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.

Industrial
New 120,000 sq. ft. warehouse opens next to Teterboro Airport, PREMIER Design + Build says

LBA Logistics has delivered nearly 120,000 square feet of new high-end industrial space in Teterboro as part of a project constructed by PREMIER Design + Build Group.

Residential & Mixed Use
New 317-unit Urby tower opens in Journal Square, marking developer’s second in Jersey City

The newest Urby luxury apartment building has arrived in Jersey City with the debut of a 25-story, 317-unit property in the resurgent Journal Square neighborhood.

Finance & Capital Markets
G.S. Wilcox closes loans totaling $32 million for Hoboken, Madison commercial assets

The owner of a commercial property in downtown Hoboken has obtained more than $26 million in financing, in one of two recent transactions by G.S. Wilcox & Co.

Professional Services
Langan acquires Robert Stephen Consulting, eyeing growth in portfolio management

Langan Engineering & Environmental Services has acquired a California-based consulting firm, seeking to strengthen its technology offerings for clients that manage real estate portfolios.

Retail
SRS: Cypress, Stockbridge sell LA Fitness tract for $14 million in latest deal at Linden center

A developer and its partner have sold a newly built, 41,000-square-foot LA Fitness property in Linden for nearly $14.3 million, in a newly announced deal by SRS Real Estate Partners.

Industrial
BRC: Industrial maintenance, supply firm buys 3,100 sq. ft. building in Edison

An industrial maintenance and supply business has acquired a nearly 3,100-square-foot commercial building in Edison, according to a brokerage team with Bussel Realty Corp.

Residential & Mixed Use
Builder set to mark construction milestone for 196-unit rental project in Journal Square

The construction team for nearly 200 new upscale apartments in Jersey City is eyeing a spring 2025 delivery as it prepares to mark a key milestone for the project.

Office
Health care startup Noom moves headquarters to downtown Princeton

Digital health company Noom Inc. has relocated its headquarters to downtown Princeton while also unveiling a new office space in Midtown Manhattan.

Office
CPN completes 22,000 sq. ft. in transactions in Pennington, Princeton area

Commercial Property Network Inc. has announced a flurry of new commercial leases and renewals and a property sale in suburban Mercer County.

Government & Public Policy
State awards program honors Walters senior affordable housing project in Branchburg

The state has recognized Walters for one of the development firm’s newest projects — a 150-unit age- and income- restricted property in the Somerset County borough of Branchburg.