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
Former Dermody exec Preston joins BBX Logistics advisory committee

Gene Preston, the former Dermody Properties executive and NAIOP New Jersey president, has joined the advisory committee of a Fort Lauderdale, Florida-based industrial developer.

Professional Services
PS&S opens new office in Cherry Hill, its longtime South Jersey home

PS&S has opened the doors to its new office in Cherry Hill, where it will continue to serve longtime clients in southern New Jersey and the Delaware Valley.

Retail
Chip City plans continued growth after recent North Jersey store openings

Gourmet cookie chain Chip City is eyeing some two dozen additional locations this year after opening three new stores in New Jersey since late January alone.

Government & Public Policy
Atlantic City: Developer, city officials sign MOU for $3 billion Bader Field redevelopment

A developer has taken a key step in a bid to transform Atlantic City’s Bader Field, signing a memorandum of understanding with city officials in connection with a nearly $3 billion proposal that includes housing, retail and a racetrack.

Residential & Mixed Use
JMF unveils new 125-unit luxury rental property in Morris Plains

JMF Properties has opened the doors to a collection of 125 upscale apartments in Morris Plains, where renters will be a short walk from the borough’s downtown and train station.

Industrial
Zimmel: New ground-up 55,000 sq. ft. warehouse coming soon to Hillsborough

Adoni Property Group is set to deliver nearly 55,000 square feet of new industrial space in Hillsborough, having tapped Zimmel Associates as its leasing team for the building.

Professional Services
Langan announces three associate-level promotions in Parsippany

Three members of Langan’s Parsippany-based team are among two dozen to be promoted recently by the engineering and environmental services firm.

Retail
Family sells Burlington County strip center for $1.2 million, Rose Commercial says

A local restauranteur has acquired a nearly 14,000-square-foot strip center in the Burlington County township of Tabernacle, in a deal arranged by Rose Commercial Real Estate.

Professional Services
Newmark Associates details three recent sales team hires

Newmark Associates has announced three recent additions to its Morris County-based team of commercial real estate brokers.

Residential & Mixed Use
Hampshire debuts Morristown apartment building with remote work focus, supportive housing (SLIDESHOW)

The Hampshire Cos. has unveiled a new 85-unit luxury apartment building in Morristown, with a design that caters to remote workers and more than a dozen homes reserved for residents with special needs.