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
Reynolds acquires 500 units in Louisiana in deals with multiple partners

Reynolds Asset Management has added to its portfolio outside New Jersey with two deals in Louisiana, where it acquired a combined 500 apartments in and around Shreveport.

Industrial
Cervenka closes on 19-acre parcel in Denville, eyes 119,000 sq. ft. industrial project

Cervenka Development Partners has acquired a 19-acre parcel in Denville that it plans to develop as nearly 120,000 square feet of modern logistics space, the firm announced Thursday.

Government & Public Policy
New EDA grant program to help local agencies buy vacant properties for redevelopment

The state Economic Development Authority has launched a $24 million grant program aimed at helping governmental agencies and nonprofits acquire vacant properties for future redevelopment opportunities.

Top News
Buyer wanted for iconic 222-acre Jasna Polana Golf Club in Princeton, C&W says

The site of the distinctive Jasna Polana Golf Club in Princeton is on the market for sale, in a newly announced offering by Cushman & Wakefield.

Residential & Mixed Use
Diversified breaks ground on 32-unit rental building, kicking off multiphase project in Jefferson

Diversified Properties has started construction on a 32-unit apartment building in Jefferson that will mark the first piece of a new luxury multifamily property off Route 15.

Residential & Mixed Use
Winn, ART-JIUS open 74-unit affordable housing project at historic Paterson mill site

A development team has unveiled 74 new apartments in Paterson as part of a project that included new construction and the restoration of a historic mill property.

Industrial
Crow Holdings, logistics firm ink 188,000 sq. ft. deal for first lease at Carteret industrial park

Crow Holdings Development has secured its first tenant at a new 1.2 million-square-foot industrial park in Carteret, leasing 188,000 square feet to a third-party logistics firm.

Government & Public Policy
Turnpike Authority unveils impact study for replacing, widening Newark Bay extension

The New Jersey Turnpike Authority has taken a key step in its plan to replace a major piece of the Newark Bay-Hudson County Extension, the critical but chronically congested artery that connects the highway to Bayonne and Jersey City.

Retail
Salon operator takes 3,000 sq. ft. at Ramsey strip mall, NAI Hanson says

A nail salon and spa business has leased 3,000 square feet of retail space in the Bergen County borough of Ramsey, in a newly announced deal by NAI James E. Hanson.

Retail
Unity Bank opens new 3,900 sq. ft. Parsippany location, expanding to Morris County

Unity Bank has opened a new branch in Parsippany-Troy Hills, its first full-service location in Morris County and its third new retail site in the last 10 months.