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
CBRE: Harborside 5 and 6 listed for sale as Veris continues to prune Jersey City campus

Veris Residential Inc. is seeking a buyer for two additional pieces of its Harborside campus in Jersey City, following news that it was under contract to sell its three flagship office buildings at the property for $420 million.

Events
Hundreds turn out as NAIOP New Jersey honors industry titans, contributors

NAIOP New Jersey welcomed a crowd of 300 for its annual President’s Awards and Hall of Fame Dinner, honoring eight commercial real estate industry leaders spanning multiple generations, in one of the association’s most popular events of the year.

Office
C&W: Telecom hardware, medical device manufacturers ink leases at Parsippany office campus

Seven tenants have leased a combined 90,000 square feet at a Parsippany office campus, in a series of newly announced transactions by Cushman & Wakefield.   

Residential & Mixed Use
Walters marks Sandy anniversary, kicks off 67-unit redevelopment on Brick barrier island

Walters has broken ground on a project that will bring 67 new homes to Brick Township, helping revitalize a stretch of the town’s barrier island section that was ravaged by Hurricane Sandy.

People
FNRP names executive chairman, chief investment officer in two C-suite moves

First National Realty Partners has named a new executive chairman and chief investment officer after a promotion and a new hire on its Red Bank-based team.

Office
Denholtz sells 55,000 sq. ft. Bernardsville office building, C&W says

Denholtz Properties has sold a nearly 55,000-square-foot office building in Somerset County, in a newly announced deal by Cushman & Wakefield.

Professional Services
JLL taps longtime team member as associate focused on multifamily investment sales

A longtime member of JLL’s New Jersey capital markets practice is now an associate with the Morristown-based team.

Retail
Florham Realty: Staten Island tile distributor to open in Manasquan, leasing 2,000 sq. ft.

A tile distributor is opening its first New Jersey location after leasing 2,000 square feet in Manasquan, according to a brokerage team with Florham Realty Group.

Retail
Vantage Commercial: Five tenants join West Deptford retail center, with updates still to come

The owner of a soon-to-be-updated shopping center in Gloucester County has secured five new tenants for the property, according to a team with Vantage Commercial.

Finance & Capital Markets
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.