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.

Roundtable
What will be a major environmental or sustainability concern for property owners in 2022?

What will be a major environmental or sustainability concern for property owners in 2022? We assembled a panel of industry experts to tackle this month’s question.

Government & Public Policy
State eyes sale, redevelopment of 230,000 sq. ft. office building in downtown Trenton

State officials are seeking a buyer to revitalize the 10-story, 230,000-square-foot office building in downtown Trenton that was the longtime home of New Jersey’s Division of Taxation.

Office
Developer moving from Brooklyn to Englewood Cliffs office building, NAI Hanson says

NAI James E. Hanson has negotiated a lease for 1,440 square feet of office space in Englewood Cliffs for Prime Equity Real Estate.

Residential & Mixed Use
Developers launch leasing at 381 luxury rentals in Harrison, latest phase of ‘Urby’ complex

A development team has launched leasing at the newest collection of apartments at one of Harrison’s largest luxury rental communities.

Industrial
BRC: Trucking firm takes 60,000 sq. ft. at Piscataway industrial building

A trucking company has signed a full-building lease for nearly 60,000 square feet of industrial space in Piscataway, under a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use
FMERA inks sale of Fort Monmouth parcel slated for 180-unit residential project

Somerset Development has closed on its purchase of some 15 acres at Fort Monmouth that is now slated to become a mix of new townhomes and restored apartments.

Professional Services
DMR eyes continued growth, pipeline diversity as design firm marks 30th anniversary

Three decades after its founding, DMR Architects has grown into a robust, multidisciplinary practice serving education, multifamily, health care and other public- and private-sector clients — with a pipeline valued at more than $1 billion.

Professional Services
H2M details new hires in Wall, Parsippany offices

H2M architects + engineers has announced three new additions to its team of scientists and construction industry professionals in New Jersey.

Events
New Jersey Future, APA-NJ seeking session proposals for March planning, redevelopment forum

Two of the state’s top planning organizations are seeking ideas for discussion topics as they lay the groundwork for a multiday, virtual and in-person conference in early 2022.

Retail
R.J. Brunelli inks retail property sales in East Brunswick, East Orange

A developer has acquired the 25,000-square-foot home of a Jersey Strong health club in East Brunswick, in one of two newly announced property sales by R.J. Brunelli & Co. LLC.