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.

Health Care & Education
Primary care practice takes 2,000 sq. ft. in downtown Bergenfield, NAI Hanson says

A primary care practice has found a new home after leasing 2,000 square feet in downtown Bergenfield, in a deal arranged by NAI James E. Hanson.

Policy Page
Hospitality: A real game changer — it all comes down to people

In prepping for this piece, I reviewed the 72 articles I wrote since 2017 to identify common themes. Unsurprisingly, the common denominator was the crucial need to change how we do business with the end goal of improving people’s lives for a simpler and better quality of life — one that is less taxing and costly and more efficient and effective.

Retail
RIPCO: Mexican eatery expands to Belleville, bringing shopping center to full occupancy

A newly renovated shopping center in Belleville is now fully leased after a recent commitment by a fast-casual Mexican restaurant, brokers with RIPCO Real Estate announced.

Office
Law firm finds new home in Mahwah after lease arranged by Newmark Associates

A law firm is relocating within Mahwah after signing a new lease about three miles from its current home in the township, according to a broker with Newmark Associates CRE.

Residential & Mixed Use
Developer announces new incentives, mortgage buydown at North Bergen luxury condos

Skyline Development Group has rolled out new financing programs for prospective buyers at Solaia, its upscale condominium tower along the Hudson River in North Bergen.

Retail
Norman’s Hallmark opens new 6,000 sq. ft. store in Somers Point

The nation’s largest independent owner of Gold Crown Hallmark stores has opened its doors to a new location in Atlantic County.

Finance & Capital Markets
National Private Lenders Association unveils first-ever glossary for fast-growing industry

The National Private Lenders Association has released an industry-first glossary aimed at standardizing terms and definitions across the rapidly changing industry.

Retail
JLL inks sale of vacant Sears property, occupied pad sites on Long Island

A developer has purchased the site of a vacant Sears and two fully occupied pad sites on Long Island, in a deal arranged by JLL’s Morristown-based capital markets team.

Government & Public Policy
Hinchliffe Stadium, Westfield downtown among 2023 Smart Growth Award winners

New Jersey Future has unveiled the winners of this year’s Smart Growth Awards, highlighting projects from Paterson to Westfield with a major focus on planning and redevelopment.

Government & Public Policy
Solar Landscape, Sudler mark completion of rooftop community solar project in Piscataway

A new rooftop solar project at a Piscataway warehouse is now complete after being connected to the grid, allowing it to provide discounted energy to nearly 300 households in the area.