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.

Amazon, Uber Eats and Whole Foods walk into a lobby: From grandeur to groceries, the lobby has a new job description

From Journal Square to Paulus Hook, New Jersey’s Gold Coast is lined with stunning pre-war buildings that speak to a bygone era of craftsmanship, character and architectural grandeur. High ceilings, intricate moldings, brick facades and hand-laid parquet floors give these properties a timeless appeal, especially for developers and residents who value authenticity over uniformity. But restoring and reimagining these buildings for modern use — particularly in a way that makes them fully accessible — is one of the biggest challenges construction teams face today.

Cronheim: NRDC lands $17.8 million loan for grocery-anchored center in Jersey City

The owner of a nearly 101,000-square-foot shopping center in Jersey City has closed on a $17.8 million loan for the property, brokers with Cronheim Mortgage announced Friday.

Investment group buys former Asbury Park YMCA building for $3 million, Barone says

Private investors have acquired a roughly 38,000-square-foot building in downtown Asbury Park for $2.95 million, in a newly announced deal by Barone Commercial Resources LLC.

Signature acquires fully leased 204,000 sq. ft. office building in Parsippany

Signature Acquisitions has expanded its holdings in Parsippany with the purchase of a nearly 204,000-square-foot office building, brokers with JLL announced Thursday.

Developer launches sales at sweeping Southend Lofts project in Hoboken (SLIDESHOW)

Sales are underway at Southend Lofts, the collection of 110 upscale condominiums that is taking shape at a historic industrial complex in Hoboken.

Planet Fitness expands in Monmouth with new 27,000 sq. ft. lease in Howell, LMC says

Planet Fitness has taken nearly 27,000 square feet for a new location along Route 9 in Howell, according to a leasing team with Levin Management Corp.

Newmark Associates inks sale of 10,000 sq. ft. professional, medical office building in Boonton

A private investor has purchased a 10,000-square-foot professional and medical office building in Boonton, according to a brokerage team with Newmark Associates CRE.

Sheldon Gross: Coffee roaster buys 9,700 sq. ft. Middletown retail building

A coffee company has acquired a more than 9,700-square-foot property in Middletown for $1.6 million, in a newly announced deal by Sheldon Gross Realty.

Hampshire closes on $15.4 million refi of 40-unit rental project in Montclair, JLL says

The Hampshire Cos. has refinanced a new 40-unit luxury apartment building in downtown Montclair, securing a $15.4 million loan under a deal arranged by JLL.

Owners Council Q&A: Katie Kurtz

When I joined Denholtz in 2024, gridlocked capital markets and broad uncertainty made transacting difficult. At that time, the industry was waiting for the long-promised rate cuts that would unlock deal flow. Fast forward a year, and we’ve finally received the first of what should be a series of cuts. While the full impact will take time, I anticipate we will begin to see the pricing clarity that’s essential for the market to function. This shift gives me more optimism heading into 2026 than I felt at the close of last year.