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.

JLL: ‘Premier’ office buildings still shining in New Jersey with lower vacancy, higher rents than other Class A properties

Only a third of northern and central New Jersey’s top office buildings are less than 10 years old or have been significantly improved within that span — but their owners are reaping the benefits.

Indictment against Norcross, allies details alleged pattern of extortion, political pressure behind Camden’s highest-profile development projects

A series of land deals, developers and high-profile construction projects along Camden’s waterfront are now in the spotlight after New Jersey’s attorney general announced a bombshell indictment against South Jersey power broker George Norcross and five others.

Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex from NYL for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Advocacy groups: Funding NJ Transit is critical to state’s economic, environmental future

As the state wrestles over a solution to address NJ Transit’s fiscal cliff, we must not lose sight of the importance of funding public transportation. For years, NJ Transit has made New Jersey a more equitable, environmentally friendly and economically competitive place to live. Our leaders must include a dedicated funding source for NJ Transit operations in the FY 2025 budget. Supporting NJ Transit ensures that hundreds of thousands of transit-dependent riders access jobs, schools and health care, which supports employers and the regional economy. 

Bell Works to host annual Career Day featuring sprawling property’s office, retail tenants

The Bell Works campus in Holmdel is hosting a career fair featuring many of the tenants at the 2 million-square-foot property, having drawn some 2,000 attendees for a similar event last year.

WCRE: Freestanding 5,000 sq. ft. office building trades in Gloucester City

A real estate firm has sold a 5,000-square-foot office building in Gloucester City, in a newly announced deal by Wolf Commercial Real Estate.

Joint venture breaks ground on 90-unit multifamily project in downtown Dover

A development team has broken ground on a 90-unit luxury apartment building in Dover, seeking to bring new life to a long-vacant parcel downtown.

JLL: Buyer wanted for 110-unit luxury rental property in Edgewater

The longtime owner of a 110-unit luxury apartment complex in Edgewater has put the property on the market for sale, in an offering by JLL’s New Jersey capital markets group.

Thor completes $18.3 million sale-leaseback for 112,000 sq. ft. industrial building in Elizabeth

Thor Equities Group has acquired nearly 112,000 square feet of industrial space in Elizabeth as part of a sale-leaseback valued at $18.3 million.

Deluccia: Somerset County Business Partnership takes 6,200 sq. ft. in downtown Somerville

The Somerset County Business Partnership has found a new home after leasing nearly 6,200 square feet in downtown Somerville, according to a team with Deluccia Commercial Group.