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.

NAIOP NJ’s New Year’s resolution: Let’s get the next Energy Master Plan right

Overhauling the Energy Master Plan is an opportunity for impacted stakeholders, like you, to help improve what is currently an unrealistic policy document that has done little to accelerate achieving its lofty goals. Perhaps most striking about the current EMP is it lacks an unbiased estimate of what it’ll cost ratepayers, including commercial real estate owners and tenants. Gov. Phil Murphy acknowledged this glaring omission when he announced the 2024 EMP will “seek to better capture economic costs and benefits, as well as ratepayer impacts.”

Greenbaum real estate, environmental attorneys among firm’s newest promotions

Greenbaum, Rowe, Smith & Davis LLP has elevated five attorneys on its real estate and environmental teams as part of a flurry of promotions to start the year.

LMC starts 2024 with new management clients, capping 2 million sq. ft. of recent growth

Levin Management Corp. has secured two new clients to start the year, having been tapped to manage nearly 584,000 square feet of commercial space in New Jersey and Pennsylvania.

Launch Entertainment takes 32,000 sq. ft. at Little Ferry retail center, CBRE says

An indoor family entertainment chain has leased nearly 32,000 square feet at a grocery-anchored shopping center in Little Ferry, according to a brokerage team with CBRE.

Larken signs 19,000 sq. ft. lease with credit union at Branchburg spec office building

Larken Associates has signed a 19,000-square-foot lease in Branchburg to fill a newly completed speculative office project on Route 22.

Signature caps 2023 with 67,000 sq. ft. in office leases

Signature Acquisitions has leased more than 17,000 square feet in Cranford to a key state agency, in the largest of several fourth-quarter deals announced by the firm.

Kennedy Funding inks $7.5 million land loan for Florida townhome project

Kennedy Funding has closed a $7.5 million land loan for a waterfront property in the Florida Panhandle town of Santa Rosa Beach.

BRC inks sale of 5,600 sq. ft. Scotch Plains industrial building for $1.3 million

The site of a 5,600-square-foot industrial building in Scotch Plains has changed hands for the second time in a year, in a deal arranged by Bussel Realty Corp.

Weiss unveils plan for 407-unit apartment tower in New Brunswick after securing approval

Weiss Properties has secured local approvals for a 407-unit luxury apartment tower in downtown New Brunswick, in a key step for what would be the city’s largest residential project to date.

Vision sells standalone Acme property in Saddle Brook for $16 million, JLL says

Vision Real Estate Partners has sold a nearly 63,000-square-foot grocery store property in Saddle Brook for $16.1 million, brokers with JLL announced Tuesday.