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.

Industrial
Vantage Commercial: Cheer camp signs five-year, 8,000 sq. ft. lease in Gloucester Twp.

A cheerleading camp has signed a five-year lease at a newly available flex building in Gloucester Township, according to a brokerage team with Vantage Commercial.

Professional Services
Cervelli lands new property management assignment for Englewood portfolio

An owner in downtown Englewood has tapped Cervelli Real Estate & Property Management to manage a three-building portfolio with 19 apartments and four retail spaces.

Industrial
CBRE: New Jersey industrial leasing ticks up in Q1, even as owners tread lightly

Demand for industrial space remains healthy in New Jersey, even as owners and occupiers take a more cautious approach that could impact new construction in the months ahead.

Retail
Bed Bath & Beyond to wind down operations after filing for Chapter 11 bankruptcy protection

Bed Bath & Beyond is winding down its business after announcing Sunday that it has filed for Chapter 11 bankruptcy protection, while leaving the door open for a limited sale of its assets.

Residential & Mixed Use
Marcus inks $2 million sale of 17-unit Irvington apartment building

A private investor has purchased a 17-unit apartment building in Irvington for more than $2 million, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
Bennett Realty taps Heller to lead new multifamily advisory team

Bennett Realty & Development is expanding its advisory platform in New Jersey with a newly hired director of multifamily.

Residential & Mixed Use
Investors sell West New York rental property for $1.1 million, Cervelli says

An investment firm has sold a seven-unit apartment building in West New York for more than $1.1 million, according to Cervelli Real Estate and Property Management.

Government & Public Policy
Perth Amboy making new push for planning, redevelopment around key city properties

With new leadership in place, officials in Perth Amboy say redevelopment of both the city’s waterfront and its commercial district will be a priority, following years of fits and starts that have hindered large-scale progress in the community.

Professional Services
NAI Hanson hires Kocur as senior vice president of corporate services

NAI James E. Hanson has added a veteran broker with global experience as a senior vice president of corporate services.

Government & Public Policy
RPM, Solar Landscape mark Earth Day while showcasing Avenel community solar project

Support for one of New Jersey’s fastest-growing clean energy programs was on display this week, as advocates toured a so-called community solar project at a warehouse in Woodbridge.