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.

Industrial
BRC: Industrial maintenance, supply firm buys 3,100 sq. ft. building in Edison

An industrial maintenance and supply business has acquired a nearly 3,100-square-foot commercial building in Edison, according to a brokerage team with Bussel Realty Corp.

Residential & Mixed Use
Builder set to mark construction milestone for 196-unit rental project in Journal Square

The construction team for nearly 200 new upscale apartments in Jersey City is eyeing a spring 2025 delivery as it prepares to mark a key milestone for the project.

Office
Health care startup Noom moves headquarters to downtown Princeton

Digital health company Noom Inc. has relocated its headquarters to downtown Princeton while also unveiling a new office space in Midtown Manhattan.

Office
CPN completes 22,000 sq. ft. in transactions in Pennington, Princeton area

Commercial Property Network Inc. has announced a flurry of new commercial leases and renewals and a property sale in suburban Mercer County.

Government & Public Policy
State awards program honors Walters senior affordable housing project in Branchburg

The state has recognized Walters for one of the development firm’s newest projects — a 150-unit age- and income- restricted property in the Somerset County borough of Branchburg.

Top News
Profeta named to NJIT board of trustees

State officials have appointed Paul V. Profeta, the founder of Paul V. Profeta & Associates and publisher of Real Estate NJ, to New Jersey Institute of Technology’s board of trustees.

Industrial
Terreno, 3PL firm sign 75,000 sq. ft. industrial lease in Elizabeth

Terreno Realty Corp. has landed a new tenant for a nearly 75,000-square-foot industrial space in Elizabeth, in a deal arranged by The Blau & Berg Co. and JLL.

Finance & Capital Markets
Owner of Hoboken retail property secures new financing, Cronheim says

A major property owner in the region has snagged financing for a two-tenant retail building in downtown Hoboken, in a deal arranged by Cronheim Mortgage.

Industrial
New supply still outpacing demand for New Jersey industrial space, NAI Hanson says

The northern New Jersey industrial market saw another quarter of rising vacancy despite strong demand, as new construction deliveries continued to outrun leasing volume.

Residential & Mixed Use
Prism eyes multifamily development at 33-acre former office campus in Woodland Park

Prism Capital Partners has acquired a 33-acre former corporate campus in Woodland Park with zoning in place to build up to 400 residential units, in a deal arranged by JLL.