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.

Office
Avison Young: Medical device maker takes 54,000 sq. ft. at Marlton office building

A medical device company has secured its new headquarters after leasing 54,000 square feet at a Burlington County office building, a broker with Avison Young announced Tuesday.

Residential & Mixed Use
Hackensack apartment building trades for $5 million, Cervelli says

Investors have purchased a 28-unit apartment building in Hackensack for $5 million, in a newly announced transaction by Cervelli Real Estate and Property Management.

People
Larken adds commercial property manager for central New Jersey

Larken Associates has named a new property manager for its commercial real estate portfolio in central New Jersey.

Residential & Mixed Use
Diversified buys 10 acres in Jefferson slated for new upscale apartments

Diversified Properties has acquired nearly 10 acres in Morris County where it now plans to build 32 new apartments as the first piece of a multiphase redevelopment.

Residential & Mixed Use
Adaptive reuse project in Princeton brings housing, retail to former Nelson Glass property

A plan to bring new apartments and retail space to the site of a historic business in Princeton is now complete, according to a team with Joshua Zinder Architecture + Design.

Professional Services
MSW adds former Newark planning director to growing team

The former top planning official for the city of Newark has joined Murphy Schiller & Wilkes LLP, the fast-growing law firm focused on commercial real estate and development.

Residential & Mixed Use
Veerman: New York investor sells 211-unit Hudson County rental portfolio for $70 million

An investment firm has sold a five-building, 211-unit apartment portfolio in Hudson County for more than $70 million, in a newly announced deal by Veerman Asset Management.

Retail
Azarian boasts record growth in 2022 fueled by new leasing, management assignments

Azarian Realty Co. is riding high after record growth in 2022, thanks to more than 60,000 square feet of leasing activity and the addition of 75,000 square feet to its management portfolio.

Residential & Mixed Use
Cervelli tapped to manage eight-building, 131-unit rental portfolio in Hudson, Bergen

The owners of 131 apartments in Hudson and Bergen counties has hired Cervelli Real Estate & Property Management to oversee the eight-building portfolio.

Government & Public Policy
Evans, key Trenton business leader, outlines goals as new chair of downtown association

A top executive with Greater Trenton, the nonprofit economic development organization in the city, has taken the reins as board chair of the Trenton Downtown Association.