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
Accurate breaks ground on 325-unit rental project in Parsippany

Accurate has started construction on a project that will bring 325 new apartments to a 26-acre site in Parsippany, adding to its fast-growing residential portfolio in the region.

Retail
New York investor buys 10,000 sq. ft. Short Hills strip center, Marcus says

A private investor has purchased a strip center in the Short Hills section of Millburn for $7 million, according to brokers with Marcus & Millichap.

Residential & Mixed Use
Fields Grade, Slokker unveil 109-unit second phase of The Mint in Rahway

Fields Grade and The Slokker Group have launched leasing at the second piece of a new luxury apartment development in downtown Rahway, the firms announced Monday.

Government & Public Policy
Newark issues RFQ for builders, nonprofits for new equitable growth housing initiative

The city of Newark has issued a call for experienced contractors, developers and nonprofits for a new program to make housing more affordable and, in the process, expand opportunities for minority- and women-owned firms in real estate.

Residential & Mixed Use
Redevelopment of Parsippany office park comes with multilayered approach to sustainability

The transformation of a suburban office park in Parsippany — one of New Jersey’s most closely watched redevelopment projects — comes with a heavy focus on sustainability, including a plan to seek certification with the U.S. Green Building Council for the entire 45-acre community.

Industrial
LMC: New 78,000-square-foot warehouse coming to Piscataway’s Rutgers Industrial Center

Construction is underway on a new 78,000-square-foot industrial building in Piscataway, in the second speculative project to break ground recently at Rutgers Industrial Center.

Events
Jersey City Summit, high-profile development showcase, set to return May 22

The popular Jersey City Summit is set to return on May 22, marking its eighth year as it prepares to welcome more than 1,000 attendees for the annual real estate industry showcase.

Professional Services
Sheldon Gross announces new corporate sales representative

Sheldon Gross Realty has named a new corporate sales representative after a recent promotion for the West Orange-based firm.

Office
Sanzari adds business law firm to Court Plaza with new 5,900 sq. ft. lease

A business law firm has leased more than 5,900 sq. ft. at Court Plaza, Alfred Sanzari Enterprises’ three-building office complex in downtown Hackensack.

Professional Services
DIGroup celebrates Firm of the Year, merit honors at recent AIA-NJ gala

DIGroup Architecture is celebrating three recent accolades from the American Institute of Architects New Jersey chapter, including the prestigious Firm of the Year Award.