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.

Residential & Mixed Use
Developer kicks off 600-unit residential, retail project at former Parsippany office park

A development team has broken ground on a project that will bring 600 apartments and townhomes to the site of what was a sprawling highway office park in Parsippany.

Policy Page
New Jersey has many blessings to count

As we come to the end of another challenging year, it’s a good time to reflect on the many blessings New Jersey can count.

Industrial
CBRE: Central Jersey leads U.S. industrial markets in ‘sticker shock’ for tenants

Industrial tenants in central New Jersey are facing a nearly 64 percent rent hike from leases they signed five years ago, CBRE found, marking the highest such figure of any region in the U.S.

Residential & Mixed Use
Larken touts lease-up, first move-ins at 191-unit rental project in Hillsborough

Larken Associates is marking the lease-up of its new 191-unit luxury apartment property in Hillsborough, in a milestone that comes just as it welcomes its first residents.

Retail
New pizzeria, Italian eatery leases 2,300 sq. ft. at Chatham retail plaza, LMC says

A new locally owned Italian restaurant and pizzeria is coming to a busy retail center in Chatham, under a transaction arranged by Levin Management Corp.

Residential & Mixed Use
Developer eyes debut of 378-unit high-rise in downtown Hackensack

A developer is set to open a new 378-unit apartment building in downtown Hackensack, marking the latest piece of the city’s fast-growing luxury housing stock.

Professional Services
DeCotiis adds veteran land use, litigation attorneys among 13 new practitioners

DeCotiis, FitzPatrick, Cole & Giblin LLP has added more than a dozen new attorneys, including two that bring decades of experience in land use, commercial litigation and other areas.

Office
Deluccia inks sale of development site for Bridgewater medical office building

A developer has acquired a property in Bridgewater that’s now slated to become a new 43,000-square-foot medical office building, in a deal arranged by Deluccia Commercial Group.

Residential & Mixed Use
Mack-Cali announces rebrand, eyeing full-fledged apartment platform and ESG goals

Mack-Cali Realty Corp. is rebranding to Veris Residential Inc., the company said Tuesday, in a step that reflects its move to a pure-play multifamily operator and a focus on sustainability.

Residential & Mixed Use
JLL: Clarion sells 163-unit Montclair apartment property

An investment manager has sold a 163-unit luxury apartment complex in downtown Montclair, under a newly announced transaction by JLL.