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.

Industrial
Weiss Realty: Buyer wanted for 30,000 sq. ft. industrial, retail building in Lodi

The owner of more than 30,000 square feet of commercial space in Lodi has appointed Weiss Realty as its broker, seeking a buyer for the 1.76-acre property.

Residential & Mixed Use
Woodmont, Canoe Brook start construction on 199-unit rental project in Randolph

Woodmont Properties and Canoe Brook Development have broken ground on a project that will bring 199 new luxury rental homes to the Morris County township of Randolph.

Professional Services
DMR Architects bolsters education team with four new hires

DMR Architects has made four new hires to support its pipeline of education projects, which now spans more than $300 million in development activity across the state.

Retail
Accounting firm buys 2,900 sq. ft. mixed-use building in Clifton, NAI Hanson says

An accounting firm has purchased a nearly 2,900-square-foot mixed-use building in downtown Clifton, in a newly announced deal by NAI James E. Hanson.

Retail
Valley Bank takes 2,800 sq. ft. in Norwood for new branch location, Goldstein Group says

Valley Bank is expanding in Bergen County after leasing 2,800 square feet for a new branch in Norwood, brokers with The Goldstein Group announced Monday.

Community
REDCOM supports United Passaic Organization with month-long employee coat drive

REDCOM Design & Construction has completed a coat drive in support of the United Passaic Organization, which serves low-income families in Passaic and other communities.

Residential & Mixed Use
New 51-unit rental building in Bound Brook fetches $15 million, in Veerman-brokered deal

A developer has sold a newly completed, 51-unit apartment building in Bound Brook for $15 million, in a deal arranged by Veerman Asset Management.

Health Care & Education
Hackensack Meridian breaks ground on new office, health center at mixed-use Metropark site

Construction is set to begin on nearly 250,000 square feet of new corporate and medical office space in Woodbridge, the future home of a Hackensack Meridian Health facility and the first piece of a distinctive mixed-use project at the Metropark train station.

Residential & Mixed Use
Carino joins NRP Group as vice president of development

The NRP Group has bolstered its team in the Northeast apartment sector with the addition of Patrick Carino as vice president of development.

Government & Public Policy
EDA set to begin info sessions for new Emerging Developers grant program

The state Economic Development Authority is kicking off a series of in-person and virtual information sessions to introduce its new $20 million Emerging Developers Fund.