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
Final piece of Weehawken condo project underway

Lennar has started construction on 67 new condominiums along the Weehawken waterfront, marking the final phase of the company’s luxury community known as Henley on Hudson.

Retail
JLL growing N.J. retail footprint, adds industry expert

JLL is making a push to expand its retail brokerage services in New Jersey, prompting the firm to hire an industry veteran with deep roots in the Garden State.

Finance & Capital Markets
Threats to 1031, carried interest in focus at private equity panel

With Election Day looming, real estate investors can’t help but think about Uncle Sam. A panel of experts in that industry explained why last week, pointing to the prospect of changes to federal regulations that they have come to rely on to do business and improve their returns.

Hospitality & Tourism
Developer pitches Newark site for North Jersey casino

A local developer is pushing a site in Newark as the home of a casino if voters approve a statewide gaming expansion next month — and he is meeting with operators from Atlantic City about the proposal.

Industrial
North Jersey industrial site to become self-storage facility

A self-storage operator plans to raze a 61,556-square-foot industrial building in Bergen County and rebuild the site with one of its own facilities, brokerage firm Marcus & Millichap said.

Health Care & Education
Colliers: Medical practice plans to convert Cherry Hill office building

An orthopedic practice has acquired a 12,000-square-foot office building in Cherry Hill for $1.2 million, real estate services firm Colliers International said.

Residential & Mixed Use
Area firm hired for preconstruction at Long Branch condo project

The developer of a South Beach-inspired residential complex in Long Branch has retained B. Harvey Construction for preconstruction services at the project, the firm announced.

Health Care & Education
Rutgers official talks campus makeover at AIA conference

Frank Wong has worked for Rutgers University for 30 years, but the last five have been especially busy for the head of the school’s planning and development office.

That’s no surprise, given the high-profile projects seen at Rutgers’ flagship campus in recent years — from the “wildly successful” new 550-bed residential honors college in New Brunswick to the iconic town square and retail space known as The Yard at College Avenue.

Health Care & Education
Nonprofit sues Paterson hospital over scrapped hotel project

A nonprofit group in Paterson is suing St. Joseph’s Medical Center over its decision to pull out of a plan to build a hotel on hospital property, according to a published report.

Office
‘Powerhouse’ amenities center completes office park turnaround

A joint venture has completed its multimillion-dollar plan to convert a former powerhouse structure into a standalone amenities center at a 525,000-square-foot business park in Hanover.