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
DMR touts completion of bank’s new 40,000 sq. ft. office space in Parsippany (SLIDESHOW)

A growing regional bank has opened the doors to a new 40,000-square-foot office space in Parsippany, in a project designed by DMR Architects.

Industrial
Bayonne: LEG eyes start of 886,000 sq. ft. UPS facility after imploding historic buildings

Lincoln Equities Group has completed its demolition of two historic, bomb-proof buildings in Bayonne, paving the way for the construction of a massive new distribution center for UPS.

Industrial
Tenant leases 22,000 sq. ft. for warehouse, headquarters space in Linden, BRC says

An industrial user has taken more than 22,000 square feet in Linden, under a newly announced deal by Bussel Realty Corp.

Office
Cherry Hill office, lab building changes hands in latest Vantage Commercial deal

A waterproofing and building repair business has acquired an office and laboratory building in Cherry Hill, brokers with Vantage Commercial announced last week.

Events
Atlantic Builders Convention returning to Atlantic City, with registration now open

The Atlantic Builders Convention is coming back to Atlantic City, marking the return of one of the region’s largest events after last year’s statewide shutdown due to the pandemic.

Retail
Clifton approves zoning for ‘limited’ retail uses at Prism’s ON3 campus

Prism Capital Partners has secured another key entitlement for its ON3 campus, allowing it to bring uses such as restaurants and small shops to the Clifton portion of the property.

Professional Services
Genova Burns adds new associates in real estate, employment law groups

Genova Burns LLC has named a new associate in its real estate practice group, in one of two newly announced hires for the Newark-based law firm.

Industrial
IDI names new Northeast market officer

IDI Logistics has named a new market officer for its Northeast portfolio.

Finance & Capital Markets
Kennedy Funding inks $3 million land loan, using Caribbean parcel as collateral

Kennedy Funding has closed $3 million in financing to the owner of a private residential development site in the Hamptons.

Government & Public Policy
Murphy signs bill to end eviction ban, providing new protections for renters

Gov. Phil Murphy on Wednesday took a key step toward phasing out the state’s moratorium on residential evictions, signing a bill to do so while providing relief to both renters and landlords.