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
Developers break ground on 40-unit rental project next to upscale Montclair hotel

The developers of the upscale MC Hotel in Montclair have broken ground on a new 40-unit apartment building that will rise adjacent to the downtown property.

Hospitality & Tourism
TFE sells Toms River hotel amid several recent deals

TFE Properties has sold a hotel in Toms River after more than three decades, citing interest from buyers seeking to convert part of the property to commercial space.

Office
Two tenants lease a combined 6,500 sq. ft. at Montvale medical office building

The owner of a 32,000-square-foot medical office building in Montvale has attracted two new tenants to the property, according to a leasing team with JLL.

Office
Law firm takes 6,600 sq. ft. in Paramus office deal, C&W says

A law firm has leased nearly 7,000 square feet at a renovated office building in Paramus, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
Private Lender Law details joint venture with digital platform Mortgage Automator

The Marlboro-based practice known as Private Lender Law is teaming with a digital loan management platform in a bid to further streamline its closing services for clients.

Office
Clinical researcher expanding, moving to AEP-owned office space in Warren, JLL says

A clinical trial company is expanding and relocating to a Warren office building under a lease with American Equity Partners, in a newly announced transaction by JLL.

Industrial
BRC inks 63,000 sq. ft. lease in Metuchen with Seagis, trucking company

Seagis Property Group has secured a new commitment at a Metuchen industrial building, where a trucking company is leasing nearly 63,000 square feet.

Professional Services
JRM serving as general contractor for Ferrari North America renovations in Englewood Cliffs

Ferrari North America has tapped JRM Construction Management as its general contractor for an overhaul of its longtime facility in Englewood Cliffs.

Health Care & Education
Oral surgery practice set to open in newly sold, 10,000 sq. ft. medical office condo in Paramus

A medical office condominium in Paramus has changed hands and is set to become the home of a new oral surgery practice, brokers with NAI James E. Hanson announced Thursday.

Events
Multifamily construction starts tick downward, but panelists express long-term optimism

Rising interest rates are weighing on New Jersey’s multifamily pipeline, at least in the near term, but have seemingly not dampened the longer outlook for new construction.