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.

Top News
Profeta Center graduates second class of minority entrepreneurs

The Profeta Center for Innovation and Entrepreneurship at New Jersey Institute of Technology has graduated its second class of minority entrepreneurs, paving the way for the launch of more than two dozen businesses led by Newark-area residents.

Industrial
Trammell Crow Co. taps Fraser to lead industrial development in NYC metro

Trammell Crow Co. has hired Jessica Fraser as a senior vice president tasked with leading its industrial development throughout the New York City metro region.

Industrial
Blau & Berg: Auto exporter leases 5.5-acre industrial outdoor storage parcel in Newark

A global auto exporter has leased an industrial outdoor storage parcel in the heart of Newark’s port district, in a transaction arranged by The Blau & Berg Co.

Retail
Boot Barn leases 20,000 sq. ft. in Paramus for first Bergen County location, Welco says

Western apparel chain Boot Barn has taken 20,000 square feet along Route 17 in Paramus, in a newly announced deal by Welco Realty Inc.

Retail
Sheldon Gross: Weight loss spa Bodenvy takes 2,400 sq. ft. in Summit

A weight loss spa has found its first New Jersey location after leasing 2,400 square feet in downtown Summit, brokers with Sheldon Gross Realty announced last week.

Event Coverage
Brighter days ahead: Panelists bullish on Jersey City office market amid historic Bank of America lease, continued residential boom

If there were ever a time for optimism — specifically for Jersey City’s embattled office market — it may as well come after a blockbuster 548,000-square-foot lease. That bullishness was evident Wednesday at the annual Jersey City Summit, where panelists were largely upbeat and confident that the submarket was due for a major uptick after several challenges in recent years.

Industrial
Hardware distributor signs 49,000 sq. ft. lease renewal in Lincoln Park, CBRE says

A hardware distributor has inked a lease renewal at a nearly 49,000-square-foot industrial building in Lincoln Park, according to a brokerage team with CBRE.

Industrial
DXD Capital unveils new 761-unit Public Storage facility in Toms River

Private equity investor DXD Capital has taken the wraps off a new climate-controlled, 761-unit self-storage building in Toms River.

Residential & Mixed Use
Cervelli: Updated six-unit rental building in Jersey City Heights trades for $1.3 million

A private entity has acquired a newly renovated, six-unit apartment building in Jersey City for $1.3 million, in a deal arranged by Cervelli Real Estate and Property Management.

Finance & Capital Markets
JLL: Petrucci lands JV equity, Provident construction loan for Bucks County warehouse project

J.G. Petrucci Co. Inc. has secured joint venture equity and construction financing for a 330,000-square-foot industrial project in Pennsylvania’s Bucks County, brokers with JLL announced.