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
Cervelli: Six-unit Jersey City building with apartments, commercial space fetches $850,000

A private investor has acquired a mixed-use property in Jersey City for $850,000, in a newly announced deal by Cervelli Real Estate & Property Management.

Health Care & Education
Florham Realty: Medical device firm takes 2,400 sq. ft. for new facility in Mount Arlington

A medical equipment company has opened a new location in Mount Arlington after a recent lease for 2,400 square feet, brokers with Florham Realty Management LLC announced.

Government & Public Policy
Cherry Hill farm parcel sold as open space for $3.9 million, Rose Commercial says

The township of Cherry Hill has acquired a 26-acre tract in the municipality for nearly $3.9 million, in a deal arranged by Rose Commercial Real Estate.

Professional Services
CBRE adds industrial specialist Shoemaker to focus on multimarket clients

Industrial broker Stephen Shoemaker has joined CBRE as a senior vice president, with a focus on multimarket occupiers in the asset class.

Office
Fennelly: Three tenants combine for 7,100 sq. ft. in new deals at Hamilton office building

The owner of a 33,000-square-foot office building in Hamilton has welcomed three new tenants after a series of leases arranged by Fennelly Associates.

Retail
Fairfield-based Vita & Vita tapped to manage Mid-Atlantic, Southeast shopping centers

Vita & Vita Realty Corp. has expanded its management footprint with new assignments at shopping centers in Maryland, Virginia and North Carolina, the Fairfield-based firm announced.

Residential & Mixed Use
JLL’s Morristown-based team marketing 55-unit New Rochelle apartment portfolio for sale

The owner of 54 apartments and an adjacent home in New Rochelle, New York, has tapped JLL’s Morristown-based capital markets team to sell the properties.

Residential & Mixed Use
Alpine, Fields Grade launch boutique rental building in Jersey City’s Bergen-Lafayette section

A development team has unveiled a six-story, 39-unit apartment building in Jersey City as the latest addition to their footprint in the historic Bergen-Lafayette neighborhood.

Residential & Mixed Use
Kushner nears topping out of first tower, start of second phase for One Journal Square project

A closely watched project that will add more than 1,700 apartments to Jersey City’s booming Journal Square neighborhood is on the verge of two key construction milestones.

Industrial
Sitex promotes Fuchsman to vice president

Sitex Group has promoted Max Fuchsman to vice president, touting his role in growing the industrial real estate investment firm since his arrival in 2022.