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
Commvault to sell Fort Monmouth headquarters for $40 million, lease back ‘small footprint’

Data management giant Commvault is selling and leasing back a fraction of its 275,000-square-foot headquarters in the Tinton Falls section of Fort Monmouth, it said this week.

Residential & Mixed Use
Trammell Crow taps Adamo as senior vice president for Northeast multifamily business

Trammell Crow Co. has named a new senior vice president to help grow its multifamily development pipeline in the tristate area.

Residential & Mixed Use
Accurate unveils 105-unit luxury rental property in downtown Bound Brook

Accurate has launched leasing at a new 105-unit multifamily property in Bound Brook, in the latest addition to its portfolio and to the borough’s stock of high-end apartments.

Office
Edron Realty sells 45,000 sq. ft. micro-office building in Elizabeth, Gebroe-Hammer says

The longtime owner of a 45,000-square-foot mixed-use building in downtown Elizabeth has sold the property, according to a brokerage team with Gebroe-Hammer Associates.

Office
Zimmel: Logistics firm buys 46,000 sq. ft. Matawan office building as investor-user

A logistics services firm has purchased a 46,000-square-foot office building in Matawan for $7.6 million, in a newly announced deal by Zimmel Associates.

Office
C&W: Consultant, insurance firm combine for 35,000 sq. ft. at 10 Exchange Place

The owner of a waterfront office building in Jersey City has inked a new lease and a renewal, both for nearly 18,000 square feet, in a pair of deals arranged by Cushman & Wakefield.

Residential & Mixed Use
Hoboken-based Rockabill adds veteran multifamily developer as principal

Rockabill, a development partner and consultant to affordable, supportive and transitional housing owners, has added a multifamily industry veteran to its executive team.

Residential & Mixed Use
Construction underway on 153-unit rental project in Carteret, borough officials say

Developers have broken ground on a project that will bring 153 new apartments and commercial space to downtown Carteret, borough officials announced Tuesday.

Featured
History, legacy in focus as Hanson family marks 100 years in commercial real estate

A century of New Jersey commercial real estate history took center stage last month, as three generations of the Hanson family gathered to mark its 100th anniversary in the industry.

Industrial
EverWest taps former Duke exec to lead new property management office in New Jersey

EverWest Real Estate Investors has hired an industry veteran as its director of property management in New York and New Jersey, citing its continued growth in the region.