian food distribution center

The owner of a refrigerated warehouse in Jersey City has obtained a $5 million loan to refinance the property, CBRE Group announced Friday.

Retail
Pierson: Jersey Mike’s adds new stores in northern, central N.J.

Jersey Mike’s Subs is continuing its rapid growth in the Garden State, with Pierson Commercial representing the chain in seven new leases in northern and central New Jersey.

Residential & Mixed Use
Chinese builder breaks ground on Jersey City condo complex

The U.S. affiliate of a Chinese construction giant has broken ground on its first project in Jersey City, a 358-unit condominium complex within the city’s waterfront Newport section.