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
Newmark Associates closes sale of 2,100 sq. ft. Mendham commercial building

The site of a historic mixed-use building in Mendham’s business district has changed hands, in a newly announced deal by Newmark Associates CRE.

Industrial
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack

Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.

Residential & Mixed Use
Berkadia: Investor buys 33-unit Newark apartment building for $4.3 million

An investor has purchased a 33-unit apartment building in Newark for $4.3 million, in one of several recent deals by Berkadia’s New Jersey team.

Office
Video surveillance firm expands by 7,000 sq. ft. at Sanzari’s Glenpointe campus in Teaneck

A video surveillance company is expanding in Teaneck after leasing more than 7,000 square feet of additional office space from Alfred Sanzari Enterprises.

Office
Blau & Berg: Real estate firm eyes expansion with new office space in downtown Freehold

A real estate and construction firm is on the move as part of a newly signed lease in downtown Freehold, in a deal arranged by The Blau & Berg Co.

Health Care & Education
Sweeping renovation underway at assisted living, health care campus in Allendale

The team behind a 146,000-square-foot assisted living and health care facility in Allendale has kicked off a multimillion-dollar renovation of the property.

Residential & Mixed Use
LeFrak lands planning board approval for two-tower, 322-unit rental project in Jersey City

LeFrak has secured a key approval to build another 322 apartments in Jersey City, joining a growing list of developers in an area just south of Hoboken and west of the Holland Tunnel.

Residential & Mixed Use
Walters eyes 2024 delivery of new 63-unit affordable housing property in Chatham

Walters has broken ground on a new 63-unit apartment community in Chatham, in the latest piece of the developer’s fast-growing pipeline of affordable housing.

Residential & Mixed Use
Iron Ore hits leasing milestone, rents two-thirds of 120-unit Plainfield apartment building

A development team has leased nearly two-thirds of a new 120-unit apartment building in Plainfield, reaching the milestone less than four months after unveiling the property.

Health Care & Education
Health care user takes 4,400 sq. ft. at West Windsor office building, Fennelly says

The owner of a West Windsor office building has added to its tenant roster with a new lease of nearly 4,500 square feet, according to a brokerage team with Fennelly Associates.