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.

Hospitality & Tourism
Meadowlands Chamber unveils full design plan, study findings for proposed 1.4 million sq. ft. convention center (RENDERINGS)

The pitch to build a $3 billion convention and event center in East Rutherford became clearer this week with the release of full-fledged design concepts, a financial analysis and the findings of key demand and traffic studies.

Professional Services
RIPCO opens Red Bank office, eyeing continued growth in Central Jersey

RIPCO Real Estate has expanded to central New Jersey with the opening of a new office in Red Bank, a move aimed at supporting its ongoing growth in the region.

Industrial
Realterm lands tenant for 8.3-acre, 58-door truck terminal in Woodbridge, Blau & Berg says

Realterm has secured a long-term lease for the site of a 58-door truck terminal in Woodbridge, brokers with The Blau & Berg Co. announced Tuesday.

Residential & Mixed Use
Walters fills 70-unit final phase of new affordable housing property in Ocean County

Walters is marking the completion of a new income-restricted rental property in Ocean County after reaching full occupancy at the project’s third and final phase.

Residential & Mixed Use
Veerman: New 28-unit rental property in downtown Bound Brook sells for $9.2 million

A developer has sold a new 28-unit apartment building in downtown Bound Brook for $9.2 million, in a transaction arranged by Veerman Asset Management.

Industrial
Ridgecut Road expands IOS holdings with 8-acre site in South Plainfield

Ridgecut Road has acquired a nearly eight-acre industrial outdoor storage property in South Plainfield, in a deal arranged by NAI James E. Hanson.

Events
NAIOP New Jersey unveils three Deal of the Year winners, plus finalists for office category

NAIOP New Jersey has announced three Deal of the Year winners ahead of its popular spring gala, with plans to reveal a fourth to the hundreds who will be on hand for the May 14 event.

Residential & Mixed Use
ICON closes $7.5 million sale of 58-unit Newark apartment building

An investor has sold a 58-unit apartment building in Newark’s Weequahic section for $7.5 million, brokers with ICON Real Estate Advisors announced Monday.

Health Care
Kushner, KABR eye new-look health care hub at Journal Square building with Clinical Group as its leasing team

Kushner and KABR Group have picked The Clinical Group as their leasing team for a well-known 111,000-square-foot office building in the heart of Jersey City’s Journal Square district.

Retail
Azarian: Stretch Zone leases 1,500 sq. ft. to expand fitness lineup at Livingston Town Center

A new fitness user is coming to Livingston Town Center after taking more than 1,500 square feet at the two-story shopping center, according to a leasing team with Azarian Realty Co.