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.

Office
NAIDB lists five-property, mixed-use portfolio in North Brunswick for sale

The owner of more than 7,000 square feet across five properties in North Brunswick is looking to sell the portfolio, tapping NAI DiLeo-Bram & Co. to lead the offering.

Deals
Automotive equipment firm buys 11,000 sq. ft. Middlesex facility, Boniakowski says

A supplier of automotive lift equipment has acquired an 11,000-square-foot building in Middlesex Borough, in a deal arranged by The Boniakowski Commercial Real Estate Group.

Editor’s Note
Right place, right time

As you’ll read in this month’s cover story, Asia-based third-party logistics firms have been critical for many Garden State landlords, creating new demand and helping to fill excess inventory after the recent development surge. A spike in 2024 — when the offshore firms accounted for some 42 percent of all Class A industrial leasing in the state — has given way to a more modest pace in 2025. Yet developers expect Asian 3PLs to continue to loom large going forward, even with the cloud of a trade war between the U.S. and China.

Residential & Mixed Use
JLL: Owner of Newark’s Eleven80 looks to sell landmark 316-unit apartment tower

Eleven80, the luxury apartment tower once seen as a pioneer for market-rate housing in downtown Newark, is on the market for sale.

Office
Premium fitness company Technogym unveils new U.S. office in Jersey City (SLIDESHOW)

Technogym, a maker of high-end sport and fitness equipment, has opened its new U.S. headquarters in Jersey City following a lease arranged last year by Cushman & Wakefield.

Residential & Mixed Use
NJCC provides $8.6 million in predevelopment funding for Bayfront project in Jersey City

New Jersey Community Capital is taking a stake in the acclaimed Bayfront project in Jersey City, making an $8.6 million preferred equity investment in the West Side redevelopment.

Professional Services
Land use, cannabis attorney Wells among newest partners at Archer

Archer has elevated land use and cannabis attorney Richard Wells to partner as part of its latest round of promotions.

Industrial
STRO, KRE add 134,000 sq. ft. in Florida with two latest industrial deals in Tampa

The STRO Cos. and KRE Group have added to their Southeast industrial portfolio with two recent acquisitions in the Tampa submarket.

Finance & Capital Markets
Namdar snags $358 million construction loan for 1,126 new units in Journal Square, report says

Namdar Group is set to break ground on a combined 1,126 new apartments in Jersey City after reportedly securing $358 million in construction financing.

Residential & Mixed Use
A new solution: Supportive housing advocates, developers hope state law will spark major expansion of special needs units

There’s not enough supportive housing in New Jersey, according to advocates and industry experts, and they hope incentives in the state’s revamped affordable housing rules will help expand the market.