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.

Office
Newmark: Updates to Parsippany office building paying off with 91,000 sq. ft. in leasing

American Equity Partners has completed a major renovation of a Parsippany office building, where it’s reaping the benefits with nearly 91,000 square feet in recent leasing activity.

Editor’s Note
Doren Development buys new Wawa property in Mountain Lakes for $6.7 million

Doren Development has added to its portfolio in northern New Jersey after closing on a newly built Wawa property in Mountain Lakes.

Retail
Orangetheory takes 3,200 sq. ft. at Warren retail center, Goldstein Group says

Orangetheory Fitness has arrived in Warren after leasing 3,200 square feet at a grocery-anchored shopping center in the township, brokers with The Goldstein Group announced Monday.

Professional Services
Resource Realty of Northern New Jersey names Sabato, Wilson and Peck as principals

Resource Realty of Northern New Jersey has tapped Greg Sabato, Brian Wilson and Scott Peck as its newest principals, expanding its leadership ranks as it eyes continued growth.

Industrial
Elberon’s Gibbons honored with Elizabeth Development Co. Lifetime Achievement Award

Elberon Development Group CEO Dave Gibbons has received the Lifetime Achievement Award from the Elizabeth Development Co., the public nonprofit organization that has helped guide economic growth in the city for more than 45 years.

Professional Services
Greenberg Traurig’s Lipner rises to shareholder

Greenberg Traurig LLP has elevated real estate attorney David B. Lipner from associate to shareholder.

Residential & Mixed Use
Procida taps McCann Team as agents for Plaza Grande in Cherry Hill

Procida Funding & Advisors has selected the McCann Team of Keller Williams as its agents for a collection of new age-restricted homes at the Plaza Grande development in Cherry Hill.

Events
Denholtz, McGuinness among honorees slated for NAIOP New Jersey gala in May

Denholtz Properties CEO Steven Denholtz will be the latest recipient of NAIOP New Jersey’s lifetime achievement award, headlining a list of honorees for the chapter’s spring gala that will also include its own former longtime chief executive.

Events
Jersey City Summit set for May 29 with high-profile speaker list still growing

Plans for this year’s Jersey City Summit are quickly taking shape, with featured guests set to include Gov. Phil Murphy, Mayor Steve Fulop and legendary developer Joe Panepinto Sr. alongside dozens of other owners, investors and key players in the city’s renaissance.

Professional Services
NAIDB honors Sciortino, other key team members as part of Women’s History Month

NAI DiLeo-Bram & Co. is honoring its longtime business and senior marketing coordinator and several other key team members as part of its Women’s History Month observance.