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
EDA: Applications open for Emerge program, successor to key jobs-based tax incentive

The state Economic Development Authority is now accepting applications for the jobs-based tax incentive known as Emerge, the long-awaited successor to the Grow New Jersey program.

Industrial
Duke Realty adds assistant vice president of acquisitions in New Jersey

Duke Realty Corp. has made another addition to its New Jersey team with the hiring of an assistant vice president of acquisitions.

Industrial
JLL inks $17 million loan package for Denholtz portfolio in Toms River, Lehigh Valley

Denholtz Properties has secured nearly $17 million to refinance a six-building industrial portfolio in Ocean County and Pennsylvania’s Lehigh Valley, brokers with JLL said.

Retail
Burlington County retail center trades for $5 million, Marcus says

A private buyer has paid nearly $5 million for a retail center in the Burlington County township of Riverside, according to brokers with Marcus & Millichap.

Retail
Burrito chain inks five new leases among recent deals by Pierson Commercial

A fast casual chain serving burritos and other Mexican-style items is adding five new locations in and around New Jersey, in a series of recent transactions by Pierson Commercial.

Events
NAIOP New Jersey to honor Klatskin, renames lifetime achievement award in father’s honor

NAIOP New Jersey has renamed its prestigious Lifetime Achievement Award in memory of the late Charles Klatskin, the pioneering developer and founder of Forsgate Industrial Partners, with plans to bestow the honor on his son at the association’s largest annual event.

Professional Services
Colliers adds former Transwestern market leader in New Jersey as executive managing director

Colliers International has added to its New Jersey leasing team with the hiring of a veteran broker and former leader of Transwestern’s office in the state.

Residential & Mixed Use
CHA, city officials mark debut of apartments, redevelopment of ex-hospital site in Plainfield

CHA Partners has unveiled a new 120-unit luxury apartment building in Plainfield, part of a master-planned redevelopment of the city’s former Muhlenberg Regional Medical Center.

Residential & Mixed Use
Developer, city officials detail additional plans for Newark stadium redevelopment

A developer and Newark city officials are offering new details about a plan to revitalize a former stadium property, including a focus on affordable housing and the use of union labor.

Office
Larken to build 19,000 sq. ft. of new office space at Branchburg site

Larken Associates has unveiled plans to build a new 19,000-square-foot professional and medical office building at an existing property in Somerset County.