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.

C&W tapped to sell 41,000 sq. ft. industrial building in South Plainfield

The owner of a 41,000-square-foot industrial building in South Plainfield is seeking a buyer for the property, brokers with Cushman & Wakefield announced, touting its value-add potential in a burgeoning submarket along Interstate 287.

LMC named management agent at Somerset County shopping center

Levin Management Corp. has added to its leasing and management portfolio in New Jersey, taking over a 67,500-square-foot retail property in the Franklin Park section of Franklin.

Phillipsburg retail property fetches $4.7 million, Marcus says

A partnership has sold a nearly 20,000-square-foot retail property in Phillipsburg, in a $4.72 million transaction arranged by Marcus & Millichap.

Mack-Cali closes sale of 333,000 sq. ft. Parsippany office building, C&W says

A real estate investment firm has added to its New Jersey portfolio, acquiring a 333,000-square-foot office building in Parsippany from Mack-Cali Realty Corp.

Marcus inks sale of Hoboken, Union City apartments

Two Hudson County apartment properties have changed hands for a combined $5.86 million, under a set of newly announced transactions by Marcus & Millichap.

CBRE named leasing agent at 250,000 sq. ft. office building in Woodcliff Lake

The owner of a newly renovated, 250,000-square-foot office building in Woodcliff Lake has appointed CBRE as its leasing agent, the real estate services firm announced Monday.

Hoboken: NKF wins leasing assignment at 120,000 sq. ft. office building

With upgrades underway at a 120,000-square-foot office building in Hoboken, the property’s owner has tapped Newmark Knight Frank as its new leasing agent.

Progress inks $130 million mortgage for Manhattan cancer center project

The developers of a new Memorial Sloan Kettering facility in Manhattan have landed $130 million in financing, under a newly announced transaction by Progress Capital.

Next generation joins veteran leaders at G.S. Wilcox & Co., as firm marks 25 years in business

As it marks its 25th anniversary, G.S. Wilcox & Co. is celebrating not only record business, but the arrival of a new generation that is poised to lead the firm for decades to come.

CBRE: Retailers turning to in-store fulfillment, extra staffing amid holiday crush

This year’s shortened holiday shopping season has placed added pressure on retailers and their shipping partners, prompting new in-store solutions for delivery and returns and the need to hire additional seasonal workers for distribution and fulfillment.