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.

Macy’s to ID stores slated for closure in early 2017

The list of which Macy’s stores will be closed in the latest round of cost-cutting by the retailer will be unveiled soon after the holiday shopping season.

DMR Architects grows production staff by three

DMR Architects has bolstered its production team with three new hires.

Thousands of units still to come in Gold Coast building boom

If you thought the luxury building boom along New Jersey’s Hudson waterfront was on the verge of slowing down, think again

VIDEO: Rutgers, Devco open new student housing and retail hub in New Brunswick

A major piece of Rutgers University’s sweeping redevelopment effort in New Brunswick has opened its doors — as evidenced by the 465 students who moved in this past weekend.

Built by New Brunswick Development Corp., or Devco, The Yard @ College Avenue includes 160 apartments for undergraduates and some 15,000 square feet of retail space. At the center of the 14-story, U-shaped apartment building is a 25,000-square-foot public green space and a 320-square-foot outdoor LED monitor.

The roughly $90 million project, which sits at the corner of College Avenue and Hamilton Street, is one component of historic makeover at Rutgers’ College Avenue campus. The effort represents more than $300 million in total investment and has been touted as a way to put New Brunswick on par with other major college towns across the country.

The opening of The Yard follows last year’s completion of a 550-bed honors college along George Street and a newly built facility for the New Brunswick Theological Seminary, which was relocated in order to make way for the Rutgers project. Next week, Devco and Rutgers are slated to open the university’s first academic building on the campus in decades.

Levin: Two new tenants joining North Brunswick retail center

Sherwin-Williams and Community Dental will be among the newest tenants at a nearly 300,000-square-foot shopping center in North Brunswick, Levin Management said this week.

Developer: Crews could return to American Dream in late September

Construction could resume at the stalled American Dream Meadowlands site in the coming weeks, now that efforts to finance the massive project appear to be back on track.

Perruna joins JLL to lead project and development services in N.J.

JLL has hired Christopher Perruna as a senior vice president to oversee its project and development services team in New Jersey, the real estate services firm announced.

Levin marketing former Sports Authority space in Paramus

Levin Management will lead the effort to fill a 50,000-square-foot, big-box retail space in Paramus formerly occupied by defunct Sports Authority chain.

Sanzari hires Santoni to lead residential property division

Andrea Santoni has joined Alfred Sanzari Enterprises as a residential property manager in charge of some 500 apartments in Bergen County, the firm announced.

Freehold attorney named to international committee post

Christine Roy, a partner in Rutter & Roy LLP, has been asked to serve on the International Right of Way Association’s international ethics committee.