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
Renters flocking to downtown Bound Brook, with Accurate leasing 70 percent of new building

Accurate has leased more than two-thirds of its new 105-unit upscale apartment building in downtown Bound Brook, the developer announced this week. 

Residential & Mixed Use
KRE, Goldman sell 440-unit apartment complex outside Princeton, reportedly for $115 million

Kushner Real Estate Group and Goldman Sachs Asset Management have sold a 440-unit garden apartment complex in Plainsboro, reportedly for $115 million, in a deal arranged by JLL.

Top News
Commercial real estate leaders pay tribute to Oliver after lieutenant governor’s death

The death of Lt. Gov. Sheila Oliver is rippling through the state’s commercial and residential real estate industries, whose leaders recalled her as a pioneer and devoted public servant who advocated for affordable housing and economic development.

Office
Audible launches program to boost leasing, business growth around Newark’s Tubman Square

Audible has unveiled a new series of business attraction efforts in its home city of Newark, including a plan to create leasing opportunities near its headquarters that has already benefited six companies in the tech innovation, hospitality and entertainment sectors.

Office
Sanzari signs 13,000 sq. ft. office lease in Teaneck with global telecom firm

Alfred Sanzari Enterprises has secured another office tenant at its Glenpointe campus in Teaneck, where a global telecommunications firm has leased nearly 13,000 square feet.

People
Larken taps longtime residential leasing agent for new post with commercial team

Larken Associates has announced a new addition to Raider Realty, its in-house commercial brokerage division, tapping a longtime member of its residential team for the post.

Residential & Mixed Use
Family sells 126-unit Elizabeth apartment complex after 40 years, Gebroe-Hammer says

The longtime owner of a 126-unit garden apartment complex in downtown Elizabeth has sold the property, in a newly announced deal by Gebroe-Hammer Associates.

Professional Services
JLL promotes DeVesty to director with Morristown-based capital markets team

JLL has promoted a longtime member of its New Jersey-based capital markets team to a production role focused on multifamily investment sales.

Industrial
Lee & Associates: Water filtration company takes 16,000 sq. ft. in Whippany

A water technology company has leased 16,000 square feet of industrial space in the Whippany section of Hanover, according to a brokerage team with Lee & Associates New Jersey.

Retail
Paramount Assets buys 5,000 sq. ft. retail, commercial building in Elizabeth, RIPCO says

Paramount Assets has purchased a 5,000-square-foot retail and commercial building in Elizabeth for nearly $900,000, brokers with RIPCO Real Estate announced Monday.