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.

Government & Public Policy
Rutgers real estate center leader Davis tapped as nation’s chief housing economist

Morris Davis, the longtime academic leader of the Rutgers Center for Real Estate, is joining the White House Council of Economic Advisers as the nation’s chief housing economist.

People
Denholtz adds Loy, Vasquez in key asset management positions

Denholtz has bolstered its asset management team with two new hires, welcoming commercial real estate industry veterans Warren Loy and Nicole Vasquez.

Retail
LMC: Dogtopia, Club Pilates join tenant roster at new-look retail center in West Orange

A plan to redevelop a grocery-anchored retail center in West Orange is bearing fruit with the addition of new tenants in the pet and fitness categories and several more in the pipeline.

Industrial
Fragrance company takes 25,000 sq. ft. at Somerset industrial property, BRC says

A fragrance manufacturer has leased 25,000 square feet of industrial space in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Tuesday.

Retail
New fitness, health and wellness tenants commit to Urban Edge center in Middletown

Urban Edge Properties has all but filled a Monmouth County shopping center after securing three new leases totaling some 6,000 square feet.

Industrial
Crow Holdings, Logistics Plus ink 1 million sq. ft. lease at new Exit 8 industrial campus

Crow Holdings Development has landed a 1 million-square-foot industrial deal, inking a full-building lease in Millstone with one of the nation’s fastest-growing logistics firms.

Industrial
Ridgecut Road kicks off construction for 146,000 sq. ft. logistics project in Orange County

Ridgecut Road has broken ground on a project that will bring more than 146,000 square feet of industrial space to a fast-growing submarket just north of New Jersey.

Residential & Mixed Use
Halpern reaches 80 percent leased at 337-unit Jersey City rental building

Halpern Real Estate Ventures has leased more than three-quarters of Birch House, its distinctive 337-unit luxury apartment building in Jersey City’s resurgent West Side.

Office
Freehold property with office, warehouse space trades for $3.7 million, Sheldon Gross says

A private business has acquired a nearly 9,000-square-foot commercial property in Freehold for $3.7 million, brokers with Sheldon Gross Realty announced Monday.

Residential & Mixed Use
Hartz launches leasing at 250-unit Fairways at Cranford property

Leasing is underway at a new 250-unit multifamily property that has helped revitalize the former site of an aging office complex in Cranford.