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.

Residential & Mixed Use
Developer breaks ground on 282-unit condo project in Weehawken’s Port Imperial section

Construction is underway on what will be 282 luxury condominiums in Weehawken, in a rare new addition to the iconic Port Imperial district along the Hudson River.

Government & Public Policy
Judge tosses lawsuit challenging Scotch Plains’ downtown redevelopment plan

A state Superior Court judge has dismissed a lawsuit by professional services firm PS&S that sought to void a redevelopment plan adopted by Scotch Plains, following the town’s decision in 2021 to change developers for a key piece of its downtown.

Industrial
Denville flex industrial building trades for $2.5 million, C&W says

The longtime owner of a roughly 14,000-square-foot flex industrial building in Denville has sold the property, in a newly announced deal by Cushman & Wakefield.

Office
Sanzari signs 5,300 sq. ft. renewal in Teaneck with Maschler family office

A family office has signed a nearly 5,300-square-foot lease renewal at Alfred Sanzari Enterprises’ Glenpointe campus in Teaneck, the landlord announced Wednesday.

Residential & Mixed Use
Reynolds, Slabotsky family office acquire Louisiana apartment complex

Reynolds Asset Management has made another acquisition outside New Jersey, adding a 185-unit apartment complex in Shreveport, Louisiana, in a recent $9.5 million deal.

Retail
Sheldon Gross: Stone fabricator, installer inks 850 sq. ft. renewal in Morristown

A stone fabricator and installer has signed an 850-square-foot lease renewal for its storefront in downtown Morristown, in a deal arranged by Sheldon Gross Realty.

Industrial
Woodmont, Brookfield detail start of 450,000 sq. ft. industrial project in Warren County

Woodmont Industrial Partners and Brookfield Properties have broken ground on a new 450,000-square-foot warehouse facility in Warren County, the firms announced Tuesday.

Residential & Mixed Use
JLL: Buyer (or partner) wanted for 309-unit luxury apartment building in Jersey City

The owner of a four-year-old, 309-unit apartment building in Jersey City is looking to sell or recapitalize the property, according to a brokerage team with JLL.

Residential & Mixed Use
Three-building, 26-unit apartment portfolio in Irvington fetches $3.3 million, Marcus says

A private investment firm has sold a three-building, 26-unit apartment portfolio in Irvington for nearly $3.3 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Urban Edge brings Atlantic Health to Manalapan retail center with 18,000 sq. ft. deal

Urban Edge Properties has signed two new deals with Atlantic Health System, including a lease for an 18,000-square-foot facility at a large shopping center in Manalapan.