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.

Government & Public Policy
Developer of 1.5 million sq. ft. Bayonne studio complex secures $400 million Aspire award

The state has approved a 10-year, $400 million tax credit award in connection with plans to build a 1.5 million-square-foot film and television studio complex on the Bayonne waterfront.

Professional Services
Garlick, Lyons join MSW to expand firm’s real estate development, construction law teams

Murphy Schiller & Wilkes LLP has further bolstered its team of real estate attorneys with the addition of Thomas S. Garlick as counsel and Robert M. Lyons as an associate.

Office
Iron Ore, investors buy well-known 101,000 sq. ft. office building in West Orange

A group led by Iron Ore Properties LLC has purchased a 101,000-square-foot office building in West Orange, marking the first sale of the asset in more than 50 years.

Residential & Mixed Use
Kaplan builds on 60-year legacy in Sayreville with new 176-unit rental project

Kaplan Cos. has opened the doors to a new 176-unit rental property in Sayreville, its latest project during six decades of development in the borough.

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.