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.

Industrial
Demand soars for ‘community solar’ projects on warehouses, as state program enters new phase

Landlords are expanding their participation in New Jersey’s nation-leading Community Solar Energy Program, which allows property owners to lease their rooftops to solar developers, as the state transitions from a pilot phase to a permanent model.

Government & Public Policy
Murphy signs landmark affordable housing bill, creating new framework for development

Gov. Phil Murphy has signed a landmark bill to revamp how New Jersey calculates and enforces each town’s obligations for affordable housing, setting a path for a new phase of residential development across the state under the Mount Laurel doctrine.

Residential & Mixed Use
SLIDESHOW: Atlantic Builders Convention kicks off in Atlantic City

The region’s homebuilding industry took center stage this week as the Atlantic Builders Convention kicked off with its largest crowd and largest slate of exhibitors in years, drawing thousands to the Hard Rock Hotel & Casino Atlantic City for the multiday event.

Industrial
Lee & Associates inks sale of 34-acre industrial-zoned parcel in Morris County

A developer has acquired more than 30 acres of industrial-zoned property in the Morris County township of Mine Hill, brokers with Lee & Associates New Jersey announced.

Retail
Edward Jones, T-Mobile coming to Larken’s Village at Hawk Pointe in Warren County

Larken Associates is welcoming two new retail tenants to a mixed-use property in Warren County, having secured leases with Edward Jones and T-Mobile.

Retail
Kislak brokers sale of 156,000 sq. ft. retail center in Harrisburg for $4.6 million

The longtime owner of a shopping center in Harrisburg, Pennsylvania, has sold the property for $4.6 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Hudson Capital Properties sells 288-unit North Bergen rental community, CBRE says

Hudson Capital Properties has sold a six-building, 288-unit apartment property in North Bergen, in a newly announced deal by CBRE.

Government & Public Policy
Gutierrez-Scaccetti to NAIOP: Warehouse fee would fund much-needed truck traffic planning

Business groups have lined up against Gov. Phil Murphy’s proposal to charge a fee on warehouses for each truck they receive, but a top state official said the levy is needed to address a chronic lack of traffic planning around new industrial developments.

Residential & Mixed Use
BNE launches leasing at 400 rentals in West Orange, bringing new life to ex-office property

BNE Real Estate Group has taken the wraps off more than 400 luxury apartments as part of a sprawling redevelopment project in West Orange.

Residential & Mixed Use
HVPG details newly completed, $71 million rehab of Jersey City senior housing property

Hudson Valley Property Group has completed a $71 million acquisition, preservation and renovation project at a 283-unit senior housing tower in Jersey City’s Journal Square neighborhood.