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.

Office

SJP, Scotto top out first of two buildings at M Station project in Morristown

The first phase of a new high-end office and retail development in downtown Morristown is on track to open later this year after recently reaching a construction milestone.

Retail

Marcus: Mixed-use Morristown property sells for $1.6 million

A private investor has sold a mixed-use property in Morristown for more than $1.5 million, according to a brokerage team with Marcus & Millichap.

Retail

Larken inks 1,100 sq. ft. lease with longtime restaurant tenant in Springfield

A restaurant is staying in place in Union County after a change in ownership, having signed a new lease for nearly 1,100 square feet with Larken Associates.

Got a feeling ’21 is (going to) be a good year

As we seem to be nearing the final stages of the global pandemic with more people getting vaccinated, federal stimulus monies pouring into our state and a new federal administration that is much more friendly to New Jersey, many of us are feeling that 2021 is going to be a good year.

Industrial

NAI Hanson inks sale of 11,000 sq. ft. industrial building in Bergen County

An investor has acquired an 11,360-square-foot industrial building in Bergen County, in a deal that comes six months after a long-term renewal by the property’s only tenant.

Hospitality & Tourism

Newark Symphony Hall shows off plans for façade, streetscape makeover

Newark Symphony Hall has unveiled designs for an upcoming exterior renovation as part of a five-year, $50 million renovation project to restore the historic venue.

Office

Insurance firm takes 9,500 sq. ft. at Princeton-area building, Mercer Oak says

An insurance firm has leased more than 9,000 square feet of office space in West Windsor, under a newly announced transaction by Mercer Oak Realty.

Industrial

Duke, clothing importer ink 207,000 sq. ft. industrial lease in South Brunswick

Duke Realty Corp. has signed a new industrial lease in South Brunswick, securing a commitment for more than 200,000 square feet from an apparel importer.

Residential & Mixed Use

Baltimore developer touts capital infusion, eyes summer delivery for first New Jersey project

A developer is detailing plans for a new luxury apartment project in Belleville, as it touts a $200 million capital infusion to expand into New Jersey and throughout the East Coast.

Government & Public Policy

EDA to accept applications for reopened residential ERG program starting June 1

Residential builders seeking tax credits under the state’s relaunched Economic Redevelopment and Growth program can apply for the subsidy starting June 1, officials announced Tuesday.