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.

People
SJP Properties taps Hughes as vice president, planning and development

SJP Properties has bolstered its leadership team with the addition of Keenan Hughes, a veteran land use consultant, as vice president for planning and development.

Top News
NJPAC redevelopment underway as construction begins for redesigned outdoor space

Construction is underway for a project that will revamp the New Jersey Performing Arts Center’s outdoor space, in the first piece of a major redevelopment for the Newark theater complex.

Professional Services
Forcello, CBRE’s Central Jersey market leader, named managing director

CBRE has promoted Will Forcello to managing director, his latest role during more than 15 years with the real estate services firm.

Office
Sanzari signs 2,800 sq. ft. renewal with law firm, longtime tenant at Hackensack’s Court Plaza

Alfred Sanzari Enterprises has signed a nearly 2,800-square-foot lease renewal with a law firm at its Court Plaza office campus in downtown Hackensack.

Office
NAI Hanson: Vyom Donut Management takes 1,800 sq. ft. at Rochelle Park flex building

A new office tenant is coming to a Rochelle Park flex property after inking a lease for nearly 1,800 square feet, brokers with NAI James E. Hanson announced Monday.

Retail
Playa Bowls franchisee inks lease at Old Bridge’s Glenwood Green, Platinum Realty says

Playa Bowls is coming to a newly built shopping center in Old Bridge under a 1,500-square-foot lease arranged by Platinum Realty Services Corp.

Office
Regeneron takes 127,000 sq. ft. at Vision’s Warren Corporate Center

Regeneron Pharmaceuticals Inc. has leased nearly 127,000 square feet at the sprawling Warren Corporate Center campus, with plans to relocate from another location just off Interstate 78

Residential & Mixed Use
Investor buys 24-unit apartment complex in Oradell, in value-add deal brokered by SAGE

A long-term owner has sold a 24-unit garden apartment complex in Oradell, in a newly announced transaction by SAGE Investment Real Estate Advisors.

Government & Public Policy
EDA to host info session this week at Stockton’s Atlantic City campus for new Emerging Developers Grant program

The state Economic Development Authority is headed to Atlantic City this week to host an in-person information session for its new $20 million Emerging Developers Fund.

Health Care & Education
Atkins launches upgrade, expansion of 70,000 sq. ft. medical office building in Gloucester Co.

Atkins Cos. has kicked off a project that will modernize and add more than 30,000 square feet of rentable space to a medical office building in Gloucester County’s Washington Township.