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
JRM Construction touts completion of 337-unit multifamily project in Jersey City

JRM Construction Management is marking the completion of a project known as Birch House, a development that has brought 337 apartments to Jersey City’s West Side.

Residential & Mixed Use
Connell debuts second location for ‘Fieldhouse,’ its in-house fitness brand in Berkeley Heights

The Connell Co. has unveiled the second location of its membership-based luxury fitness and wellness club at The Park, its flagship business and lifestyle campus in Berkeley Heights.

Residential & Mixed Use
Walters on track for November completion for new age-restricted rentals in Manahawkin

Walters is eyeing a fall delivery for a new 34-unit affordable housing project in the Manahawkin section of Stafford Township.

Professional Services
Lument doubles capital markets team with five new hires, opens East Rutherford office

Commercial real estate finance firm Lument has doubled the size of its capital markets team, announcing five new hires as well as the launch of an office in New Jersey.

Technology
A new wave of data center demand is coming to New Jersey, but supply may be tighter than ever

Demand for data center space in New Jersey is surging on the back of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.

Professional Services
NIA National Realty adds Langan as director, eyeing expansion of brokerage team

NIA National Realty has tapped longtime industry executive Joseph Langan as a director with its Paramus-based team.

Retail
Marcus: Net-leased Wawa convenience store, gas station in Lakehurst trades for $6.5 million

A private investor has acquired a newly built, net-leased Wawa property in Lakehurst for $6.5 million, brokers with Marcus & Millichap announced Wednesday.  

Professional Services
Veterans Affairs taps WCRE Property Management for highly anticipated Toms River clinic

WCRE Property Management is bringing its services to a new Department of Veterans Affairs health care clinic in Toms River that’s slated to open next month.

Industrial
JLL inks sale of new 104,000 sq. ft. Long Island industrial building

A developer has sold a nearly 104,000-square-foot industrial building in New York’s Suffolk County, in a deal arranged by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Milestone moment: PARQ debuts first 275 apartments at Parsippany office campus

A developer has unveiled a new 275-unit luxury apartment building in Parsippany, in a key step toward repurposing an aging suburban office campus at the crossroads of two interstates.