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.

Health Care & Education
Life Care Services opens new senior living community at The Green at Florham Park

A new senior living community has opened its doors at the sprawling master-planned campus known as The Green at Florham Park.

Office
JLL: Life sciences still strong in New Jersey amid new office, manufacturing needs

Life sciences companies remain a leading driver of commercial real estate in New Jersey, accounting for more than a third of all office leases during the first half of 2023 and fueling a pipeline of deals for lab and manufacturing space.

Residential & Mixed Use
Palisade Partners inks sale of 40-unit apartment building near Journal Square

The longtime owner of a 40-unit apartment building in Jersey City has sold the property, in a transaction arranged by Palisade Partners.

Residential & Mixed Use
Prism delivers final building at 252-unit luxury rental project in Dunellen

Prism Capital Partners has all but completed its redevelopment of a former industrial property in Dunellen, now the site of more than 250 apartments and new freestanding retail space.

Retail
Voorhees parcel slated to become car wash trades for $1.2 million, Rose Commercial says

A new car wash is coming to Voorhees after the sale of a nearly two-acre parcel on Route 73, in a newly announced deal by Rose Commercial Real Estate.

Photos
BOMA New Jersey draws 200 for second annual ‘Bonfire at the Beach’ in Long Branch

Real estate leaders descended on Long Branch earlier this month for the Building Owners & Managers Association of New Jersey’s second annual Bonfire at the Beach event.

Office
New amenities, programming fuel leasing interest at Onyx-owned campus in Parsippany

Onyx Equities is touting more than 190,000 square feet of recent leasing activity in Parsippany, following a $15 million renovation of a five-building office campus.

Hospitality & Tourism
Kushner debuts new upscale bowling, entertainment lounge at Pier Village

A new bowling and entertainment lounge has opened at Pier Village, the sprawling oceanfront destination in Long Branch that’s home to a mix of shops, restaurants and upscale homes.

People
Bennett Realty & Development promotes two long-serving executives

Bennett Realty & Development has promoted two veteran executives on its Holmdel-based team, the firm announced Tuesday.

Office
HVAC company buys 4,200 sq. ft. Sussex County office building, NAI Hanson says

An HVAC company has found a new home in Sussex County after acquiring an office building less than a mile from Route 94, in a deal arranged by NAI James E. Hanson.