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.

Residential & Mixed Use
Newark building with 11 apartments, retail space wins planning board approval, Taylor says

A developer has secured a key local approval for a planned 11-unit apartment building in downtown Newark, according to a team with Taylor Architecture & Design.

Office
NAI DiLeo-Bram inks office building sales in Cranford, Union

A veterinary practice has purchased a 2,800-square-foot office building in Cranford, in one of two newly announced deals by NAI DiLeo-Bram & Co.

Office
Connell debuts bike share program at sprawling Berkeley Heights business campus

The Connell Co. has launched a new bike share program at its flagship business campus in Berkeley Heights, the latest piece of its plan to revamp the 185-acre property.

Finance & Capital Markets
Citizens to acquire Investors Bancorp for $3.5 billion

Citizens Financial Group Inc. has agreed to acquire Investors Bancorp Inc., the Short Hills-based lender and a major player in recent years in New Jersey commercial real estate finance.

Industrial
Packaging, logistics firm takes 118,000 sq. ft. at Piscataway industrial park

A packaging and logistics company has leased nearly 120,000 square feet of industrial space in Piscataway, under a newly announced transaction by JLL.

Office
New 72,000 sq. ft. flexible workspace offering coming to Bell Works

Somerset Development is seeking to lure medium-sized businesses to its Bell Works complex, unveiling plans to create 72,000 square feet of flexible workspace at the Holmdel property.

Residential & Mixed Use
Gebroe-Hammer rides multifamily momentum, inks $917 million in first-half sales

Investor demand for New Jersey apartments has only intensified, fueling nearly $1 billion in multifamily sales by Gebroe-Hammer Associates in the first half of 2021.

Finance & Capital Markets
Red Bank: JLL sources $11 million loan for Denholtz-owned office buildings

Denholtz Properties has secured more than $11 million to refinance a two-building office portfolio in Red Bank, in a newly announced transaction by JLL.

Residential & Mixed Use
C&W inks sale of 21-unit Newark apartment building

A private buyer has paid more than $2.1 million for a 21-unit apartment building in Newark, under a deal arranged by Cushman & Wakefield.

Office
Point-of-sale software firm signs 9,200 sq. ft. renewal in Pearl River, NAI Hanson says

A software company has renewed its lease for more than 9,000 square feet at a sprawling office park just outside northern New Jersey, the site of its headquarters for more than 15 years.