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

JMF eyes early 2023 debut for 125-unit Morris Plains rental building

A new luxury apartment building by JMF Properties is nearing completion in Morris Plains, where plans call for 125 units and a new connection to the borough’s downtown.

Marchetto Higgins Stieve Architects rebrands, touts growing pipeline of high-rise projects

MHS Architecture’s portfolio of high-rise projects in New Jersey includes Liberty Harbor Development’s 33-story 88 Regent project in Jersey City. — Courtesy: MHS Architecture By Joshua Burd One of the state’s best-known design firms for multifamily and mixed-use projects has…

Government & Public Policy

NJ Transit wins grant to study development along planned Hudson-Bergen Light Rail extension

NJ Transit has secured nearly $600,000 in federal funds to study development prospects along what would be the long-awaited, nine-mile extension of the Hudson-Bergen Light Rail.

SJP, PGIM unveil new rooftop terrace to complete overhaul of Park Avenue office tower

SJP Properties and PGIM Real Estate have completed a major renovation of a 300,000-square-foot office and retail building in Midtown Manhattan.

Goldstein Group inks sale of 17,000 sq. ft. car dealership property

A high-end car dealership has purchased a 17,400-square-foot commercial building on Route 1 South in Edison, brokers with The Goldstein Group announced Monday.

Indoor park operator Sky Zone plans new locations in North Bergen, Rutherford

Indoor active entertainment company Sky Zone has announced plans to open new park locations in North Bergen and Rutherford.

Residential & Mixed Use

Richman Group closes new affordable housing tax credit funds totaling $450 million

The Richman Group Affordable Housing Corp. has raised $450 million in new equity financing across three institutional investor funds focused on affordable housing tax credits.

Big energy: How fast-growing Solar Landscape became a force in New Jersey commercial real estate

Solar Landscape has become a key player with a visible presence in New Jersey’s commercial real estate industry, having leased more than 20 million square feet of rooftop space for its solar projects.

Residential & Mixed Use

Spencer closes $9 million loan for 58-unit Hackensack rental building

Spencer Savings Bank has originated $9 million in financing to the owner of a 58-unit apartment building in Hackensack, the lender announced recently.

Azarian: Co-working concept takes 1,500 sq. ft. at North Brunswick lifestyle center

A co-working concept has leased nearly 1,500 square feet to join the tenant mix at a North Brunswick retail center, in a newly announced deal by Azarian Realty Co.