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
KPR Centers sells grocery-anchored complex in Camden County, Marcus says

Investment firm KPR Centers has sold a nearly 103,000-square-foot, grocery-anchored shopping center in Gloucester Township, in a deal arranged by Marcus & Millichap.

Events
Blue Water Wave honors real estate, business leaders at first-ever Wave Awards (SLIDESHOW)

A group of business leaders gathered in West Orange last week to celebrate their peers, as Blue Water Wave held its first-ever awards ceremony for excellence in real estate and other sectors.

Hospitality & Tourism
Hotels Unlimited debuts renovated 178-key hotel in Tinton Falls (SLIDESHOW)

Hotels Unlimited Inc. has completed a major renovation of the 178-key DoubleTree Tinton Falls in Monmouth County, the firm announced last week.

Top News
Hackensack business group launches new-look website for downtown

Business leaders in downtown Hackensack have launched a new website aimed at promoting efforts to revitalize the commercial district.

Residential & Mixed Use
Reynolds acquires 500 units in Louisiana in deals with multiple partners

Reynolds Asset Management has added to its portfolio outside New Jersey with two deals in Louisiana, where it acquired a combined 500 apartments in and around Shreveport.

Industrial
Cervenka closes on 19-acre parcel in Denville, eyes 119,000 sq. ft. industrial project

Cervenka Development Partners has acquired a 19-acre parcel in Denville that it plans to develop as nearly 120,000 square feet of modern logistics space, the firm announced Thursday.

Government & Public Policy
New EDA grant program to help local agencies buy vacant properties for redevelopment

The state Economic Development Authority has launched a $24 million grant program aimed at helping governmental agencies and nonprofits acquire vacant properties for future redevelopment opportunities.

Top News
Buyer wanted for iconic 222-acre Jasna Polana Golf Club in Princeton, C&W says

The site of the distinctive Jasna Polana Golf Club in Princeton is on the market for sale, in a newly announced offering by Cushman & Wakefield.

Residential & Mixed Use
Diversified breaks ground on 32-unit rental building, kicking off multiphase project in Jefferson

Diversified Properties has started construction on a 32-unit apartment building in Jefferson that will mark the first piece of a new luxury multifamily property off Route 15.

Residential & Mixed Use
Winn, ART-JIUS open 74-unit affordable housing project at historic Paterson mill site

A development team has unveiled 74 new apartments in Paterson as part of a project that included new construction and the restoration of a historic mill property.