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
Coletta Commercial adds Heller as multifamily, commercial broker

Veteran broker Eric Heller has joined Coletta Commercial as a multifamily and commercial adviser based in its Point Pleasant Beach office.

Industrial
Greek, Advance lease 117,000 sq. ft. to Aramsco in latest deal at Logan industrial park

Greek Real Estate Partners and Advance Realty Investors have leased another 117,000 square feet at their new seven-building, 3.2 million-square-foot industrial park in Logan Township.

Office
JLL: Children’s Place signs new 120,000 sq. ft. office lease to remain in Secaucus

The Children’s Place is staying put at its longtime home in Secaucus after signing a new lease for 120,000 square feet, in a newly announced deal by JLL.

Office
Sanzari signs new leases at Glenpointe with logistics solutions, biotech firms

Alfred Sanzari Enterprises is adding two tenants to its Glenpointe campus in Teaneck after signing leases with a logistics solutions firm and a global biotechnology company.

Industrial
Ridgecut Road, Luzern pick BRC to lease 3.4-acre industrial storage site in Monmouth

A partnership has tapped Bussel Realty Corp. as its leasing team for a 3.4-acre industrial outdoor storage and service property in Monmouth County.

Industrial
Cervenka secures site plan approval, eyes Q4 delivery of 120,000 sq. ft. warehouse in Denville

Local officials in Denville have cleared the way for Cervenka Development Partners to build nearly 120,000 square feet of new high-end industrial space at a site just off Interstate 80.

Residential & Mixed Use
Alpert Group, Newark officials break ground on first phase of Terrell Homes redevelopment

Construction is underway on a project that will bring dozens of age-restricted affordable housing units to Newark, the first piece of a multiphase plan in the city’s East Ward.

Residential & Mixed Use
Marcus: New Jersey rental market to stay resilient despite crush of new supply in 2024

Sustained demand will likely stave off a major spike in apartment vacancy in northern New Jersey, Marcus & Millichap said in a new report, despite what’s slated to be the largest infusion of new supply in decades with more than 15,000 units coming online this year.

Professional Services
Langan makes 17 leadership promotions in Parsippany, Princeton offices

Langan has promoted more than 15 of its New Jersey-based professionals as part of a series of executive-level moves to start the year.

People
Saxum promotes five after banner year for investments, development

Saxum Real Estate has promoted five members of its Summit-based team, following a year in which it reached more than $1 billion in capitalizations.