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
Eight-unit rental project in Dunellen wins planning board approval, Taylor Architecture says

A developer is moving forward with plans for a new eight-unit apartment building in Dunellen, having secured an approval late last month from the borough’s planning board.

Industrial
CBRE inks sale of 70,000 sq. ft. Conshohocken warehouse for $2.9 million

An investment firm has purchased a 70,000-square-foot industrial property outside Philadelphia for nearly $2.9 million, in a newly announced deal by CBRE.

Government & Public Policy
EDA looks to buy NJ Transit land sites under new legislative proposal, providing cash infusion while spurring development near train stations

State officials have unveiled a new plan to help NJ Transit monetize its real estate holdings, announcing a proposal in which it would sell properties to a fellow agency that it says is better equipped to market them for development.

Residential & Mixed Use
Russo, Hampshire debut 425-unit final phase of Hackensack’s Print House campus

The developers of the high-profile Print House project in Hackensack have completed its second phase, bringing another 425 luxury apartments to the city’s largest new residential property.

Professional Services
T&M Associates hires longtime finance, operations executive Lange as CFO

Professional services firm T&M Associates has welcomed Carolyn Lange, an accomplished finance and operations executive, as its new chief financial officer.

Hospitality & Tourism
JLL: Cardinale seeking partners for massive Adventure Crossing project in Jackson

Cardinale Enterprises is seeking equity partners for a three-phase, 222-acre project in Jackson where plans call for a new convention center, two hotels and hundreds of residential units alongside a host of existing retail space and athletic facilities.

Government & Public Policy
Developer of 1.5 million sq. ft. Bayonne studio complex secures $400 million Aspire award

The state has approved a 10-year, $400 million tax credit award in connection with plans to build a 1.5 million-square-foot film and television studio complex on the Bayonne waterfront.

Professional Services
Garlick, Lyons join MSW to expand firm’s real estate development, construction law teams

Murphy Schiller & Wilkes LLP has further bolstered its team of real estate attorneys with the addition of Thomas S. Garlick as counsel and Robert M. Lyons as an associate.

Office
Iron Ore, investors buy well-known 101,000 sq. ft. office building in West Orange

A group led by Iron Ore Properties LLC has purchased a 101,000-square-foot office building in West Orange, marking the first sale of the asset in more than 50 years.

Residential & Mixed Use
Kaplan builds on 60-year legacy in Sayreville with new 176-unit rental project

Kaplan Cos. has opened the doors to a new 176-unit rental property in Sayreville, its latest project during six decades of development in the borough.