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.

Events

Newark Summit to highlight opportunity, innovation as city’s development boom continues

Dozens of business and civic leaders will take the stage in early December for the inaugural Newark Summit, where they’ll discuss the wave of investment and placemaking initiatives in the state’s largest city, in an event that is slated to draw more than 750 attendees.

Office

A.Y. Strauss takes 11,000 sq. ft. at Eastman-owned campus in Livingston, CBRE says

Boutique law firm A.Y. Strauss has leased nearly 11,000 square feet of office space in Livingston, brokers with CBRE announced Monday.

Professional Services

DeSimone Consulting Engineering acquires Decipher, U.K.-based construction consultancy

DeSimone Consulting Engineering, a Manhattan-based firm whose work includes multiple New Jersey projects, has acquired the construction consultancy known as Decipher.

Government & Public Policy

EDA approves $20 million in Aspire tax credits for senior housing projects in Essex, Gloucester

The state has approved another $20 million in tax credits under the Aspire program, clearing the way for developers to build or renovate a combined 164 apartments for seniors in Essex and Gloucester counties.

Retail

KPR Centers sells grocery-anchored complex in Camden County, Marcus says

Investment firm KPR Centers has sold a nearly 103,000-square-foot, grocery-anchored shopping center in Gloucester Township, in a deal arranged by Marcus & Millichap.

Events

Blue Water Wave honors real estate, business leaders at first-ever Wave Awards (SLIDESHOW)

A group of business leaders gathered in West Orange last week to celebrate their peers, as Blue Water Wave held its first-ever awards ceremony for excellence in real estate and other sectors.

Hospitality & Tourism

Hotels Unlimited debuts renovated 178-key hotel in Tinton Falls (SLIDESHOW)

Hotels Unlimited Inc. has completed a major renovation of the 178-key DoubleTree Tinton Falls in Monmouth County, the firm announced last week.

Hackensack business group launches new-look website for downtown

Business leaders in downtown Hackensack have launched a new website aimed at promoting efforts to revitalize the commercial district.

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.