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
JLL’s Morristown-based team marketing 55-unit New Rochelle apartment portfolio for sale

The owner of 54 apartments and an adjacent home in New Rochelle, New York, has tapped JLL’s Morristown-based capital markets team to sell the properties.

Residential & Mixed Use
Alpine, Fields Grade launch boutique rental building in Jersey City’s Bergen-Lafayette section

A development team has unveiled a six-story, 39-unit apartment building in Jersey City as the latest addition to their footprint in the historic Bergen-Lafayette neighborhood.

Residential & Mixed Use
Kushner nears topping out of first tower, start of second phase for One Journal Square project

A closely watched project that will add more than 1,700 apartments to Jersey City’s booming Journal Square neighborhood is on the verge of two key construction milestones.

Industrial
Sitex promotes Fuchsman to vice president

Sitex Group has promoted Max Fuchsman to vice president, touting his role in growing the industrial real estate investment firm since his arrival in 2022.

Retail
TFE, Pierson tout debut of Starbucks in Monroe, a first for Middlesex County township

Monroe Township has welcomed its first Starbucks with the opening of a new drive-thru location late last year, according to the property’s landlord and its brokerage team.

Professional Services
Bennett Realty adds net-leased retail, strip center specialist to brokerage team

An investment sales broker specializing in single-tenant, net-leased assets and strip centers has joined Holmdel-based Bennett Realty & Development.

Deals
Lee & Associates inks sale of historic church building, longtime Masonic Lodge in Madison

A historic building in downtown Madison is slated to become a new community space after changing hands for $1.1 million, in a deal arranged by Lee & Associates New Jersey.

Top News
Saxum hits nearly $1.1 billion in total capitalizations for investments, developments in 2023

Saxum Real Estate is marking a banner year after investing in a series of cold storage, industrial and multifamily assets and projects with a combined value of more than $1 billion.

Industrial
Roca Tile moving to Edison under 80,000 sq. ft. lease with Wick Cos., CBRE says

A designer tile company has leased more than 80,000 square feet at an Edison industrial building, in a newly announced transaction by CBRE.

Retail
JLL: Food tech startup Wonder among five retail users at new mixed-use project in Cresskill

Five retail tenants are coming to a new mixed-use property in Bergen County after a series of leases totaling more than 10,000 square feet, brokers with JLL announced Tuesday.