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
R&J’s Johnson named to Somerset County Business Partnership Top 40 Under 40

The Somerset County Business Partnership has recognized Dan Johnson, a top public relations professional in New Jersey commercial real estate, as part of its Top 40 Under 40 class for 2024.

Residential & Mixed Use
Larken welcomes first residents, touts leasing milestone at new 120-unit Warren County project

The first residents have arrived at Larken Associates’ new 120-unit luxury apartment complex in the Warren County township of Pohatcong.

Finance & Capital Markets
JLL: Hornrock, GTIS close $115 million refi for new 389-unit Hackensack rental project

A joint venture has snagged $115 million in financing for a new two-phase, 389-unit multifamily development in downtown Hackensack, in a newly announced deal by JLL.

Office
NVE, JLL detail plans for newly assembled 625,000 sq. ft. innovation hub in East Hanover

New Vernon Equities has acquired 350,000 square feet of high-end office space at the former Novartis Corp. campus in East Hanover, with plans to incorporate the buildings into a larger development that caters to firms in life sciences and other innovation sectors.

Technology
Solar Landscape eyes next wave of growth after raising $847 million in debt, investment in 2024

Solar Landscape is planning a massive expansion of what is already the nation’s largest pipeline of rooftop solar projects for commercial buildings, having secured $847 million in project investment and financing in 2024.

Office
CBRE: McGivney Kluger takes 14,000 sq. ft. in latest law firm deal at The Eisenhower

A national law firm has leased nearly 14,000 square feet of office space at The Eisenhower in Livingston, in a deal arranged by brokers with CBRE and JLL.

Community
Resource Realty marks seventh annual toy drive with help of its neighbors in Parsippany

Resource Realty of Northern New Jersey is once again giving back during the holiday season, thanks in large part to its fellow tenants at a Parsippany office building.

Office
Newmark: Panasonic looks to sublease landmark 338,000 sq. ft. office tower in Newark

Panasonic Corp. of North America has listed its iconic headquarters in Newark for sublease, tapping Newmark as the agent for the nearly 338,000-square-foot building.

Retail
Longpoint buys 110,000 sq. ft. Kings-anchored center in Bedminster, JLL says

A global investment manager has sold a more than 110,000-square-foot, grocery-anchored shopping center in Bedminster, brokers with JLL announced Monday.

Professional Services
MSW boosts construction law, transactional groups with addition of Callahan and Stackpole

Murphy Schiller & Wilkes LLP has deepened its bench in multiple practice groups, announcing Sean Callahan and Briana Stackpole as the latest additions to its Newark-based team.