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

Newmark Associates adds Sica as vice president

Longtime commercial real estate broker John Sica has joined Newmark Associates as a vice president, the Morris County-based firm announced Monday.

Community

NAIDB gives back with annual Friendsgiving, donations to Elijah’s Promise in New Brunswick

NAI DiLeo-Bram & Co. has continued its long history of community outreach with several initiatives this season, including its support of a well-known nonprofit in New Brunswick.

Industrial

BRC touts flurry of out-of-state deals on behalf of New Jersey industrial clients

A cabinetry firm based in New Jersey has acquired a more than 89,000-square-foot industrial building in Las Vegas, in one of several new out-of-state deals by Bussel Realty Corp.

Trump picks longtime construction, project executive Walsh as ambassador to Ireland

President-elect Donald Trump has named Ed Walsh, a veteran construction executive and well-known figure in New Jersey commercial real estate, as the next U.S. ambassador to Ireland.

Industrial

PREMIER completes Brookfield warehouse in South Plainfield, breaks ground in Union

Brookfield Properties is expanding its holdings in New Jersey’s industrial market with a newly delivered project and another now underway, both by PREMIER Design + Build Group.

Retail

KPR acquires 227,000 sq. ft., Acme-anchored center in Voorhees for $42 million

New York-based KPR Centers has acquired a grocery-anchored retail property in Voorhees for $41.7 million, the firm announced Friday.

Finance & Capital Markets

Developers land $250 million in financing for 132-unit Long Branch condo project

A development team has secured more than $250 million in financing for a plan to bring 132 lavish condominiums to the Atlantic Ocean shoreline in Long Branch.

Retail

Bell Works to welcome indoor pickleball venue alongside growing retail, service roster

An indoor pickleball venue is coming to the sprawling Bell Works campus in Holmdel, joining several other new additions to the property’s fast-growing tenant mix.

Health Care

North Jersey Physical Therapy takes 1,800 sq. ft. near Morristown, Sheldon Gross says

A physical therapy practice has leased nearly 1,800 square feet at a medical office building outside Morristown, in a transaction arranged by Sheldon Gross Realty.

Technology

NJIT to open 25,000 sq. ft. translational research center at NEST campus in Kenilworth

New Jersey Institute of Technology is planting a flag at the Northeast Science and Technology Center in Kenilworth, with plans to open a new research hub at the fast-growing campus.