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.

Professional Services
CBRE adds retail specialists Munley, Behr to capital markets team

Veteran brokers Chris Munley and Colin Behr have joined CBRE to focus on sales of open-air, multitenant retail properties throughout the Mid-Atlantic and Northeast regions.

Hospitality & Tourism
Denholtz opens new 17,000 sq. ft. bar, entertainment venue at Fort Monmouth

Denholtz Properties has opened the doors to a bar, restaurant and entertainment venue at The Commissary at Baseline, its food and beverage destination at the iconic Fort Monmouth site.

Retail
Growing Indian grocery chain takes 16,000 sq. ft. at Clifton retail center, LMC says

An Indian supermarket chain has leased 16,000 square feet at a Route 46 shopping center in Clifton, in a newly announced deal by Levin Management Corp.

Features
Korinis, outgoing CREW NJ president, reflects on chapter’s push to expand philanthropy, member benefits

Krista Korinis is set to step down as president of CREW NJ, following a one-year term that has focused on philanthropy, creating new value for members and expanding networking opportunities.

Residential & Mixed Use
Iron Ore starts construction after inking loan for new 39-unit rental project in Cranford

Iron Ore Properties LLC has secured construction financing for a project that will bring 39 new apartments to downtown Cranford, in the latest piece of a four-phase redevelopment.

Office
Sanzari taps NAI Hanson as leasing agent for 335,000 sq. ft. Court Plaza in Hackensack

Alfred Sanzari Enterprises has named NAI James E. Hanson as the leasing agent for its three-building, 335,000-square-foot Court Plaza office complex in downtown Hackensack.

Retail
Van Leeuwen Ice Cream takes 1,500 sq. ft. in Jersey City for second New Jersey shop

Van Leeuwen Ice Cream will open its second brick-and-mortar location in New Jersey after leasing nearly 1,500 square feet in Jersey City, brokers involved with the deal announced.

Office
GTL Construction unveils lobby renovations at New Brunswick office building

GTL Construction has announced the completion of an 8,400-square-foot lobby renovation in downtown New Brunswick.

Government & Public Policy
EDA adopts changes to Aspire tax credit program amid higher development costs, increased need for affordable housing

The state has approved several key changes to Aspire, the tax credit program for developers, as it looks to expand eligibility and ensure its continued role in affordable housing production.

Government & Public Policy
State to invest $20 million, partner in development of Jersey City science and tech hub

The state will invest up to $20 million and partner in a planned 120,000-square-foot facility in Jersey City that will serve as a hub for life sciences, health care and technology adjacent to the acclaimed Liberty Science Center, officials said Thursday.