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
CenterPoint, food company ink 150,000 sq. ft. industrial lease in Carteret, BRC says

A food purveyor has signed a full-building, 150,000-square-foot lease at a Carteret industrial property, in a newly announced deal by Bussel Realty Corp.

Industrial
Newmark Associates: Investor adds 157,000 sq. ft. Readington industrial park for $15.5 million

An investment firm has purchased a 157,000-square-foot industrial park in Readington for nearly $16 million, according to a brokerage team with Newmark Associates CRE.

People
Saxum names new senior development manager after recent promotion

Saxum Real Estate has announced the promotion of Brandon Alviano to senior development manager.

Residential & Mixed Use
Cervelli tapped to manage 316-unit affordable housing portfolio in Hudson, Monmouth counties

The owner of a 10-building, 316-unit affordable housing portfolio in the state has tapped Cervelli Real Estate & Property Management to oversee the assets.

Events
NPLA Conference unveils speaker, entertainment lineup for June event in Atlantic City

The organizer of the nation’s largest private lending conference, slated for mid-June, has unveiled the event’s lineup of networking, education and entertainment.

Top News
SJP, Devco reveal plans for 600,000 sq. ft. lab, office project at New Brunswick’s HELIX project

SJP Properties and New Brunswick Development Corp. are joining forces to develop the second piece of the landmark Health + Life Science Exchange in New Brunswick, with plans to offer 600,000 square feet of build-to-suit lab and office space at the mixed-use campus.

Professional Services
NAI DiLeo-Bram & Co. unveils new headquarters in Woodbridge

NAI DiLeo-Bram & Co. has opened the doors to its new office in Woodbridge, marking a new chapter for a multigenerational real estate services firm with deep ties to the state.

Residential & Mixed Use
Walters breaks ground on five buildings at planned 67-unit oceanfront project in Brick

Walters has broken ground on another five buildings in Brick Township, where it’s rebuilding an oceanfront community that was decimated by Hurricane Sandy.

Residential & Mixed Use
Larken marks completion of new 254-unit luxury rental complex in Whitehouse Station

Larken Associates has unveiled its new 254-unit multifamily development in Readington, adding another completed project to its growing residential portfolio.

Events
Kokes Properties earns Shore Builders’ distinguished BEAM Award

The Shore Builders Association of Central New Jersey has honored Kokes Properties with its most prestigious award, recognizing the firm’s commitment to the organization as well as its positive impact on the local industry.