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
JLL lists 67-unit Hudson Valley rental property with upside through renovation, development

The owner of a 67-unit apartment complex in New York’s Hudson Valley is looking to sell or recapitalize the property, brokers with JLL said, touting its value-add potential through renovations and an adjacent development parcel.

Professional Services
Clarke Caton Hintz announces four promotions to Trenton-based design team

Design firm Clarke Caton Hintz has named two new associates and two new senior associates after four recent promotions on its team.

Residential & Mixed Use
State program in focus as Michaels, Virtua open new Camden housing with on-site health care

Housing and health care have come together in Camden as part of a new age-restricted, 47-unit apartment building that opened its doors last month.

Office
Nokia Bell Labs tower set to rise in downtown New Brunswick as executives, officials break ground on new 370,000 sq. ft. facility

The steel frame of a new landmark tower for Nokia Bell Labs will be visible in downtown New Brunswick as soon as next spring, with construction well underway on a facility that will be the technology giant’s home for decades to come.

Residential & Mixed Use
Cervelli: Investor adds 20-unit West New York apartment building for $3.3 million

A regional private investor has acquired a 20-unit apartment building in West New York for $3.34 million, in a deal arranged by Cervelli Real Estate & Property Management.

Office
Kislak named sales broker for 183,000 sq. ft. waterfront office building in Bucks County

The owner of a 183,000-square-foot office building along the Delaware River in Pennsylvania has tapped The Kislak Co. Inc. to sell the property.

Office
Plymouth Rock takes 11,000 sq. ft. at Mount Laurel office building, NAI Mertz says

Plymouth Rock Assurance has taken more than 11,000 square feet at a Mount Laurel office building, brokers with NAI Mertz announced Thursday.

Office
Sanzari, home health care provider ink 13,000 sq. ft. renewal in Hackensack

A home health care provider has renewed its lease at Hackensack’s Court Plaza office campus, where it occupies nearly 13,000 square feet under a deal with Alfred Sanzari Enterprises.

Government & Public Policy
EDA approves $53 million Aspire award to rehab Atlantic City affordable housing complex

WinnCompanies has set its sights on Atlantic City, where the affordable housing firm plans to modernize 177 rental units with the help of the state’s Aspire tax credit program.

Industrial
Mapletree plans new 420,000 sq. ft. logistics facility after buying 38-acre Poconos parcel

Mapletree Investments is planning its next industrial project in the region after acquiring nearly 38 acres in Eastern Pennsylvania, some 20 miles west of the New Jersey border.