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.

Community
New gallery for Newark Arts opens at Russo’s Vermella Broad Street project

Russo Development has opened the doors to a new year-round art gallery at the base of Vermella Broad Street, a 296-unit luxury apartment property that opened earlier this year.

Government & Public Policy
DCA issues affordable housing guidelines to address present, future deficit of 150,000 units

The state has released its highly anticipated guidelines for each municipality’s affordable housing obligations, following the adoption of a law earlier this year that sought to streamline the complex, often controversial process that has vexed policymakers for decades.

Industrial
Ambient Capital taps Blau & Berg to lease 650,000 sq. ft. industrial complex in Harrison

The new owner of some 650,000 square feet of industrial space in Harrison and Kearny has picked The Blau & Berg Co. as its leasing team for the complex.

Finance & Capital Markets
BLP lands $10.3 million construction loan for 76,000 sq. ft. warehouse project in Somerset

Bridge Logistics Properties has secured some $10.3 million in construction financing for more than 76,000 square feet of new industrial space in the Somerset section of Franklin.

Retail
Honeygrow opens in Bridgewater as stir fry, salad chain grows to eight New Jersey stores

Stir fry and salad restaurant honeygrow has opened the doors to a new store in Bridgewater, marking the eighth New Jersey location for the Philadelphia-based chain.

Events
NAIOP New Jersey unveils 2024 President’s Awards honorees, plans new format

NAIOP New Jersey will honor its volunteer leaders and other key contributors next month as the commercial real estate group hosts its annual President’s Awards and Hall of Fame Reception.

Retail
The Fresh Grocer operated by Inserra to open 31,000 sq. ft. store in Ringwood

Inserra Supermarkets is coming to a Passaic County shopping center under a newly announced 31,000-square-foot lease with The Azarian Group LLC.

Retail
Vantage Commercial: Mixed-use portfolio trades as Atlantic County business winds down

The longtime owners of an Atlantic County hardware store business have sold two mixed-use commercial properties, in a newly announced deal by Vantage Commercial.

Professional Services
Hoffman joins Lindabury litigation, real estate teams

Lindabury, McCormick, Estabrook & Cooper PC has welcomed Gregory Hoffman as an associate in its litigation and real estate, land use and zoning practice groups.

Retail
CBRE: Pasbjerg sells 376,000 sq. ft. portfolio of ShopRite-anchored centers in Ocean County

A developer has sold more than 376,000 square feet of grocery-anchored retail space across three properties in Ocean County, in a newly announced deal by CBRE.