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.

Retail

Hackensack Meridian takes 46,000 sq. ft. for Monmouth outpatient center, Brunelli says

Hackensack Meridian Health has leased nearly 46,000 square feet at a Monmouth County retail center, in the largest of several newly announced deals by R.J. Brunelli & Co.

People

Judd, former C&W New Jersey leader, joins JRT Realty Group

The former head of Cushman & Wakefield’s New Jersey region has landed a new job, joining a Manhattan-based commercial real estate services firm as its chief operating officer.

Government & Public Policy

NJ Transit seeking proposals from four finalists in 12-acre Metropark redevelopment

State officials are seeking pitches from companies that have shown an interest in redeveloping 12 acres directly adjacent to the busy Metropark transit hub in Woodbridge.

Office

C&W brokers Warren office lease with Senlac, financial services firm

A financial services firm is taking nearly 19,000 square feet of office space in Warren, under a deal arranged by brokers with Cushman & Wakefield.

Industrial

Family business expands, takes 16,000 sq. ft. in East Rutherford, NAI Hanson says

A provider of packaging, retail and janitorial supplies has leased more than 16,000 square feet of industrial space in East Rutherford, in a newly announced deal by NAI James E. Hanson.

Deals

CBRE inks sale of self-storage development site in Montclair

A new self-storage facility is coming to Montclair after a developer’s purchase of about three-quarters of an acre near the downtown, brokers with CBRE announced Thursday.

Industrial

CBRE: Logistics firm takes 607,000 sq. ft. at new Bridge industrial park in Warren County

A logistics firm has committed to more than 600,000 square feet of industrial space in Phillipsburg, marking the latest tenant at a sprawling new campus along Interstate 78.

Policy Page

CRE sentiment rises, but weighed down by construction cost challenges

Improving economic conditions have led to an improvement in the NAIOP CRE Sentiment Index, indicating both overall optimism and several ongoing concerns. However, respondents are now more pessimistic about construction costs than in any prior survey, and most expect construction labor costs to increase.

Professional Services

DMR celebrates 30th anniversary with launch of charitable foundation

DMR Architects has launched a new foundation to help mark its 30th anniversary, paving the way for community service such as collecting food and lunch items for local students.