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.

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.

Office
Pharma giant AbbVie takes 92,000 sq. ft. at BASF office building in Florham Park

Global pharmaceutical firm AbbVie has leased more than 90,000 square feet in Florham Park, where it will occupy part of the acclaimed BASF North American headquarters building.

Residential & Mixed Use
Fields Grade, Alpine top out 169-unit multifamily tower in Jersey City

Developers have completed vertical construction of what will become the tallest building in Jersey City’s burgeoning Bergen-Lafayette neighborhood near Liberty State Park.

Professional Services
WCRE adds broker focused on growth in Atlantic City region

Wolf Commercial Real Estate has hired a new senior adviser to support its growth in and around Atlantic County, the Marlton-based firm announced.

Professional Services
DeSimone Consulting acquires Dowco global detailing, BIM services business

A global engineering firm with several key projects in New Jersey is set to expand its platform as part of an acquisition announced earlier this month.

Community
Sanzari Family Foundation awards 13 new grants totaling $50,000

The Alfred N. Sanzari Family Foundation has announced a combined $50,000 in grants under its latest round of funding for nonprofits in northern New Jersey.

Residential & Mixed Use
Marcus New Jersey team helps broker sale of 57-unit rental complex in Raleigh

A private investor has sold a 57-unit apartment complex in Raleigh, North Carolina, for nearly $10 million, according to a broker in Marcus & Millichap’s New Jersey office.

Residential & Mixed Use
Developer set for spring groundbreaking for 43-unit Guttenberg rental project

A joint venture is planning a spring groundbreaking for a project that will bring 43 new apartments to the small town of Guttenberg in Hudson County.