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.

Government & Public Policy
Murphy calls for five-year phaseout of liquor license cap, tax credit for existing holders

Gov. Phil Murphy has revealed new details of a proposal to update the state’s decades-old liquor licensing program, seeking to balance new economic growth with the interests of existing operators.

Professional Services
Godun named first-ever director for sustainability at Ware Malcomb

Ware Malcomb has tapped one of its top architects in the region as its director for sustainability, a newly created position for the international design firm.

People
JLL’s Quinn promoted to director with New Jersey debt advisory team

A member of JLL’s debt advisory team in New Jersey is now a director after a recent promotion, one of several moves by the Morristown-based capital markets group.

Office
C&W: Faropoint takes 19,000 sq. ft. at Hoboken’s Waterfront Corporate Center

Real estate investment firm Faropoint will have a new home in Hoboken after leasing nearly 19,000 square feet at the Waterfront Corporate Center complex.

Retail
Produce market fills final vacancy at Burlington shopping center, Vantage Commercial says

A produce market has taken the lone vacancy at a busy Burlington shopping center, in a newly announced deal by Vantage Commercial.

Residential & Mixed Use
Veris Residential adds Madison International, Bozzuto execs as directors

Veris Residential Inc. has tapped top executives with Madison International Realty and Bozzuto Management Co. as its newest independent directors.

Residential & Mixed Use
BNE hires new director of acquisitions, eyeing continued growth in tristate region

BNE Real Estate Group has named a new director of acquisitions, as the family-owned firm looks to build its development pipeline in the tristate area.

Industrial
Electronics maker preleases 30,000 sq. ft. Piscataway warehouse, LMC says

An electronics manufacturer has taken 30,000 square feet at a nearly complete warehouse in Piscataway, in the latest addition to an industrial park near Interstate 287.

Professional Services
Son of late Sheldon Gross Realty founder rejoins firm, as senior vice president

A member of the Gross family has rejoined Sheldon Gross Realty, the West Orange-based firm founded more than 60 years ago.

Office
Nonprofit buys 26,000 sq. ft. Jamesburg office building, Lee & Associates New Jersey says

A former school building in Jamesburg that now houses more than 26,000 square feet of office space has traded for $4.4 million, in a deal arranged by Lee & Associates New Jersey.