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
New 38-unit rental building in Journal Square fetches $13.7 million, Matthews says

An investor has acquired a newly completed, 38-unit apartment building in Jersey City’s Journal Square section, in a deal arranged by Matthews Real Estate Investment Services.

Professional Services
Lee & Associates New Jersey rebrands with key WBENC certification, highlighting female leadership

Lee & Associates New Jersey is now Lee & Associates – WBE LLC, having officially achieved its certification as a Woman-owned Business Enterprise.

Office
Music academy inks 7,000 sq. ft. renewal at West Windsor office building, Fennelly says

A music school that occupies more than 7,000 square feet of office space in West Windsor has renewed its lease, in a newly announced deal by Fennelly Associates.

Residential & Mixed Use
LeFrak seeking approvals for new high-rise at Newport’s northern end, its tallest yet in iconic Jersey City neighborhood

LeFrak is offering a new look at a proposed 529-unit luxury apartment tower in Jersey City, in a project that would be the tallest and northernmost building in its iconic Newport district along the Hudson River.

Events
NAIOP unveils Deal of the Year finalists for industrial, winners for office and mixed-use

NAIOP New Jersey has announced its Deal of the Year winners in the office and mixed-use categories as well as three finalists for the industrial sector, with plans to highlight the honorees at its 37th annual Commercial Real Estate Awards Gala in mid-May.

Hospitality & Tourism
SpringHill Suites by Marriott property changes hands in Voorhees, JLL says

A private operator has sold a SpringHill Suites by Marriott property in suburban Camden County, according to a brokerage team with JLL.

Office
NAI Hanson inks sale of 8,000 sq. ft. Succasunna office building

An investor has acquired a fully leased, 8,000-square-foot office building in the Succasunna section of Roxbury, in a newly announced deal by NAI James E. Hanson.

Residential & Mixed Use
Going greener: From rainwater recycling to composting, apartment builders see a new frontier in sustainability

For some apartment developers, LED lighting and electric vehicle chargers just won’t do when it comes to sustainability. A handful of new rental projects in New Jersey are making that clear with more cutting-edge, eco-conscious features such as oversized green spaces, rainwater recycling and even an on-site composting system.

Residential & Mixed Use
Kislak tapped to sell 22-building, 645-unit rental portfolio in East Orange, Irvington

A portfolio of nearly 650 apartments across 22 buildings in Essex County is on the market for sale, in a newly announced offering by The Kislak Co. Inc.

Residential & Mixed Use
Developer sells 19-unit Wood-Ridge apartment building after 47 years, Hudson Atlantic says

The developer of a 19-unit apartment building in Wood-Ridge has sold the property after more than 45 years, brokers with Hudson Atlantic Realty announced.