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
Engineering firm Hillis-Carnes opens first New Jersey office to serve growing client base

Hillis-Carnes Engineering Associates Inc. has opened its first office in New Jersey, seeking a stronger local presence in a region where it has served clients for nearly two decades.

Industrial
Devli, Deugen tap Blau & Berg as leasing team at newly acquired Newark industrial parcel

The owners of a seven-acre industrial parcel in Newark’s port district have picked The Blau & Berg Co. to spearhead its leasing campaign at the site.

Residential & Mixed Use
New 160-unit luxury rental property in Rochelle Park on the market for sale, Newmark says

Tulfra Real Estate is seeking a buyer for its newly completed, 160-unit luxury apartment building in Rochelle Park, having tapped Newmark to spearhead the sale.

Professional Services
Commercial litigation, property tax attorney Dolan joins Genova Burns

Genova Burns LLC has welcomed Thomas S. Dolan as a partner, touting his expertise in commercial litigation and property tax law.

Residential & Mixed Use
JRM Construction touts completion of 337-unit multifamily project in Jersey City

JRM Construction Management is marking the completion of a project known as Birch House, a development that has brought 337 apartments to Jersey City’s West Side.

Residential & Mixed Use
Connell debuts second location for ‘Fieldhouse,’ its in-house fitness brand in Berkeley Heights

The Connell Co. has unveiled the second location of its membership-based luxury fitness and wellness club at The Park, its flagship business and lifestyle campus in Berkeley Heights.

Residential & Mixed Use
Walters on track for November completion for new age-restricted rentals in Manahawkin

Walters is eyeing a fall delivery for a new 34-unit affordable housing project in the Manahawkin section of Stafford Township.

Professional Services
Lument doubles capital markets team with five new hires, opens East Rutherford office

Commercial real estate finance firm Lument has doubled the size of its capital markets team, announcing five new hires as well as the launch of an office in New Jersey.

Technology
A new wave of data center demand is coming to New Jersey, but supply may be tighter than ever

Demand for data center space in New Jersey is surging on the back of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.

Professional Services
NIA National Realty adds Langan as director, eyeing expansion of brokerage team

NIA National Realty has tapped longtime industry executive Joseph Langan as a director with its Paramus-based team.