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.

Government & Public Policy
New affordable, supportive housing taking shape near hospitals with help of HMFA program

The first projects have arrived under a state program aimed at creating affordable and supportive housing near hospitals — providing shelter and other services while reducing the burden on local health care institutions — as officials eye continued growth for the program.

Residential & Mixed Use
Value Cos. welcomes Mirman as executive vice president

Matthew Mirman has joined Value Cos. as an executive vice president, with a focus on business development and strategic planning for the Clifton-based apartment owner.

Residential & Mixed Use
RHO Residential marks five years since founding, touting record growth year for North Jersey property management business

Property management firm RHO Residential is seeing its best year of growth as it marks the fifth anniversary of its founding, as it looks to execute leasing at five new North Jersey apartment properties totaling more than 600 units by midyear.

Residential & Mixed Use
Vida Capital eyes launch of leasing at new 44-unit Bayonne rental property

Commercial real estate firm Vida Capital is set to unveil a new 44-unit luxury apartment building that has brought new life to a former industrial property in Bayonne.

Industrial
NorthPoint breaks ground on 955,000 sq. ft. Salem County warehouse, Peak Construction says

Construction is underway on a project that will bring nearly 955,000 square feet of new industrial space to the Salem County township of Pilesgrove.

Office
Sheldon Gross sells 24,000 sq. ft. office building, final piece of family’s 300-acre tract in Wall

The family of the late Sheldon Gross has sold an office building in Wall Township, the final piece of a 300-acre tract that the well-known real estate executive had developed or sold in phases during six decades of ownership.

Office
NAI Hanson inks partnership interest sale at 18,500 sq. ft. Englewood medical office building

A partner in a medical office building near Englewood Hospital has sold its interest in the property, brokers with NAI James E. Hanson announced Tuesday.

Deals
CPN: Apple Montessori adds 7,200 sq. ft. building for new Princeton-area school

A division of Apple Montessori has acquired a 7,200-square-foot building outside Princeton, in a newly announced deal by Commercial Property Network Inc.

Office
Investment firm takes ownership of Short Hills office buildings, taps JLL as leasing agent

An investment manager has taken ownership of two well-known office buildings in the Short Hills section of Millburn, having tapped JLL as its leasing team for the properties.

Professional Services
Real estate, land use attorney Maioriello joins Connell Foley as associate

Connell Foley LLP has deepened its bench of real estate attorneys in New Jersey with the addition of Rebecca Maioriello as an associate.