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
Biopharma firm expands to 5,800 sq. ft. in downtown Jersey City, Equity says

A biopharmaceutical company has renewed its lease and expanded in downtown Jersey City, where it now occupies more than 5,800 square feet.

Professional Services
JLL names new associate vice president for New York metro life sciences team

JLL has added to its life sciences team in the region with one of its newest broker hires.

Sponsored Content
The tax impacts of debt: What owners and investors should know

Leverage is an important instrument for real estate owners and investors. Utilizing leverage appropriately can help enhance returns, build a diversified portfolio, strategically enter the market, and provide tax benefits. As the capital markets have become increasingly challenging, many lenders are requiring guarantees by the mortgagors. The use of a guarantee can drive surprising tax results. This article will concentrate on how mortgage debt affects the tax basis of acquired property, as well as the investment basis of real estate owners and investors in partnerships (note that real property held in different types of entities may yield varied outcomes).

Office
Gilead’s new Parsippany office is a hub of collaboration and comfort — with a purpose

Gilead Sciences has opened its new 96,000-square-foot East Coast hub at Parsippany’s Latitude campus, touting a space that will foster innovation and creativity while helping employees transition back to the office.

Residential & Mixed Use
Fantin unveils 297-unit luxury rental building in Journal Square

Developer Milton Fantin has debuted a collection of nearly 300 luxury apartments and amenities in Jersey City’s resurgent Journal Square section.

Professional Services
Langan’s Chun among five honorees for NAIOP’s 2023 Developing Leaders Award

NAIOP has recognized a senior project scientist with Langan Engineering & Environmental Services as a recipient of its 2023 Developing Leaders Award.

Health Care & Education
Physical therapy, sports rehab practice opens new 5,000 sq. ft. facility in Medford

A physical therapy practice has doubled its footprint with the opening of a new 5,000-square-foot facility in the Burlington County township of Medford.

Industrial
Aspen acquires 83,000 sq. ft. industrial, office portfolio in Burlington in distressed asset deal

Private equity firm Aspen Real Estate has acquired nearly 83,000 square feet of industrial and office space at the junction of two key thoroughfares in Burlington Township.

Office
JLL: Montvale office building sells for $15 million, trading for third time in 12 years

Nessel Development has sold a nearly 120,000-square-foot office building in Montvale for $14.75 million, under a deal arranged by JLL’s New Jersey capital markets team.

Professional Services
HLW taps Strickland as managing director for New Jersey office

Global architecture, design and planning firm HLW has named Melissa Strickland as its new managing director in New Jersey.