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.

Event Coverage
Panel: Newark remains a land of opportunity for housing, business — despite long-term hurdles

Optimism is nothing new in Newark, with its rich transportation network, cultural institutions and key anchors in business, health care and academia. But the city still struggles with poverty, education challenges and other barriers that have kept it from blossoming alongside places such as Jersey City, Hoboken and other urban markets, despite billions of dollars in new investment. Panelists said as much last week during Real Estate NJ’s Newark Redevelopment Update, as they debated those challenges and how to unlock the city’s long-held potential.

Features
McGuinness reflects on 26 years at NAIOP, as industry leaders praise outgoing CEO

In an interview, outgoing NAIOP New Jersey CEO Michael McGuinness reflected on a tenure that’s been marked by service, stability and impressive membership growth, as chapter leaders touted a record of persistent yet professional advocacy that has earned the respect of both industry executives and government officials throughout the state.

Features
High praise: NAIOP leaders pay tribute to outgoing CEO McGuinness

We asked commercial real estate industry leaders for their thoughts on NAIOP New Jersey CEO Michael McGuinness, who is retiring next month after more than 25 years in the role.

Government & Public Policy
Scotch Plains taps Woodmont as conditional redeveloper in long-awaited downtown project

Scotch Plains has designated Woodmont Properties as the conditional redeveloper for more than nine acres in its downtown, following a multiyear search aimed at jumpstarting a long-awaited plan for the central business district.

Residential & Mixed Use
Accurate launches leasing at new 185-unit apartment community in Little Falls

Accurate has unveiled another piece of its fast-growing luxury apartment portfolio with the launch of leasing at a new 185-unit property in Little Falls.

Industrial
Blau & Berg inks 31,000 sq. ft. sublease at Elizabeth truck terminal

A trucking company has signed a 31,000-square-foot sublease for a terminal facility in Elizabeth, in a newly announced deal by The Blau & Berg Co.

Community
Blue Onyx, Paterson Music Project host festival supporting Turkey-Syria earthquake relief

A crowd of Paterson residents and community leaders descended on the city’s Great Falls section earlier this month, supporting relief efforts for the recent earthquake in Turkey and Syria while showcasing a local after-school music program for students.

Residential & Mixed Use
Brookfield, G&S break ground on 802-unit high-rise at ShopRite property in Jersey City

A joint venture has broken ground on a high-rise that will add more than 800 apartments to downtown Jersey City, in the latest phase of a plan to transform a well-known retail property.

People
Azarian Group promotes Pelio to executive vice president

The Azarian Group LLC, the Midland Park-based commercial real estate firm, has promoted Kevin Pelio to executive vice president.

Office
Sheldon Gross: Lens maker buys 13,000 sq. ft. North Plainfield office building for $1.4 million

An optic lens maker has acquired a nearly 13,000-square-foot office building in North Plainfield, brokers with Sheldon Gross Realty announced Tuesday.