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.

Retail
Marcus: Investor buys 45,000 sq. ft. Parsippany shopping center for $18.5 million

A private investor has purchased a more than 45,000-square-foot retail center in Parsippany for $18.5 million, according to a brokerage team with Marcus & Millichap.

Professional Services
Caryl Communications’ Crisafulli named to PR Boutiques International executive committee

Sandy Crisafulli, president of Hoboken-based Caryl Communications, has joined the executive committee of the nonprofit industry network known as PR Boutiques International.

Top News
Procida wins $39 million judgment against ex-developer of Cherry Hill housing project

Procida Funding & Advisors LLC has secured a $39 million judgment against a former borrower and builder of a once-stalled senior housing development in Cherry Hill.

Office
New Jersey office leasing ‘constrained’ in Q3 as large-block users hit pause, reports say

The northern and central New Jersey office market cooled in the third quarter, with muted leasing volume and most deals taking place in spaces smaller than 50,000 square feet.

People
Madanick rises to vice president, commercial business development at National Integrity Title

National Integrity Title Agency has promoted Natalie Madanick to vice president for commercial business development, the Marlton-based firm announced last week.

Office
Premier Workspaces opens 25,000 sq. ft. coworking hub at Cherry Hill office park

A new coworking space has launched in Cherry Hill, occupying nearly 25,000 square feet at the Commerce Center campus off Route 38.

Industrial
Velocity adds three tenants, leases 110,000 sq. ft. at Lawrenceville industrial building

Velocity Venture Partners has filled 110,000 square feet in Lawrence Township after securing three new leases at a renovated industrial building.

Health Care
JLL’s Morristown-based team lists 127,000 sq. ft. medical office, retail property on Long Island

The owner of more than 127,000 square feet of medical office and retail space on Long Island has tapped JLL’s Morristown-based capital markets team to sell the property.

Office
Signature inks 55,000 sq. ft. in new deals, 16,000 sq. ft. in renewals in Q3 leasing

A family law practice has signed a lease expansion at a Cranford office building, in one of more than a dozen third-quarter deals completed by landlord Signature Acquisitions.

Government & Public Policy
Rollout of affordable housing law continues as proponents score latest legal win

A law to spur the next wave of affordable housing in New Jersey has cleared another legal hurdle after a state Superior Court dismissed a challenge by a coalition of municipalities.