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
Solaia in North Bergen hits 60 percent sold after six luxury condo sales in one week

Luxury condo tower Solaia is now more than 60 percent sold after a recent flurry of activity at the North Bergen property.

Professional Services
HITT, top 20 U.S. general contractor, promotes Grebenstein to leader of New York region

Construction firm HITT has tapped Andre Grebenstein to lead its team that covers New York, New Jersey and Connecticut.

Retail
Monmouth Cards, Bergen Debate Club combine for 3,200 sq. ft. at Livingston Town Center

The mixed-use Livingston Town Center property is welcoming two new tenants after a pair of leases arranged by Azarian Realty Co.

Technology
Data center vacancy for tristate region hits all-time low, CBRE report finds

Soaring demand for data center space has pushed vacancy in the region to an all-time low in recent months, thanks in part to the growth of firms tied to artificial intelligence.

Residential & Mixed Use
Plainfield development site slated for 71 rental units trades for $2.6 million

A developer has acquired a site in Plainfield with approvals in place for more than 70 apartments, in a deal arranged by Berkadia’s Morristown office.

Government & Public Policy
NJ Transit: Ground lease with LCOR ‘sets the stage’ for Hoboken Connect groundbreaking

The long-awaited Hoboken Connect project took a key step forward on Tuesday with the approval of a ground lease between NJ Transit and LCOR, the developer for what’s slated to include new apartment and office towers and upgrades to the city’s historic transit terminal.

Professional Services
Dresdner Robin unveils new resiliency planning, geospatial analysis and mapping services

Dresdner Robin is expanding its services to developers and property owners with the addition of resiliency planning and geospatial analysis and mapping.

Residential & Mixed Use
Jersey City’s Bayfront project awarded $1.6 million federal grant

Jersey City has snagged a $1.6 million federal grant for the highly touted Bayfront project, where plans call for hundreds of homes for low- and moderate-income renters as part of a sweeping redevelopment of 100 acres along the Hackensack River.

Industrial
Woodmont, Butters ink three leases at 76,000 sq. ft. warehouse in Palm Beach County

Woodmont Industrial Partners and Butters Construction & Development have leased up nearly 76,000 square feet of new industrial space in Florida’s Palm Beach County.

Industrial
Weiss Realty: Buyer wanted for 30,000 sq. ft. industrial, retail building in Lodi

The owner of more than 30,000 square feet of commercial space in Lodi has appointed Weiss Realty as its broker, seeking a buyer for the 1.76-acre property.