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
Veteran engineer Perry joins VHB as New Jersey managing director

Professional services firm VHB has hired Brian Perry as its new managing director for New Jersey, touting his more than two decades of experience in engineering consulting and design.

Office
C&W: Five tenants combine for 60,000 sq. ft. in new leases at Princeton-area office campus

A health care technology firm has signed a 26,000-square-foot sublease at a Plainsboro office campus, in one of five newly announced deals by Cushman & Wakefield.

Health Care & Education
Advocare leases 2,700 sq. ft. in Ocean County, WCRE says

A regional health care practice has taken more than 2,700 square feet of medical office space in Ocean County, in a newly announced deal by Wolf Commercial Real Estate.

Residential & Mixed Use
Russo welcomes Newark city officials to Vermella Broad Street, a ‘transformative, transit-oriented development’ seven years in the making

Russo Development marked the opening of nearly 300 new apartments at the north end of downtown Newark, having already leased 70 percent of a project that has brought life to a long-vacant site near NJ Transit’s Newark Broad Street station.

Top News
Profeta Center graduates second class of minority entrepreneurs

The Profeta Center for Innovation and Entrepreneurship at New Jersey Institute of Technology has graduated its second class of minority entrepreneurs, paving the way for the launch of more than two dozen businesses led by Newark-area residents.

Industrial
Trammell Crow Co. taps Fraser to lead industrial development in NYC metro

Trammell Crow Co. has hired Jessica Fraser as a senior vice president tasked with leading its industrial development throughout the New York City metro region.

Industrial
Blau & Berg: Auto exporter leases 5.5-acre industrial outdoor storage parcel in Newark

A global auto exporter has leased an industrial outdoor storage parcel in the heart of Newark’s port district, in a transaction arranged by The Blau & Berg Co.

Retail
Boot Barn leases 20,000 sq. ft. in Paramus for first Bergen County location, Welco says

Western apparel chain Boot Barn has taken 20,000 square feet along Route 17 in Paramus, in a newly announced deal by Welco Realty Inc.

Retail
Sheldon Gross: Weight loss spa Bodenvy takes 2,400 sq. ft. in Summit

A weight loss spa has found its first New Jersey location after leasing 2,400 square feet in downtown Summit, brokers with Sheldon Gross Realty announced last week.

Event Coverage
Brighter days ahead: Panelists bullish on Jersey City office market amid historic Bank of America lease, continued residential boom

If there were ever a time for optimism — specifically for Jersey City’s embattled office market — it may as well come after a blockbuster 548,000-square-foot lease. That bullishness was evident Wednesday at the annual Jersey City Summit, where panelists were largely upbeat and confident that the submarket was due for a major uptick after several challenges in recent years.