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.

Industrial
Crow Holdings, logistics firm ink 188,000 sq. ft. deal for first lease at Carteret industrial park

Crow Holdings Development has secured its first tenant at a new 1.2 million-square-foot industrial park in Carteret, leasing 188,000 square feet to a third-party logistics firm.

Government & Public Policy
Turnpike Authority unveils impact study for replacing, widening Newark Bay extension

The New Jersey Turnpike Authority has taken a key step in its plan to replace a major piece of the Newark Bay-Hudson County Extension, the critical but chronically congested artery that connects the highway to Bayonne and Jersey City.

Retail
Salon operator takes 3,000 sq. ft. at Ramsey strip mall, NAI Hanson says

A nail salon and spa business has leased 3,000 square feet of retail space in the Bergen County borough of Ramsey, in a newly announced deal by NAI James E. Hanson.

Retail
Unity Bank opens new 3,900 sq. ft. Parsippany location, expanding to Morris County

Unity Bank has opened a new branch in Parsippany-Troy Hills, its first full-service location in Morris County and its third new retail site in the last 10 months.

Professional Services
C&W, with new-look multifamily team, aims to grow its share of private client investment sales

Cushman & Wakefield is leaning into New Jersey’s middle-market apartment sector, seeking to capture new business within the asset class while exposing a new crop of private clients to the firm’s well-established, highly accomplished capital markets team in the region.

Office
CBRE: New Jersey office demand slumps in Q3 despite bursts in Hudson waterfront, Princeton

Office leasing in northern and central New Jersey slowed in the third quarter, a report by CBRE found, as tenants grappled with economic headwinds despite some bright spots in the market.

Events
NAIOP New Jersey unveils President’s Awards, Hall of Fame honorees for Nov. 6 program

NAIOP New Jersey will honor eight members and commercial real estate industry leaders next month when it hosts its annual President’s Awards and Hall of Fame Dinner.

Industrial
Woodmont, logistics firm ink 54,000 sq. ft. lease at new Woodbridge industrial building

Woodmont Industrial Partners has leased more than 54,000 square feet at its newly completed industrial property just off Route 440 in Woodbridge.

Residential & Mixed Use
New 170-unit Bloomfield rental property more than 50 percent leased

Platinum Developers has filled more than 50 percent of a new 170-unit luxury multifamily property in downtown Bloomfield.

Residential & Mixed Use
Developers launch sales, eye groundbreaking for 132 luxury condos in Long Branch

A joint venture is moving ahead with plans for a new condominium property in Long Branch, in a project that would bring another 132 luxury homes to the city’s fast-growing shoreline.