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.

Finance & Capital Markets
PGIM Real Estate taps Marcus, Amabile as co-CEOs

PGIM Real Estate has picked two of its longtime executives as co-CEOs amid several newly announced appointments for the Newark-based asset manager.

Government & Public Policy
Newark to provide financing, support for activating vacant storefronts downtown

The city of Newark has launched a program aimed at filling vacant storefronts in its downtown, offering up to $650,000 in financial support to prospective retailers and restaurateurs.

Retail
Azarian: Philly Pretzel Factory takes final space at grocery-anchored center in Allendale

A grocery-anchored shopping center in downtown Allendale is fully occupied after a recent commitment by Philly Pretzel Factory, according to a leasing team with Azarian Realty Co.

Office
County bar association, health care user lease space at Cherry Hill office building

The Camden County Bar Association has taken space at a Route 70 office building in Cherry Hill, in one of two newly announced leases by Vantage Commercial.

Retail
Principal sells 215,000 sq. ft. grocery-anchored retail center in Delran, JLL says

Principal Asset Management has sold a nearly 215,000-square-foot retail property in the Burlington County township of Delran, brokers with JLL announced Thursday.

Top News
Jay Garibaldi, member of The Garibaldi Group’s third generation of leadership, dies at 77

The Garibaldi Group is mourning the loss of John “Jay” Garibaldi, a longtime partner and one of five siblings who took the reins of the historic brokerage firm more than 40 years ago.

Top News
Business, government leaders mourn longtime BPU chief Joe Fiordaliso

Joe Fiordaliso, the longtime president of the New Jersey Board of Public Utilities and a key figure in the state’s policy focus on renewable energy, died Wednesday at age 78.

Retail
Grocer takes 3,500 sq. ft. at Hampshire-built apartment building in Hackensack

A specialty grocer has leased 3,500 square feet at the base of a new 82-unit apartment building in downtown Hackensack, according to a broker with NAI James E. Hanson.

Residential & Mixed Use
Cervelli closes sale of 3,500 sq. ft. residential, retail property in West New York

A local business owner has purchased a 3,500-square-foot mixed-use building in West New York, in a deal arranged by Cervelli Real Estate and Property Management.

Retail
Joint venture buys 38,000 sq. ft. Cinemark property at busy Route 22 intersection, JLL says

A joint venture has acquired the site of a nearly 38,000-square-foot movie theater on Route 22 in Watchung, in a newly announced deal by JLL.