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.

Residential & Mixed Use

Paramount unveils 35 rentals, retail space at historic department store property in Plainfield

Paramount Assets has completed its transformation of a historic department store building in Plainfield, where it recently debuted 35 market-rate apartments and new retail space.

Larken Associates mourns passing of longtime CFO Babette Rutman

Larken Associates is mourning the loss of Babette Rutman, its former chief financial officer and a key member of its Branchburg-based team over more than 25 years.

Retail

Planet Fitness takes 20,000 sq. ft. at new-look shopping center in Cedar Knolls

Planet Fitness is coming to a newly renovated shopping center in the Cedar Knolls section of Hanover, where it will occupy more than 20,000 square feet alongside tenants such as McDonald’s, Walmart and Michaels.

Health Care & Education

Specialty medical practice leases 3,800 sq. ft. in East Windsor, NAI Hanson says

A medical practice is relocating in central New Jersey after leasing nearly 3,800 square feet in East Windsor, in a newly announced deal by NAI James E. Hanson.

Industrial

NAI Hanson: New supply pushes up New Jersey industrial vacancy in Q3, despite strong leasing

Vacancy in New Jersey’s industrial market rose in the third quarter despite steady demand, as developers added nearly 4 million square feet of supply with the completion of large projects.

Industrial

Fabuwood Cabinetry takes 197,000 sq. ft. at Linden Logistics Center, CBRE says

A fast-growing cabinet maker has leased nearly 200,000 square feet at Linden Logistics Center, the new 4.1 million-square-foot industrial park in Linden developed by Advance Realty Investors, Greek Real Estate Partners and PGIM Real Estate.

Government & Public Policy

Developer signs 400-acre ground lease for Atlantic City Airport, eyes multimodal industrial site

A developer has signed a ground lease at the Atlantic City International Airport that could pave the way for new industrial space across a 400-acre swath of the property.

Finance & Capital Markets

C&W: Developer inks $4.9 million acquisition, predevelopment loan for Edison parcel

A developer has landed a $4.9 million loan in connection with a 6.7-acre industrial parcel off Interstate 287 in Edison, in a deal arranged by Cushman & Wakefield.

Professional Services

Bertone Piccini LLP adds Hodgins, Michaels as associates

Bertone Piccini LLP has added two associates to help serve its growing clientele of commercial real estate firms and other businesses.

Professional Services

bergenPAC to honor DMR’s Rosenberg at annual gala, touting firm’s role in arts community

The work of DMR Architects and its impact on the performing arts community will take center stage later this month as bergenPAC honors CEO and President Lloyd Rosenberg.