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
AvalonBay marks debut of 374-unit Somerville apartment community

AvalonBay Communities has unveiled its new 374-unit luxury apartment property in Somerville, where it’s anchoring a master-planned project adjacent to the borough’s train station.

Residential & Mixed Use
Gebroe-Hammer inks sale of 53 apartments in Passaic, Paterson in deals totaling $9.8 million

An investor has purchased a 23-unit apartment building in Passaic for $4.5 million, in the largest of three newly announced deals in the region by Gebroe-Hammer Associates.

Retail
JLL: Five retailers take 11,000 sq. ft. in Westfield, as remote workers boost foot traffic

A stretch of downtown Westfield is seeing a spike in retail leasing amid increased traffic from remote workers in the bedroom community, according to brokers with JLL.

Government & Public Policy
RPM lands $29 million Aspire tax credit for redevelopment of historic Trenton property

A plan to bring 120 new apartments to a historic property in Trenton is moving ahead with the help of more than $29 million in tax credits under the state’s Aspire program.

Residential & Mixed Use
Tulfra tops out 160-unit rental project in Rochelle Park, eyes spring 2024 delivery

Tulfra Real Estate is planning a spring 2024 delivery of a new 160-unit luxury apartment complex in Rochelle Park, where it recently completed vertical construction.

Professional Services
Lebanon-based Frey Engineering acquired by Liberty Environmental

Frey Engineering, a Lebanon-based environmental engineering and consulting firm, is under new ownership after joining forces with Liberty Environmental Inc.

Retail
Event business leases 2,600 sq. ft. at Woodbridge strip center, Azarian says

An event company has taken more than 2,600 square feet at a Woodbridge shopping center, in a newly announced deal by Azarian Realty Co.

Office
Chilmark named leasing agent for 132,000 sq. ft. Secaucus office building

The owner of a 132,000-square-foot office building in Secaucus has tapped Chilmark Real Estate Services as its leasing agent for the property.

Office
Hoboken: Boutique office building now fully leased after acquisition by Maridian Properties

The owner of a historic office and retail building in Hoboken has brought it to full occupancy, following its recent acquisition and renovation of the nearly 23,000-square-foot property.

Residential & Mixed Use
Hornrock, GTIS unveil 221-unit rental project at ‘gateway’ to downtown Hackensack

A development team has completed a new 221-unit luxury apartment building in Hackensack, part of a two-phase project that has activated a key parcel on the city’s eastern edge.