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.

Professional Spotlight
Day Pitney real estate, land use lawyer in New Jersey named partner

An attorney with Day Pitney LLP’s real estate and land use team in New Jersey is now a partner, in one of 11 newly announced promotions across the firm’s East Coast offices.

Retail
Jeffrey Realty to lead North Jersey site selection for growing med spa concept

A franchisee group for VIO Med Spa has tapped Jeffery Realty as its real estate broker for northern New Jersey, as it prepares to open the chain’s first location in the Garden State.

Office
Metal supplier inks 7,000 sq. ft. office lease in Somerville, Deluccia says

A global supplier of ores, metals and alloys has taken more than 7,000 square feet at an office building in downtown Somerville, according to the Deluccia Commercial Group.

Office
Newmark inks new leases, renewal at Bloomfield office park totaling 40,000 sq. ft.

A maker of high-end fitness equipment has leased more than 15,000 square feet of office space in Bloomfield, in one of several newly announced deals by Newmark.

Government & Public Policy
Lions Gate awarded EDA ‘Studio Partner’ designation, boosting tax credit eligibility

Lions Gate Films Inc. has secured a key designation by the state Economic Development Authority, allowing it to secure additional incentives in connection with a sprawling studio complex that’s now under construction in Newark.

Residential & Mixed Use
Jersey City building with 18 apartments, commercial spaces trades for $4.3 million

A private investor has sold an 18-unit apartment building in Jersey City for nearly $4.3 million, brokers with Marcus & Millichap announced last week.

Professional Services
NAI Fennelly rebrands as Fennelly Associates

NAI Fennelly, the longtime commercial real estate services firm based in Hamilton, has announced its rebrand to Fennelly Associates.

Top News
The best of The Briefing 2022

We’re always excited to look ahead to a new year in New Jersey commercial real estate. First, however, please join us in looking back at our top stories of the year, including our most-read items and a few editor’s picks. Happy New Year and best of luck!

Office
JLL: Parsippany office building sells for $88 million, in latest trade of 400,000 sq. ft. property

Signature Acquisitions has added to its suburban office portfolio in New Jersey with its purchase of a well-known, 400,000-square-foot property in Parsippany for $88 million.

Residential & Mixed Use
Blackstone 360 unveils new East Orange apartments alongside existing rental tower

Blackstone 360 has debuted a new 70-unit luxury apartment tower alongside an existing property in East Orange, marking a new phase for its maiden project in the city.