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.

Retail
Los Angeles firm eyes ‘vibrant, mixed-use destination’ after buying Bridgewater Commons

A real estate firm focused on large retail properties has acquired Bridgewater Commons, with plans to create a vibrant, mixed-use destination around the 1.2 million-square-foot mall.

Professional Services
LAN Associates names Wighard as its new president, its third in firm’s 58-year history

LAN Associates has tapped a longtime team member as its new president, marking the third person to hold the post since the architecture and engineering firm was founded in 1965.

Professional Services
GZA adds Szczepanski as senior planning consultant

GZA GeoEnvironmental Inc. has bolstered its team in the region with a veteran environmental planner and project manager.

Residential & Mixed Use
Larken Associates debuts indoor, outdoor amenities at 272-unit Bordentown rental project

Larken Associates has unveiled a series of amenities at The Reserve at Crosswicks, its new 272-unit luxury multifamily property in Bordentown.

Residential & Mixed Use
JCMLiving breaks ground on 295-unit rental project at Wood-Ridge’s Wesmont Station

Development firm JCMLiving has broken ground on a 295-unit apartment property in Wood-Ridge, in the final residential phase of the borough’s high-profile Wesmont Station project.

Industrial
STRO adds 46,000 sq. ft., small-bay industrial complex near Newark’s port district

The STRO Cos. has acquired nearly 46,000 square feet of industrial space across two buildings in Newark’s South Ironbound section, the firm announced Friday.

Deals
Developers buy Elizabeth property, prospective development site, for $2.9 million

A development team has entered Union County with its purchase of a one-acre commercial property in Elizabeth, according to a broker with Gebroe-Hammer Associates.

Professional Services
Construction firm AMHigley touts three recent hires in Morristown office

The Albert M. Higley Co. has added to its Morristown-based office with recent hires on its administrative and project management teams, the construction firm announced.

Office
Physical therapist inks 2,200 sq. ft. renewal in Princeton, CPN says

A physical therapy practice has renewed its lease at a Princeton office building, in a newly announced deal by Commercial Property Network Inc.

Government & Public Policy
EDA pledges Aspire tax credits for major Newark, Camden and Morristown housing projects

The state has lent its support to three projects that will create or renovate a combined 728 apartments in Newark, Camden and Morristown — most of them for lower-income renters — after awarding nearly $121 million in tax credits under a new gap financing program.