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.

Guest Columns
The ‘builders’ remedy’ strategy — and why it’s flawed

The “builders’ remedy” method, as an approach to solving New Jersey’s affordable housing crisis, is having a devastating impact across the Garden State. Many other options exist, options that should be squarely on the table. A shining example of these options is the construction of special needs and workforce housing, to name just some.

Health Care
Vital investments: Landmark cancer center in New Brunswick is ‘just the beginning’ of broader real estate, facilities strategy by RWJBarnabas

The new Jack and Sheryl Morris Cancer Center is the centerpiece of a massive investment in RWJBarnabas Health’s physical footprint — one that’s ongoing — highlighting the increasingly important role of ground-up development in New Jersey’s health care sector.

Industrial
Profeta breaks ground on 300,000 sq. ft. expansion of existing 400,000 sq. ft. warehouse for consumer goods giant

An affiliate of Paul V. Profeta & Associates Inc. has broken ground on a project that will add nearly 300,000 square feet to a major industrial facility it already owns in the Southeast.

Residential & Mixed Use
JCMLiving debuts 295 rentals at landmark Wesmont Station district in Wood-Ridge

JCMLiving has completed a new 295-unit apartment building in Wood-Ridge, marking the final residential phase in the sweeping Wesmont Station project that spans nearly two decades.

Industrial
DH Property Holdings, DRA buy 273,000 sq. ft. Delanco warehouse for $31 million

DH Property Holdings LLC and DRA Advisors LLC have acquired a 273,000-square-foot industrial building in Burlington County for $30.5 million.

Residential & Mixed Use
JLL tapped to sell 98-unit apartment building near Asbury Park oceanfront

The owner of a 98-unit apartment building near the famed Asbury Park boardwalk is seeking a buyer for the property, according to a listing team with JLL.

Retail
Longtime retail leasing, development executive Casiero joins Bennett Realty

Bennett Realty & Development has hired Dan Casiero as vice president of leasing and redevelopment, the Holmdel-based firm announced Thursday.

Professional Services
Vericon Construction marks 20 years in business, with growing national footprint

Vericon Construction is marking its 20th anniversary, boasting a track record of more than 4,000 projects with a combined value of more than $2.2 billion.

Residential & Mixed Use
Russo, Pulte complete deal for 136-unit townhome development site in Kearny

Russo Development has sold a parcel in Kearny with approvals in place for 136 luxury townhomes along the Passaic River, brokers with JLL announced Wednesday.

Professional Services
Studio 1200 promotes architects Burke, Gasbarro

Studio 1200 has elevated Kate Burke to senior associate and studio director and Marissa Gasbarro to associate, touting their roles in the design firm’s growing pipeline.