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.

Professional Services

NAI Hanson welcomes Godau as vice president in Parsippany office

Brian Godau has joined NAI James E. Hanson, where the veteran broker will serve the firm’s roster of owner, occupier and institutional clients.

Russo details plan for new Paramus headquarters, breaks ground on Rahway rental project (SLIDESHOW)

Russo Development has started construction on its new 45,000-square-foot headquarters in Paramus, hailing the project as a new chapter in its nearly 50-year history as it looks to modernize its workspace and support its sprawling portfolio.

Government & Public Policy

Solomon: KRE to add affordable housing to Journal Square project, ending plans for Pompidou museum

KRE Group has officially scrapped plans to house a highly touted museum in its latest Jersey City rental project, opting instead to bring affordable housing and potential community space to the site under an agreement with the city’s new mayor.

Residential & Mixed Use

Investor buys updated 31-unit apartment building in Chatham in $11 million deal by ICON

A private investor has acquired a renovated 31-unit apartment building in Chatham for $11.2 million, brokers with ICON Real Estate Advisors announced Monday.

Office

Calabrese Development buys 9,000 sq. ft. commercial building in downtown Raritan Borough

Calabrese Development Group has acquired a commercial building in Raritan Borough that will serve as its new headquarters while providing long-term redevelopment potential.

People

DeNardo joins Bennett Capital Advisors as chief investment officer

Bennett Capital Advisors has tapped Andrew DeNardo as chief investment officer, bolstering the Holmdel-based team focused on acquiring shopping centers and net-leased investments.

Industrial

Doors and Spaces buys small-bay property in West Berlin, expanding New Jersey portfolio

Doors and Spaces Industrial has made another addition to its portfolio, acquiring a nearly 17,000-square-foot small-bay facility in suburban Camden County.

Events

Retail Reimagined: Join us April 23 as we discuss the future of New Jersey’s iconic malls and other shopping and dining destinations

Join us as commercial real estate leaders explore the future of New Jersey’s retail sector, from major mixed-use developments around legacy malls to food and beverage trends and regulatory changes that loom large for the asset class.

Office

Wilentz signs long-term renewal, plans redesign of Woodbridge headquarters

Wilentz, Goldman & Spitzer PA is staying put at its longtime home in Woodbridge as part of a lease renewal that will come with a major update of its office space.

Retail

Kislak: Longtime owner sells CVS-anchored, 14,000 sq. ft. retail property in Freehold

A private investor has purchased a nearly 14,000-square-foot commercial building in downtown Freehold for $1.95 million, in a newly announced deal by The Kislak Co. Inc.