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.

Government & Public Policy
DIGroup to lead $33 million public school update in Springfield

The Springfield Township school district has tapped DIGroup Architecture to spearhead a series of facility upgrades, following a vote by residents to support a $32.9 million bond issue.

Community
JMF details charitable, community service projects alongside robust development pipeline

JMF Properties is highlighting a focus on charity and community-building alongside a host of recent and upcoming development projects in New Jersey.

Office
JLL named leasing team for Bergen County office building, touting headquarters opportunity

The owner of a Bergen County office building has tapped JLL as its leasing agent, offering 50,000 square feet of contiguous space across the property’s top two floors.

Government & Public Policy
Murphy touts new coalition of 90 mayors supporting push for liquor license reform

Gov. Phil Murphy has lined up support from 90 mayors from across New Jersey as part of his recent push to reform and modernize the state’s Prohibition-era liquor license laws.

Industrial
Bridge Industrial breaks ground on 1 million sq. ft. Perth Amboy logistics campus

Bridge Industrial has broken ground on a project that will add more than 1 million square feet of new warehouse and logistics space to Perth Amboy, while helping to repurpose another once-contaminated site along the city’s waterfront.

Health Care & Education
Plastic surgery practice buys 11,000 sq. ft. East Hanover retail building

A plastic surgery practice is slated to open a new facility in East Hanover after its recent purchase of an 11,000-square-foot retail building in the township.

Retail
Investor buys 12,000 sq. ft. residential, commercial portfolio in Chester

An investor has purchased a combined 11,900 square feet of residential and commercial space in the Morris County borough of Chester, brokers with NAI James E. Hanson announced.

Office
Lee & Associates: Home care provider leases 1,800 sq. ft. in Newark

An in-home care provider has taken some 1,800 square feet of office space in Newark, in a newly announced deal by Lee & Associates New Jersey.

Residential & Mixed Use
Prism debuts clubhouse at new upscale rental project near Dunellen train station

Prism Capital Partners has opened a new amenity-filled clubhouse at its planned 252-unit luxury apartment development in the Middlesex County borough of Dunellen.

Roundtable
How will commercial real estate and health care continue to intersect in 2023 and beyond?

How will commercial real estate and health care continue to intersect in 2023 and beyond? We assembled a panel of industry experts to tackle this month’s question.