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.

Top News
Red Bulls break ground on new training complex in Morris Township

Construction is underway on the New York Red Bulls’ highly anticipated new training complex at the former Honeywell International headquarters site in Morris Township.

Residential & Mixed Use
Russo, Onyx debut 124-unit second phase of Vermella Woodbridge

Russo Development has unveiled the second piece of a new luxury rental project in Woodbridge, delivering another 124 units to the former Hess Corp. property just off Route 9.

Industrial
NAI Hanson: Truck dealership acquires Parsippany parcel, eyes new repair facility

A commercial truck dealership has acquired a property and maintenance facility in Parsippany for nearly $3.7 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Electrical maintenance business buys 2,100 sq. ft. Ewing warehouse, Fennelly says

An electrical contractor has acquired a 2,100-square-foot industrial building in Ewing, brokers with Fennelly Associates announced Tuesday.

Residential & Mixed Use
BridgeInvest, Birch Group ink $35 million acquisition loan for 147-unit Passaic rental property

A private lender has closed a nearly $35 million loan to finance The Birch Group’s acquisition of a newly opened, 147-unit multifamily property in Passaic.

People
Recine joins Accordia as principal, in development firm’s latest high-profile addition

Frank Recine, a prominent broker who spent a combined 20 years with JLL and Newmark’s New Jersey teams, has joined Fairfield-based Accordia as a principal.

Residential & Mixed Use
Newest Urby residential tower set to debut in Journal Square

The developer behind the Urby residential brand is set to unveil its latest project, a 317-unit apartment tower in Jersey City’s booming Journal Square neighborhood.

Professional Services
AKF Group — MEP engineering firm with New Jersey presence — joins WSP Global

Professional services firm WSP Global Inc. has acquired AKF Group LLC, a New York-based mechanical, electrical and plumbing firm with a significant footprint in New Jersey.

Industrial
BRC: Moving, storage company takes 54,000 sq. ft. in Millburn

A moving company has leased a nearly 54,000-square-foot industrial building in Millburn, in a newly announced deal by Bussel Realty Corp.

Retail
Salon suites business leases 8,600 sq. ft. in Pequannock, Goldstein Group says

A salon suites business has taken nearly 8,600 square feet at a Route 23 shopping center in Pequannock, brokers with The Goldstein Group announced Monday.