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
Value Cos. adds retired police chief as construction manager, director of security

Value Cos. has hired former North Caldwell Police Chief Mark Deuer as its construction manager and director of security.

Residential & Mixed Use
Developer lands key approval for 32-unit project at historic hospital site in North Plainfield

More than 30 new apartments are slated to come to the site of a historic sanatorium in North Plainfield after a key approval last month by the borough’s planning board.

Industrial
STRO, KRE Group break ground on 137,000 sq. ft. project in new Florham Park industrial zone

More than 135,000 square feet of new warehouse and logistics space is coming to Florham Park under a project that’s now under construction at a former office and data center property.

Residential & Mixed Use
LeFrak launches leasing at 385-unit upscale rental tower at Newport’s northern end

LeFrak is taking the wraps off a new 385-unit luxury apartment tower in Jersey City, the latest addition to its master-planned Newport district along the Hudson waterfront.

Industrial
Woodmont, Sagard unveil newly expanded 210,000 sq. ft. warehouse at Exit 8A

Woodmont Industrial Partners and Sagard Real Estate have completed their update and expansion of a South Brunswick industrial building that now spans 210,000 square feet.

Office
Dental practice acquires 6,000 sq. ft. medical office building in Teaneck, NAI Hanson says

A specialty medical group has sold a 6,000-square-foot office building in downtown Teaneck, brokers with NAI James E. Hanson announced Tuesday.

Retail
Pierson named retail leasing firm for Saxum-owned property in downtown Summit

Saxum Real Estate Partners has tapped Pierson Commercial as its retail leasing agent for a rarely available commercial building in downtown Summit.

Residential & Mixed Use
Hudson Atlantic: Pennsylvania rental building fetches $6 million, in first trade in 40 years

The longtime owner of a 57-unit apartment building in southeast Pennsylvania has sold the property for $6 million, in a newly announced deal by Hudson Atlantic Realty.

Government & Public Policy
The affordable housing debate: Gubernatorial candidates weigh policy challenges, solutions at New Jersey Planning and Redevelopment Conference

The debate over how to expand affordable housing in New Jersey is far from over, even after the passage of a law to devise the next round of obligations for hundreds of towns and cities. That was clear last week during a roundtable discussion involving four candidates hoping to be the state’s next governor, who were on hand for the annual New Jersey Planning and Redevelopment Conference in New Brunswick.

Retail
Net-leased Vitamin Shoppe property on Route 22 trades for $3.5 million, Marcus says

An investor has acquired the site of a nearly 4,900-square-foot retail building on Route 22 in Union Township, in a newly announced deal by Marcus & Millichap.