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.

Top News
Profeta named to NJIT board of trustees

State officials have appointed Paul V. Profeta, the founder of Paul V. Profeta & Associates and publisher of Real Estate NJ, to New Jersey Institute of Technology’s board of trustees.

Industrial
Terreno, 3PL firm sign 75,000 sq. ft. industrial lease in Elizabeth

Terreno Realty Corp. has landed a new tenant for a nearly 75,000-square-foot industrial space in Elizabeth, in a deal arranged by The Blau & Berg Co. and JLL.

Finance & Capital Markets
Owner of Hoboken retail property secures new financing, Cronheim says

A major property owner in the region has snagged financing for a two-tenant retail building in downtown Hoboken, in a deal arranged by Cronheim Mortgage.

Industrial
New supply still outpacing demand for New Jersey industrial space, NAI Hanson says

The northern New Jersey industrial market saw another quarter of rising vacancy despite strong demand, as new construction deliveries continued to outrun leasing volume.

Residential & Mixed Use
Prism eyes multifamily development at 33-acre former office campus in Woodland Park

Prism Capital Partners has acquired a 33-acre former corporate campus in Woodland Park with zoning in place to build up to 400 residential units, in a deal arranged by JLL.

Office
C&W: Three office users renew as new eatery commits to Jersey City’s Newport Tower

BGO has secured a new retail lease and renewals with three office tenants at its 36-story Newport Tower in Jersey City, brokers with Cushman & Wakefield announced.

Professional Services
Savage, veteran architect of 15 years, joins Studio 1200 as design director

Studio 1200 has broadened its leadership team with the addition of Annie Boccella Savage as a design director, the Short Hills-based firm announced Wednesday.

Professional Services
DeSimone acquires precast, tilt-up construction services firm MER Engineers

A global engineering firm with several New Jersey clients has made an acquisition that will bolster its platform with precast and tilt-up construction services.

Retail
Ethan Allen takes 4,700 sq. ft. at Woodcliff Lake retail center, Goldstein Group says

Ethan Allen has leased 4,700 square feet at an upscale retail center in Woodcliff Lake, joining more than two dozen tenants at a location just off the Garden State Parkway.

Residential & Mixed Use
CIS, Hoboken officials tout plan for city’s first senior affordable housing project in 30 years

A proposal to build Hoboken’s first new senior affordable housing property in decades has secured a key approval, paving the way for an expected 2025 groundbreaking.