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.

Current Issue
Owners Council Q&A: Mark Shearer

Tenant activity for industrial has increased over the past few months and is closer to historic norms. We are seeing increased activity in the capital markets.

Government & Public Policy
EDA approves $17.7 million Aspire award for Camden affordable housing, health center project

A development group has secured a nearly $18 million state tax credit award for a plan to build 30 units of affordable housing and a new health center in Camden’s Parkside neighborhood.

Industrial
Doughnut manufacturer eyes major expansion, leases 125,000 sq. ft. in Rockaway

A doughnut manufacturer is set to expand after leasing nearly 125,000 square feet for a new facility in Rockaway, according to a brokerage team with Savills.

Education
Rutgers Center for Real Estate gathers students, industry leaders for annual scholarship dinner

Dozens of aspiring commercial real estate professionals came together earlier this month as the Rutgers Center for Real Estate hosted its fifth annual scholarship celebration, joining a group of seasoned industry leaders and others who are supporting their education.

Office
Edison office condo trades for $450,000, BRC says

A physician has sold a nearly 1,900-square-foot office condominium in Edison for $450,000, in a newly announced deal by Bussel Realty Corp.

Retail
Valley Bank opens new Norwood branch after deal brokered by The Goldstein Group, JLL

Valley Bank has opened the doors to a new 2,800-square-foot branch location in northern Bergen County, having leased the space earlier this year.

Current Issue
Owners Council Q&A: Jack Morris

I’ll always be bullish on New Jersey. As with any market, we may need to endure some ups and downs, but our state’s fundamentals give us a high floor and a very high ceiling. Qualities like access to New York City, a highly trained workforce, great medical facilities and care, an array of recreational assets and municipalities that are attractive to families give New Jersey long-term appeal. Also, citizens value safety and security, and I want to give kudos to the incredible law enforcement professionals who serve our communities in New Jersey each and every day.

Retail
Party City going out of business, plans to shutter 700 stores nationwide

Party City is set to close its roughly 700 stores nationwide, including two dozen in its home state of New Jersey, as the struggling retailer prepares to go out of business.

Industrial
Denholtz inks 32,000 sq. ft. lease for first deal at new Texas industrial campus

Denholtz Properties has snagged its first tenant at more than 213,000 square feet of newly built logistics space in Texas, leasing nearly 32,000 square feet to OTC Industrial Technologies.

Industrial
New 1.1 million sq. ft. Sayreville logistics park getting 10.5-megawatt solar project

Rooftop solar panels are coming to a newly built, 1.1 million-square-foot logistics park in Sayreville under an agreement between its developer and a renewable energy firm.