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.

Professional Services

Construction underway for new 48,000 sq. ft. church in Paramus, REDCOM says

REDCOM Design & Construction has broken ground in Paramus on what will be a 48,000-square-foot church building for a growing congregation.

Retail

Azarian: Workwear clothing shop secures third location with 2,400 sq. ft. lease in Woodbridge

A specialty clothing store is expanding to Woodbridge after leasing 2,400 square feet at a highway commercial property, according to a leasing team with Azarian Realty Co.

Partnership (and friendship) in focus as NAIOP New Jersey honors industry leaders, deals of the year at annual gala

NAIOP New Jersey welcomed another sold-out crowd to The Palace at Somerset Park, honoring the industry’s top talent as part of its 39th annual Commercial Real Estate Awards Gala.

Government & Public Policy

EDA commits $29 million in tax credits to New Jersey Symphony project in Jersey City

State officials have pledged more than $29 million in tax credits to the New Jersey Symphony, marking a key step in the organization’s plan to open a new permanent location in Jersey City.

Office

Signature touts Q1 leasing demand as new, existing tenants combine for 195,000 sq. ft.

Signature Acquisitions is riding the momentum of a strong first quarter after starting the year with some 195,000 square feet of leasing volume across its growing office portfolio.

Industrial

BRC: Adler inks 6,300 sq. ft. lease in South Plainfield with specialty foods importer, distributor

An importer of specialty food products has leased nearly 6,300 square feet of industrial space in South Plainfield, in a newly announced deal by Bussel Realty Corp.

Hospitality & Tourism

The Palace at Somerset Park debuts new event spaces after $10 million refresh by Iron Hill

The team behind a well-known banquet hall in Somerset County has completed a major renovation of the property, seeking to update and enhance it for a new generation of events.

Community

United Way Legacy Event, now in 27th year, hits $5 million fundraising milestone as organization honors Sanofi at M Station

More than 300 commercial real estate industry leaders converged last week for the annual United Way Legacy Event, raising $328,000 while honoring Sanofi’s new, 260,000-square-foot flagship office at Morristown’s M Station campus by SJP Properties.

Office

Landlord eyes sale of revitalized 194,000 sq. ft. office building in Parsippany, JLL says

The owner of a Parsippany office building is seeking a buyer for the nearly 194,000-square-foot asset, following a substantial update that spurred a flurry of notable leases in recent years.

Residential & Mixed Use

Community Investment Strategies, officials kick off Hoboken senior housing project, city’s first fully affordable development in 30 years

Community Investment Strategies Inc. has broken ground on a 36-unit affordable senior housing project in uptown Hoboken, the first of its kind in the city in more than three decades.