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.

Professional Services
Alban Construction promotes Shaw to senior project manager

Alban Construction LLC has elevated Tim Shaw to senior project manager, the Newark-based firm announced.

Professional Services
Veteran health care real estate broker Kretowicz joins WCRE as executive vice president

Wolf Commercial Real Estate has bolstered its presence in health care with the addition of veteran broker and industry specialist Kim Kretowicz.

Government & Public Policy
Bill to create new affordable housing framework clears state Senate, heads to Murphy’s desk

The next chapter of affordable housing in New Jersey is now in Gov. Phil Murphy’s hands, following the state Senate’s passage of a bill to revamp how officials calculate and enforce each town’s obligations under the landmark Mount Laurel doctrine.

Professional Services
MSW adds Capasso, Forrest as construction law and litigation group co-chairs

Murphy Schiller & Wilkes LLP has named two new partners in key roles, adding Anthony D. Capasso and R. Brant Forrest as co-chairs of its construction law and litigation practice groups.

Government & Public Policy
Policy playbook: NJBA aims to tackle construction, housing costs on multiple fronts in Trenton

Developers are cautiously optimistic about new legislation to streamline affordable housing production in New Jersey, but it’s far from their only public policy objective in 2024.

Residential & Mixed Use
Tishman Speyer acquires land beneath planned two-tower, 1,941-unit rental project

Tishman Speyer has completed its acquisition of parcels in Jersey City that are slated to become two mixed-use towers with nearly 2,000 new luxury apartments.

Retail
Swim school takes 9,000 sq. ft. at North Bergen shopping center, GRID says

Aqua-Tots Swim Schools is expanding in New Jersey after leasing more than 9,000 square feet at a North Bergen shopping center, in a newly announced deal by GRID Real Estate.

Events
Show time: Atlantic Builders Convention set to begin with new venue, new energy as housing industry eyes tailwinds in 2024

The Atlantic Builders Convention will kick off this week at a new venue for the first time in five years, bringing a crowd of thousands to the Hard Rock Hotel & Casino Atlantic City. That comes with new excitement, but organizers say the buzz is about more than just a change of scenery. They also point to growing membership, growing engagement and a more diverse slate of exhibitors, along with signs of progress on key public policy initiatives to streamline new construction and improve housing affordability in New Jersey.

Industrial
RLS Logistics to quadruple size of Delanco cold storage facility

Cold storage and logistics solutions firm RLS Logistics is growing its footprint in a major way with a planned 135,000-square-foot expansion in Burlington County.

Industrial
Holland Marble takes 3,700 sq. ft. at Freehold industrial park, Sheldon Gross says

A kitchen and bathroom countertop company has leased nearly 3,700 square feet of industrial space in Freehold, brokers with Sheldon Gross Realty announced last week.