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.

Industrial
Prologis adds 8.3 million sq. ft. in New Jersey, with more to come after Duke Realty deal

Prologis Inc. has added more than 8 million square feet of industrial space in New Jersey with its newly completed acquisition of Duke Realty Corp., with nearly 3 million square feet still to come via development in progress and buildable land sites.

Finance & Capital Markets
PGIM Real Estate commits $150,000 to nonprofits focused on racial equity, social justice

PGIM Real Estate has announced several new partnerships aimed at bolstering the firm’s commitment to supporting racial equity and social justice in the U.S.

Top News
Plan for 1.2 million sq. ft. studio, hospitality complex in Carteret wins key approval

A sprawling project that would bring film and television studios, hotel rooms and restaurants to a former industrial site in Carteret is moving forward after securing a key local approval.

Industrial
STRO acquires 45,000 sq. ft. Fairfield industrial building

The STRO Cos. has bolstered its holdings in Fairfield with the acquisition of a 45,000-square-foot industrial building off Route 46.

Industrial
Partnership sells 5.6-acre industrial storage site near Port Newark, C&W says

A joint venture has sold a 5.6-acre industrial outdoor storage property in Newark, brokers with Cushman & Wakefield announced Monday.

Industrial
High-end self-storage facility opens in Woodbridge, Tokarski Millemann Architects says

A new 126,000-square-foot self-storage facility has come to Woodbridge as part of a project team that includes Wall-based Tokarski Millemann Architects, the firm announced.

Residential & Mixed Use
W&D: Luxury apartment building near Harrison PATH train on the market for sale

Russo Development is seeking a buyer for a nearly 400-unit luxury apartment property in Harrison, under a newly launched offering by Walker & Dunlop.

Features
Nonprofit eyes rehab, expansion of Trenton home as permanent hub for living and learning

A nonprofit serving marginalized high school girls in Trenton has purchased a three-story house in the city that it now hopes to renovate into a permanent dwelling for the organization, one that would nearly quadruple its student population, while bringing its team of educators and administrators under one roof.

People
Two attorneys join McManimon Scotland redevelopment group as associates

By Joshua Burd McManimon, Scotland & Baumann LLC has announced two new additions to its team of redevelopment attorneys. Based in Roseland, the firm said Brandy Herfort joins its practice as an associate after clerking for Superior Court Judge Lisa…

Retail
Wendy’s adds 3,300 sq. ft. location in Hudson County, Goldstein Group says

Wendy’s has signed a new lease along a key commercial corridor in Hudson County, in one of three newly announced deals by The Goldstein Group.