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.

Residential & Mixed Use
Claremont completes sale of 240-unit Park Ridge property to Veris Residential

A development team has completed its sale of a new 240-unit luxury apartment building in Park Ridge, commanding $130 million for the property in a deal with Veris Residential Inc.

Residential & Mixed Use
Developer sells 15-unit Cliffside Park apartment building for $6.5 million, Veerman says

The developer of a 15-unit apartment building in Cliffside Park has sold the property for $6.5 million, in a newly announced deal by Veerman Asset Management.

Office
Cosmetics firm takes 16,000 sq. ft. at Glenpointe for new U.S. headquarters, Sanzari says

A global cosmetics company is bringing its U.S. headquarters to the Glenpointe campus in Teaneck after a newly completed lease with Alfred Sanzari Enterprises.

Industrial
Blau & Berg inks purchase, lease of Linden trucking facility

The site of a warehouse and truck trailer storage facility in Linden has attracted a new tenant after recently changing hands, in a series of deals by The Blau & Berg Co.

Top News
Procida joins developer, local officials to unveil final phase of Northvale condos

Paris Square at 199 Paris Ave. in Northvale — Courtesy: Procida Funding By Joshua Burd A development team has marked the long-awaited completion of an age-restricted, 111-unit condominium complex in the Bergen County borough of Northvale. Procida Funding, a lender…

Deals
Therapist acquires 2,400 sq. ft. property in Monmouth County, Sheldon Gross says

114 Route 34 in Matawan — Courtesy: Sheldon Gross Realty By Joshua Burd A mental health therapist has purchased a 2,400-square-foot property in Matawan for $360,000, according to a brokerage team with Sheldon Gross Realty. In a news release, the…

Residential & Mixed Use
Jersey City approves redevelopment, affordable housing pact for first phase of Bayfront

Plans to transform Jersey City’s massive Bayfront property took a key step forward this week with the approval of a redevelopment agreement for the first phase, a proposed 209-unit building with more than a third of its apartments reserved for lower-income renters.

Industrial
CBRE inks $15 million sale of 91,000 sq. ft. industrial park, development site in Freehold

An industrial buyer has added six buildings in Freehold totaling nearly 91,000 square feet, part of a $15.2 million deal announced Wednesday by CBRE.

Residential & Mixed Use
CHA unveils 66-unit luxury apartment building in downtown Wharton

Development firm CHA Partners has taken the wraps off a new 66-unit luxury apartment building in Morris County, touting a downtown location that is minutes from mass transit.

Retail
Net-leased Mavis Discount Tire store in Howell trades for $2.8 million, Marcus says

A private investor has purchased the site of a Mavis Discount Tire store in Monmouth County for $2.8 million, in a newly announced deal by Marcus & Millichap.