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
Saddleback sells new 50,000 sq. ft. industrial building in Hackettstown for $13 million

Saddleback Real Estate Developers has sold a newly built, 50,000-square-foot industrial building in Hackettstown for $13 million, the Fairfield-based firm announced last week.

People
Rockefeller Group hires Noorigian as senior vice president, chief people officer

Rockefeller Group has welcomed Greg Noorigian, a veteran of talent acquisition and general human resources practices, as its new senior vice president and chief people officer.

Retail
Vantage Commercial: Nail salon, kitchen and flooring store help fill Marlton strip center

The owner of a nearly 15,000-square-foot strip center in Burlington County has secured two new leases to bring the property to full occupancy, brokers with Vantage Commercial announced.

Residential & Mixed Use
Larken launches preleasing at new 420-unit Lehigh Valley rental property

Larken Associates is offering its first look at a new 420-unit luxury apartment property in the Lehigh Valley and less than five miles from New Jersey’s western border.

Government & Public Policy
Sherrill retains Suárez as Department of Community Affairs commissioner

Jacquelyn Suárez, the head of the state’s Department of Community Affairs, will stay on in the role when Gov.-elect Mikie Sherrill takes office in less than three weeks.

Government & Public Policy
State Plan gets first update since 2001 as Murphy team outlines land use, environmental goals

State officials have made a long-awaited update to a planning document that’s meant to guide land use, development and environmental policy across all levels of government in New Jersey.

Residential & Mixed Use
Investor buys six-unit West New York rental property for $2.2 million, Marcus says

A six-unit apartment building in West New York has changed hands for more than $2.2 million, in a newly announced deal by Marcus & Millichap.

Editor’s Note
The best of The Briefing 2025

With the new year upon us, we’re excited to bring you a look back at our most-read stories of 2025. You can catch up on our daily “best of” emails below.

Government & Public Policy
Looking back: Fulop, outgoing Jersey City mayor, reflects on policies behind historic development boom, affordability push

With his time as mayor winding down, Steve Fulop feels Jersey City is better off after 12 years of pro-growth policies and a historic development boom that spread beyond the downtown and waterfront areas. He also acknowledged that the city and the region still face an affordability crisis and an undersupply of housing, issues that his successor will confront in the years ahead.

Government & Public Policy
Fulop urges Solomon to embrace growth, leave ‘comfort zone’ as Jersey City’s next mayor

Outgoing Jersey City Mayor Steve Fulop called on his successor, James Solomon, to be pragmatic about development and affordability as he moves ahead, following a campaign that was decidedly anti-development and stoked uncertainty in the private sector.