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.

People
J.G. Petrucci hires Duffy as newest project executive

J.G. Petrucci Co. Inc. has bolstered its development team with the addition of Michael Duffy as a project executive.

Residential & Mixed Use
Woodmont breaks ground on 120 townhomes, apartments in latest Lehigh Valley project

Woodmont Properties has broken ground on the second piece of a luxury rental property in Pennsylvania’s Lehigh Valley, with plans to build another 120 homes on a 14-acre site.

Community
REDCOM joins United Way of Greater Union County to unveil new Rahway headquarters

The United Way of Greater Union County has opened its new headquarters in Rahway after a nearly six-month renovation of a former Elizabethtown Gas Co. building.

Editor’s Note
The right mix

It may well be decades before New Jersey’s suburban office market is no longer overbuilt. That is, of course, assuming that property owners and local officials find the type of common ground needed for redevelopment, as we try to highlight when we come across those stories. We have one such example in our latest issue.

Industrial
Hillwood taps Drysdale as EVP and leader in Northeast, Midwest regions

Hillwood Investment Properties has appointed Justin Drysdale as executive vice president and regional leader for its Northeast, Mid-Atlantic and Midwest markets.

Professional Services
McManimon Scotland adds Shahid, Stern to deepen commercial real estate, bankruptcy teams

Falak Shahid has joined McManimon Scotland & Baumann LLC as an associate with its commercial real estate practice, one of two new additions to the Roseland-based firm.

Professional Services
Broadway Hot and Honey Chicken taps Tokarski Millemann to design new N.J. locations

Broadway Hot and Honey Chicken is adding new franchise locations in New Jersey with help of a design team with Tokarski Millemann Architects.

Residential & Mixed Use
HREV’s Birch House in Jersey City hits 70 percent leased

Halpern Real Estate Ventures has leased more than two-thirds of its new 337-unit high-end apartment property on Jersey City’s West Side, the developer announced this week.

Office
Insurance services firm right-sizes footprint with new Florham Park lease, Garibaldi Group says

A health care services company has found a new home in New Jersey, taking space at a Florham Park office building as part of a lease arranged by The Garibaldi Group.

Residential & Mixed Use
Lennar plans fall launch for four new developments with more than 500 homes combined

Lennar is set to debut four new developments in New Jersey, with offerings that will include everything from townhomes in Morris County to single-family dwellings in South Jersey.