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
Redevelopment of Parsippany office park comes with multilayered approach to sustainability

The transformation of a suburban office park in Parsippany — one of New Jersey’s most closely watched redevelopment projects — comes with a heavy focus on sustainability, including a plan to seek certification with the U.S. Green Building Council for the entire 45-acre community.

Industrial
LMC: New 78,000-square-foot warehouse coming to Piscataway’s Rutgers Industrial Center

Construction is underway on a new 78,000-square-foot industrial building in Piscataway, in the second speculative project to break ground recently at Rutgers Industrial Center.

Events
Jersey City Summit, high-profile development showcase, set to return May 22

The popular Jersey City Summit is set to return on May 22, marking its eighth year as it prepares to welcome more than 1,000 attendees for the annual real estate industry showcase.

Professional Services
Sheldon Gross announces new corporate sales representative

Sheldon Gross Realty has named a new corporate sales representative after a recent promotion for the West Orange-based firm.

Office
Sanzari adds business law firm to Court Plaza with new 5,900 sq. ft. lease

A business law firm has leased more than 5,900 sq. ft. at Court Plaza, Alfred Sanzari Enterprises’ three-building office complex in downtown Hackensack.

Professional Services
DIGroup celebrates Firm of the Year, merit honors at recent AIA-NJ gala

DIGroup Architecture is celebrating three recent accolades from the American Institute of Architects New Jersey chapter, including the prestigious Firm of the Year Award.

Finance & Capital Markets
Hampshire snags $62 million construction loan for 270-unit Hackensack rental project

An affiliate of The Hampshire Cos. has landed a $62 million construction loan for a 270-unit apartment building in downtown Hackensack, in a newly announced deal by Northmarq.

Roundtable
What is the next must-have amenity, perk or design feature in new apartment buildings?

What is the next must-have amenity, perk or design feature in new apartment buildings? We assembled a panel of industry experts to tackle this month’s question.

Retail
Pierson adds Goswami to retail brokerage team

Pierson Commercial has announced a new addition to its Marlboro-based team of retail brokers.

Government & Public Policy
Leaders in New Jersey housing, redevelopment pay tribute to late Sen. Ron Rice

The death of former state Sen. Ronald Rice resonated throughout New Jersey this week, drawing tributes from groups including those involved in housing and urban redevelopment.