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
Winn, ART-JIUS Enterprises acquire Paterson housing property, launch $7.5 million rehab

A joint venture has kicked off its renovation of a newly acquired, 68-unit affordable housing property in Paterson that it says will result in updated homes for a host of community members.

Residential & Mixed Use
Woodmont hits 75 percent leased milestone at 120-unit Warren County rental property

Woodmont Properties has leased 75 percent of its new 120-unit luxury apartment complex in the Warren County township of Independence, the developer announced Wednesday.

Professional Services
Caryl Communications promotes three team members

Caryl Communications has announced three promotions on its Hoboken-based team.

Residential & Mixed Use
Procida, Titan Engineers mark debut of adaptive reuse project in downtown Union

A developer has opened the doors to a mixed-use project in Union Township that has brought new apartments, offices and retail space to the site of a historic bank building downtown.

Industrial
Alcamo Capital, Avison Young unveil 262,000 sq. ft. industrial project in Lawrence Twp.

An investment firm has completed its first new building in New Jersey with the opening of a nearly 262,000-square-foot industrial property in Lawrence Township.

Industrial
Greek captures demand for small-bay industrial, inking 860,000 sq. ft. in recent transactions

Smaller leases are fueling demand in the region’s industrial real estate market, as evidenced by a flurry of recent activity by brokers with Greek Real Estate Partners.

Office
Estate, elder law firm takes 4,300 sq. ft. in Watchung, Boniakowski says

A law firm has signed a new 4,300-square-foot lease at a Watchung office building, according to a brokerage team with The Boniakowski Commercial Real Estate Group.

Community
Larken Associates’ Jillian Dorell named to SCBP’s 40 under 40 list

The Somerset County Business Partnership has recognized Jillian Dorell, director of design with Larken Associates, as a member of its 40 under 40 list for 2023.

Finance & Capital Markets
JLL: Woodmont refis after leasing up 443-unit West Windsor rental property

Woodmont Properties has secured permanent financing for its newly built, 443-unit multifamily property in West Windsor, in a deal arranged by JLL.

Technology
Nokia to open new 360,000 sq. ft. facility in New Brunswick by 2028, eyeing ‘the next 100 years’ of its historic Bell Labs research arm

Nokia Bell Labs will break ground in 2025 on its new 360,000-square-foot facility in downtown New Brunswick, executives said Monday, as they hailed a project that will allow it to remain at the forefront of innovation while boosting its appeal for the state’s future talent pool.