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
Ladell named chair of Rutgers Center for Real Estate

The Rutgers Center for Real Estate has named longtime New Jersey development executive Ron Ladell as the next chair of its executive committee and advisory board.

Professional Services
NAI Hanson bolsters leadership team with two promotions

NAI James E. Hanson has promoted Sigmund Schorr to senior vice president and Joseph Vindigni to vice president, the Teterboro-based real estate services firm announced.

Retail
Zoltek Commercial inks deals on redevelopment projects in Wood-Ridge, East Orange

Zoltek Commercial Real Estate Services has negotiated closings on redevelopment properties in Wood-Ridge and East Orange.

Top News
Azarian scores four-building property management assignment in Hudson County

Azarian Realty Co. has secured a four-building property management assignment in Hudson County for mixed-use properties totaling 27,433 square feet, including 29 residential units and three commercial units.

Residential & Mixed Use
Developers unveil amenities, hit leasing milestone at 99-unit Journal Square rental building

The developers of a new 99-unit luxury apartment building in Jersey City are touting a leasing milestone and the debut of the property’s indoor amenity spaces.

Deals
Treetop buys medical office building, development sites in Bridgewater for $27 million

Treetop Development has acquired three properties in Bridgewater for $27 million, adding a medical office building and two adjacent lots that it hopes to develop as industrial space.

Retail
REIT sells West Long Branch retail center for $63 million, Marcus & Millichap says

A real estate investment trust has sold a nearly 300,000-square-foot power center in West Long Branch for $63 million, brokers with Marcus & Millichap announced Wednesday.

Office
GHP sells 105,000 sq. ft. Rochelle Park office building for $18 million

The longtime owner of a 105,000-square-foot office building in Rochelle Park has sold the property for $17.8 million, in a newly announced deal by Cushman & Wakefield.

Office
Sanzari: Tech firm outgrows co-working space, inks new lease at Glenpointe

A technology firm is expanding at the Glenpointe campus in Teaneck, signing a new lease with Alfred Sanzari Enterprises after starting at the property’s recently launched co-working space.

Retail
SuperFresh takes 25,000 sq. ft. in Clifton, in one of four CBRE-brokered deals

Grocery chain SuperFresh has signed a new 25,000-square-foot lease in Clifton, in one of several newly announced retail deals by CBRE.