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
Remembering Marc Berson, ‘a first-class gentleman’ and a giant in business, philanthropy

Tributes have poured in for Marc E. Berson, the revered philanthropist, developer and business leader who died on Saturday, leaving a legacy of service and humility despite his vast success and influence, with a lasting impact from helping to revitalize his native Newark.

Top News
Marc Berson, revered philanthropist, developer and champion for Newark, dies at 79

Marc E. Berson, one of the state’s most prominent philanthropists and commercial real estate executives, who was a key figure in working to revitalize his native Newark, has died.

Office
Footwear, apparel maker SG Cos. takes 14,000 sq. ft. in Rochelle Park, JLL says

A multinational footwear and apparel company has signed a long-term lease for some 14,000 square feet at a Rochelle Park office building, in a newly announced deal by JLL.

Professional Services
Salzer, veteran real estate attorney, joins A.Y. Strauss in Livingston

A.Y. Strauss has added a veteran commercial real estate attorney to its Livingston-based team.

Health Care & Education
Dental practice takes 2,400 sq. ft. at Renaissance Properties’ mixed-use project in Chesterfield

A dental practice has found a new home in Chesterfield after signing a lease with Renaissance Properties, the developer of the 500-acre mixed-use property known as Old York Village.

Residential & Mixed Use
Developer buys Gold Coast multifamily tract as part of ongoing NRIA liquidation, CBRE says

Another multifamily development site in Hudson County has changed hands in connection with the bankruptcy of a Secaucus-based real estate firm, brokers with CBRE said Thursday.

Residential & Mixed Use
Procida completes first of eight final buildings at long-stalled Cherry Hill housing project

A team led by investor Billy Procida has completed the first of eight buildings that will help complete a long-delayed, 507-unit multifamily project in Cherry Hill.

Professional Services
Studio 1200’s Dougherty to receive AIA-NJ’s Architect of the Year award

AIA New Jersey has bestowed its 2023 Architect of the Year award on Nancy Dougherty, a managing principal of Millburn-based Studio 1200.

Industrial
Faropoint secures investment from Invesco Real Estate, eyeing continued growth

Faropoint, the fast-growing investment firm focused on last-mile industrial properties, has sold a minority stake in its business to Invesco Real Estate.

Residential & Mixed Use
Developer unveils 155-unit Newark rental project with affordable housing, space for artists

TAY Investments has opened a new 155-unit apartment building in Newark that will serve as a showcase for local artists and an infusion of housing near the Springfield Avenue corridor.