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
Blau & Berg: State extends 13,000 sq. ft. lease at East Hanover industrial, research building

The state of New Jersey has extended its lease for more than 13,000 square feet at an East Hanover industrial building, brokers with The Blau & Berg Co. announced Tuesday.

Residential & Mixed Use
Kislak inks trade of 29-unit apartment building in Rockland County

A private apartment owner has added 29 units to its portfolio in New York’s Rockland County, in a newly announced deal by The Kislak Co. Inc.

Sponsored Content
Perfect timing: The importance of the Aspire Tax Credit Program in a changing commercial real estate market

Now, more than ever, government incentives are needed to fill financing gaps, and the work done over the past three years to get the Aspire program up and running is going to pay off big time for developers trying to get shovels in the ground.

Industrial
Marcus Partners acquires soon-to-be-vacant, 112,000 sq. ft. industrial building in Boonton

Marcus Partners has added to its holdings in northern New Jersey with the purchase of more than 110,000 square feet of industrial space in Boonton.

Residential & Mixed Use
Russo unveils highly touted 296-unit rental property near Newark’s Broad Street Station

Russo Development’s new upscale apartment property in Newark is set to open its doors, in a key milestone in the firm’s high-profile entrance to the state’s largest city.

Event Coverage
NAIOP New Jersey honors seasoned executives, aspiring leaders at annual awards dinner, in show of strength for state’s commercial real estate industry

Commercial real estate leaders descended on East Rutherford on Monday night for NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner, where the chapter honored a group of well-known executives and service providers for their contributions to the industry.

Technology
Solar Landscape plans more than 100 new hires in 2024 to support its rapid growth

Solar Landscape plans to add more than 100 employees in 2024, the Asbury Park-based firm announced, as it eyes continued growth and cements its place as a leading provider of solar energy to lower-income households across the state and nationally.

Finance & Capital Markets
G.S. Wilcox sources $16 million loan for ShopRite-anchored center in Flemington

The owner of a grocery-anchored shopping center on Route 202 in Flemington has snagged $16 million in financing, in a transaction arranged by G.S. Wilcox & Co.

Industrial
Food distributor signs 80,000 sq. ft. renewal at Edison industrial building, BRC says

A food distributor has renewed its lease at an 80,000-square-foot industrial building in Edison, in a newly announced deal by Bussel Realty Corp.

Cover Story
The next chapter: Inside 601W’s plan to reposition Jersey City’s iconic Harborside office complex

Manhattan-based 601W Cos. is advancing its plans to reposition Harborside buildings 1, 2 and 3 in Jersey City, a nearly 2 million-square-foot office complex along the Hudson River, after acquiring the property from Veris Residential Inc. for $420 million.