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.

Event Coverage
A changing landscape: Development leaders expect office-to-residential conversions to slow, be reimagined

Some veteran real estate experts are predicting “multifamily fatigue” in the Garden State as towns deal with the latest round of state-mandated affordable housing obligations, potentially reshaping the state’s development scene and the pipeline of residential projects.

Residential & Mixed Use
Donnelly completes 60-unit rental project along NJ Transit rail line in Denville

Donnelly Industries has unveiled a new 60-unit apartment building in Denville, touting a location directly next to a train station and minutes from the town’s popular business district.

Hospitality & Tourism
With World Cup looming, P3 charges ahead with $100 million update of Meadowlands hotel

A developer’s full-scale update of a landmark hotel in East Rutherford is quickly moving ahead with just months to go until MetLife Stadium welcomes the FIFA Men’s World Cup.

Industrial
RRNNJ: Audio tech company leases 17,000 sq. ft. in Mount Olive industrial deal

An audio company has secured 17,000 square feet of industrial space in Morris County, in the largest of two newly announced deals by Resource Realty of Northern New Jersey.

Residential & Mixed Use
Kislak pairs longtime clients, inks sale of Poughkeepsie apartments for $8.4 million

An investor has purchased a 58-unit apartment complex in New York’s Dutchess County for nearly $8.4 million, according to a listing team with The Kislak Co. Inc.

Professional Services
Glussky named assistant vice president in expanded role with Sheldon Gross Realty

Sheldon Gross Realty has promoted Josh Glussky to assistant vice president, expanding his role with the West Orange-based firm after his arrival nearly three years ago.

Government & Public Policy
EDA board approves Weiss, former Newark Alliance leader, as its new CEO

Evan Weiss is set to officially take the helm of the New Jersey Economic Development Authority, following a board vote Wednesday to approve him as its next chief executive.

Industrial
Advance closes construction loan, taps JLL to lease 110,000 sq. ft. Parsippany logistics project

Advance Realty Investors has unveiled plans to bring 110,000 square feet of new industrial space to Parsippany, part of a project that it’s now marketing alongside brokers with JLL.

Residential & Mixed Use
CBRE: Summit Assets sells new 30-unit Maplewood rental property for $13 million

The developer of a new 30-unit luxury apartment building in Maplewood has sold the property for nearly $13 million, according to a listing team with CBRE.

Professional Services
Studio 1200, marking 20th anniversary, named AIA-NJ Firm of the Year

Studio 1200 is starting the year on a high note after winning AIA New Jersey’s Firm of the Year award, a top honor recognizing excellence in design, practice and service to the profession.