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
Sanzari taps NAI Hanson as leasing agent for 335,000 sq. ft. Court Plaza in Hackensack

Alfred Sanzari Enterprises has named NAI James E. Hanson as the leasing agent for its three-building, 335,000-square-foot Court Plaza office complex in downtown Hackensack.

Retail
Van Leeuwen Ice Cream takes 1,500 sq. ft. in Jersey City for second New Jersey shop

Van Leeuwen Ice Cream will open its second brick-and-mortar location in New Jersey after leasing nearly 1,500 square feet in Jersey City, brokers involved with the deal announced.

Office
GTL Construction unveils lobby renovations at New Brunswick office building

GTL Construction has announced the completion of an 8,400-square-foot lobby renovation in downtown New Brunswick.

Government & Public Policy
EDA adopts changes to Aspire tax credit program amid higher development costs, increased need for affordable housing

The state has approved several key changes to Aspire, the tax credit program for developers, as it looks to expand eligibility and ensure its continued role in affordable housing production.

Government & Public Policy
State to invest $20 million, partner in development of Jersey City science and tech hub

The state will invest up to $20 million and partner in a planned 120,000-square-foot facility in Jersey City that will serve as a hub for life sciences, health care and technology adjacent to the acclaimed Liberty Science Center, officials said Thursday.

Community
NJIT honors Profeta, real estate investor and RENJ publisher, for years of philanthropy

The New Jersey Institute of Technology has honored Paul V. Profeta, a longtime real estate investor and publisher of Real Estate NJ, with its Special Friend to the University award as part of its annual celebration and fundraising gala.

Industrial
Seagis acquires vacant 30,000 sq. ft. warehouse in Carlstadt

Seagis Property Group has acquired more than 30,000 square feet of warehouse space in Carlstadt that it now plans to upgrade and market for lease, the firm announced.

Retail
Deals by ShopRite Liquors, dentist among new RIPCO-brokered leases in Lodi

ShopRite Liquors has leased 5,000 square feet in downtown Lodi, in one of three newly announced deals in the borough by RIPCO Real Estate.

Residential & Mixed Use
CBRE: First piece of NRIA portfolio trades as Hoboken development site fetches $8.5 million

A private investor has acquired a multifamily development site in Hoboken, marking the first trade involving the portfolio of the disgraced firm National Realty Investment Advisors LLC.

Industrial
Endurance, PCCP sell 342,000 sq. ft. light industrial portfolio in Burlington, Gloucester counties

A joint venture has sold more than 340,000 square feet of industrial space in Delran and Swedesboro after having acquired the buildings at the start of the COVID-19 crisis.