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
Business group to add 59 new trees at Exchange Place, in city’s largest planting of 2023

Dozens of new trees are coming to Jersey City’s Exchange Place district as the latest step in the overhaul of the downtown business and transportation hub.

Retail
Urban Edge inks 2,300 sq. ft. lease to bring Dave’s Hot Chicken to Kearny

Dave’s Hot Chicken has picked Kearny for its second New Jersey location after agreeing to a lease with Urban Edge Properties.

Retail
JLL: Investor seeking buyer for repositioned 378,000 sq. ft. power center in Morris County

A major retail center in Morris County is on the market for sale after last changing hands in 2021 and a series of upgrades aimed at repositioning the property, brokers with JLL said.

Professional Services
GZA hires Bavendam as project manager, transportation lead in New York and New Jersey

GZA GeoEnvironmental Inc. has named a new project manager and leader for its growing transportation planning practice in New York and New Jersey.

Residential & Mixed Use
Advance debuts 20,000 sq. ft. of indoor amenities at new 399-unit Harrison rental project

Advance Realty Investors has unveiled more than 20,000 square feet of indoor amenity space at The Wyldes, its newest luxury apartment building in Harrison’s Riverbend District.

Residential & Mixed Use
Cervelli: Leasing launches at new boutique Jersey City apartment building

Leasing is underway at a new 18-unit apartment building in Jersey City’s burgeoning McGinley Square section, where a developer is offering both loft-style and modern luxury rentals.

Retail
Just Salad expands in New Jersey with 2,300 sq. ft. lease in Paramus, Goldstein Group says

Fast casual chain Just Salad has found a new location on Route 17 after taking more than 2,300 square feet in Paramus, brokers with The Goldstein Group announced Monday.

Community
Mc Gowan Builders CEO gifts $25,000 to Meadowlands Y, prepares to conclude board service

Mc Gowan Builders CEO Patrick Mc Gowan has made another sizable gift to the Meadowlands Area YMCA, donating $25,000 to the organization as he prepares to step down from its board.

Top News
Remembering Jim Garibaldi, longtime CEO of fourth-generation brokerage firm

James J. Garibaldi, a prominent commercial real estate broker in New Jersey who spent 23 years as CEO of The Garibaldi Group in Chatham, has died at age 72.

Finance & Capital Markets
Ridgecut, Marcus Partners ink $9 million refi for South Plainfield industrial parcel, C&W says

A joint venture has secured nearly $9 million in financing for an industrial outdoor storage property in South Plainfield, in a deal arranged by Cushman & Wakefield.