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.

Residential & Mixed Use
West New York, Bayonne rental properties totaling 32 units trade in separate deals by CBRE

Two apartment buildings with a combined 32 units have changed hands in Hudson County, in a set of newly announced transactions by CBRE.

Residential & Mixed Use
Updated 10-unit apartment building in North Bergen trades for $1.7 million, Cervelli says

A private investor has purchased a 10-unit apartment building in North Bergen for $1.68 million, according to a brokerage team with Cervelli Real Estate & Property Management.

Government & Public Policy
Aiming high: A gleaming new office tower is Camden’s next big swing. Officials are now quietly working to get the project started.

Dreams of a building a new 25-story, 500,000-square-foot office tower in Camden still hinge on addressing several complex issues, but officials are confident in the project’s future, citing commitments from several key anchors in the city and the type of cooperation that has helped other large-scale investments in the city come to fruition.

Featured
Marcus Partners plans 72,000 sq. ft. warehouse after office teardown in Whippany

Marcus Partners’ plans at 35 South Jefferson Road in Whippany call for a new 72,000-square-foot logistics facility with 36-foot clear ceiling heights and a layout that will cater to single- or multitenant use. — Rendering courtesy: Marcus Partners By Joshua…

People
Scarinci Hollenbeck welcomes longtime attorney, municipal official DeMarco

Joseph DeMarco has joined Scarinci Hollenbeck LLC as a partner, bolstering its real estate, land use and public practices with a veteran attorney and municipal administrator.

People
Brown joins IRG as vice president, director for Pearl River innovation campus

The owner of a 2 million-square-foot research campus just north of New Jersey has tapped commercial real estate veteran Greg Brown as the property’s top executive.

Professional Services
Veteran broker Yamaguchi, expert in multinational clients, joins JLL’s New Jersey team

JLL has strengthened its New Jersey brokerage team with the addition of Naoki Yamaguchi as a vice president.

Top News
Reformation, eco-conscious fashion brand, opens in Short Hills after buildout by JRM

JRM Construction Management has completed its buildout of a new Reformation store at The Mall at Short Hills, helping to support the sustainable fashion brand’s expansion in New Jersey.

Retail
Former drive-in movie site in Wayne trades for $1.1 million, CBRE says

A private investor has purchased a 1.6-acre development site in Wayne for $1.1 million, in a newly announced deal by CBRE.

Office
Marcus: Investor buys historic commercial building in downtown Westfield for $5 million

A historic commercial property across from the Westfield train station has changed hands for $5 million, brokers with Marcus & Millichap announced Wednesday.