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.

Officials, developers break ground on $24M affordable housing project in Woodbridge

Construction is underway at what will be a new low- and moderate-income residential community in Woodbridge, replacing a former 1950s-era public housing complex.

NJIT, public officials celebrate $86M renovation project at Newark campus

A former high school in Newark has found new life as a New Jersey Institute of Technology academic and research building, following an $86 million renovation that the university unveiled Thursday.

Totowa properties are latest industrial acquisitions for Sitex

Sitex Group has acquired two industrial properties totaling 180,000 square feet in Totowa, adding to its portfolio of infill warehouses and distribution centers in North Jersey.

Procida lends $7.65 million for townhome project

Procida Funding LLC has closed a $7.65 million construction loan for a planned 12-unit townhome project in Brooklyn, the Englewood Cliffs-based firm announced.

NAIOP announces winner of student competition for Trenton redevelopment site

A team from Villanova University took the top honors and a $5,000 prize in a recent competition held by NAIOP New Jersey, where students from area schools offered their vision for redeveloping a historic manufacturing site in Trenton.

JLL: Office space continues to tighten in South Jersey

A new market report by JLL found that office vacancy in southern New Jersey is at an all-time low, following a first quarter that saw the region outperform greater Philadelphia as a whole.

Colleagues remember Arthur Greenbaum, a dean of New Jersey real estate law

Arthur M. Greenbaum, a beloved figure and fixture in New Jersey’s real estate and legal communities for more than 60 years, died Tuesday. He was 91.

Marcus & Millichap brokers retail sale in Elizabeth

A private investor has acquired a 16,208-square-foot retail property in Elizabeth, in a $2.65 million deal brokered by Marcus & Millichap.

Goldstein Group touts more than 20K sq. ft. in recent retail leases

AT&T has leased nearly 8,000 square feet at a location on Route 22 in Watchung, one of several recent retail deals arranged by brokers with The Goldstein Group.

Getting on track: Successful rental project, flood control measures spur new interest in Bound Brook

A successful rental project is one of two driving forces that now have Bound Brook ready to move ahead with a long-overdue revitalization of its downtown. The borough, whose Main Street has a history of being pummeled by surges from major storms, marked the completion last year of a $143 million flood control project — meaning downtown business and property owners no longer need to spend thousands of dollars on flood insurance.