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.

Mack-Cali still focused on selling suburban portfolio, leasing waterfront, acting CEO says

Mack-Cali Realty Corp. will largely stay the course for now, its interim CEO said this week, with a continued focus on selling its suburban office buildings and stabilizing its waterfront portfolio as it searches for a permanent chief executive.

JLL: Fragrance, flavor supplier extends 21,000 sq. ft. lease in Saddle Brook

A global supplier of fragrances, flavors and other products has extended its lease at a Saddle Brook office building, where it occupies more than 21,000 square feet.

Lidl opens 28,000 sq. ft. grocery store in North Brunswick, LMC says

German discount grocery chain Lidl has added to its footprint in New Jersey with the debut of a new 28,000-square-foot store in North Brunswick.

CBRE inks leases with exporter, law firm at Florham Park office building

An exporter and a law firm have combined to lease more than 6,000 square feet at a Florham Park office building, in a set of newly announced transactions by CBRE.

Relaxed deadlines could bring new attention, momentum to Opportunity Zone projects

The COVID-19 pandemic has threatened to stall many development projects nationwide, including those under the federal Opportunity Zone program, but experts say those investments could gain new momentum after a series of recent steps by regulators.

North Bergen condo project tops out, eyes Q1 delivery

A condominium building under construction in North Bergen is on track to open early next year after marking the completion of vertical construction.

Apartments at landmark Newark tower top 90 percent leased milestone

A collection of more than 200 apartments inside a newly restored, 21-story building in downtown Newark is on the verge of being fully leased.

New York investment firm adds Sparta self-storage complex

An investment firm has purchased a 58,000-square-foot self-storage facility in Sparta, marking its second recent acquisition in New Jersey.

Premier announces two promotions in New Jersey office

Premier Design + Build Group has promoted two construction professionals in its New Jersey-based regional office.

DMR touts start of addition, renovation at county courthouse in Freehold

Construction is underway on a renovation and addition to the Monmouth County Courthouse in Freehold, in a project designed by DMR Architects.