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.

Professional Services
Cresa adds Fray, Hollander as managing principals and New Jersey market leaders

Cresa has welcomed veteran brokers Jason Fray and Harlan Hollander as managing principals and market leaders in the tenant representation firm’s New Jersey office.

Industrial
Deugen, Devli partner to buy seven-acre industrial parcel in Newark

Deugen Investment Group and Devli Real Estate have acquired a low-coverage, seven-acre industrial parcel near Port Newark-Elizabeth, the firms announced Wednesday.

Residential & Mixed Use
PEEK launches ‘Good Neighbor’ incentives in Orange for teachers, nurses and first responders

PEEK Properties has unveiled special incentives for educators, nursing professionals and first responders who lease a home at the firm’s new 138-unit apartment building in Orange.

Retail
JLL: Denville Commons now full after new leases totaling 11,000 sq. ft.

A shopping center on Route 10 in Denville has reached full occupancy after commitments by four new tenants, brokers with JLL announced Wednesday.

Professional Services
DIGroup spearheading rehab of historic public libraries in Philadelphia

A plan to rehabilitate two historic public libraries in Philadelphia is now taking shape under a set of projects spearheaded by New Brunswick-based DIGroup Architecture.

Policy Page
New Jersey’s path to becoming a hub for advanced industries

New Jersey stands at a pivotal moment in its economic evolution. We’re presented with a unique opportunity based on consumer needs and federal priorities, including meaningful financial incentives. If New Jersey is to position itself as a hub for advanced industries such as data centers, energy storage and cold storage manufacturing, it needs to act.

Top News
Red Bulls break ground on new training complex in Morris Township

Construction is underway on the New York Red Bulls’ highly anticipated new training complex at the former Honeywell International headquarters site in Morris Township.

Residential & Mixed Use
Russo, Onyx debut 124-unit second phase of Vermella Woodbridge

Russo Development has unveiled the second piece of a new luxury rental project in Woodbridge, delivering another 124 units to the former Hess Corp. property just off Route 9.

Industrial
NAI Hanson: Truck dealership acquires Parsippany parcel, eyes new repair facility

A commercial truck dealership has acquired a property and maintenance facility in Parsippany for nearly $3.7 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Electrical maintenance business buys 2,100 sq. ft. Ewing warehouse, Fennelly says

An electrical contractor has acquired a 2,100-square-foot industrial building in Ewing, brokers with Fennelly Associates announced Tuesday.