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.

Residential & Mixed Use
AvalonBay unveils 221-unit luxury rental property, its second in Princeton

AvalonBay Communities Inc. has completed its new 221-unit multifamily project in Princeton, where it has redeveloped the site of two outdated, obsolete office buildings near Route 206.

Residential & Mixed Use
Family office sells 41-unit Jersey City apartment building for $8 million, CBRE says

A private investment group has purchased a 41-unit apartment building in Jersey City for more than $8 million, according to a brokerage team with CBRE.

Office
Sanzari, Matthews sign lease in Teaneck for real estate services firm’s New Jersey office

Alfred Sanzari Enterprises has secured another tenant for its Glenpointe campus in Teaneck, having leased nearly 3,000 square feet to Matthews Real Estate Investment Services Inc.

Retail
Larken Associates leases 3,000 sq. ft. in Lopatcong to martial arts studio

Larken Associates has brought a martial arts studio to a Warren County retail property after completing a lease for nearly 3,000 square feet.

Residential & Mixed Use
Related plans 750 rentals in Jersey City after $58 million land deal with Veris

Veris Residential Inc. has completed its sale of a Jersey City development site to Related Cos., whose plans for the parcel call for 800 apartments one block from the Hudson waterfront.

Residential & Mixed Use
Bijou sells 69-unit Hoboken luxury rental property in trade, financing deal arranged by JLL

Bijou Properties has sold a two-building, 69-unit luxury apartment portfolio in northern Hoboken, in a newly announced deal by JLL.

Government & Public Policy
Fort Monmouth master plan update, key step for Netflix campus, submitted for public comment

The state has taken a key procedural step in the plan to bring a massive Netflix studio campus to the Eatontown and Oceanport sections of the iconic Fort Monmouth property.

Retail
Urban Edge brings anti-aging, wellness concept Relive Health to East Rutherford with new lease

An anti-aging and wellness clinic has picked East Rutherford for its first Northeast location after signing a nearly 3,600-square-foot lease with Urban Edge Properties.

Finance & Capital Markets
Fish, coral shop takes 2,500 sq. ft. at Flemington shopping center, BRC says

A fish and coral retailer has leased 2,500 square feet at a Route 202 shopping center in Flemington, brokers with Bussel Realty Corp. announced Monday.

Photos
New entrepreneur workshop at NJIT’s Profeta Center marking successful first semester

Paul V. Profeta, the publisher of Real Estate NJ, recently pledged a significant sum of money to New Jersey Institute of Technology in order to launch the minority Enterprise Center at 211 Warren St. on the NJIT campus in Newark. The building has since been named the Profeta Center. The work of the Profeta Center began in earnest this fall with the inception of the “Free Entrepreneurial Workshop” being held Saturday mornings from September through November.