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.

Top News
Giordano, Halleran & Ciesla mourns loss of real estate, litigation attorney Adam Garcia

Adam Garcia, a shareholder with Giordano, Halleran & Ciesla PC whom the firm recalled as a dedicated and talented real estate attorney, has died at age 37.

Residential & Mixed Use
Axial Partners sells 68-unit Jersey City rental portfolio for $13.8 million, Hudson Atlantic says

A real estate investment firm has sold a two-building, 68-unit apartment portfolio in Jersey City for $13.8 million, in a newly announced deal by Hudson Atlantic Realty.

Professional Services
Gensler promotes Ellis, interior design expert, to director of workplace consulting studio

Gensler has promoted Jennifer Ellis to director with its Strategy Studio, a practice that guides clients through major changes to their organizations and workplaces.

Residential & Mixed Use
Westminster Management lands in top 25 in online reputation ranking for multifamily sector

Westminster Management has earned a place in the top 25 in an annual ranking published by an influential industry group.

Government & Public Policy
East Orange project with 420 rentals, commercial space lands $298 million Aspire award

The next phase of a massive redevelopment in East Orange is one step closer to breaking ground with the help of a nearly $298 million tax credit award under the state’s Aspire program.

Industrial
Accordia expands to South Carolina, acquires 305,000 sq. ft. industrial park for $48 million

Accordia has purchased more than 305,000 square feet of industrial space in South Carolina, marking its first acquisition in the state and the largest in its 20-year history.

Retail
RIPCO: Trader Joe’s-anchored retail center in Edgewater hits 97 percent occupancy

Tenants have all but filled a 73,000-square-foot retail center in Edgewater after a flurry of recent leasing activity secured by RIPCO Real Estate.

Industrial
Saxum, Penwood close on site for 166,000 sq. ft. industrial project in Southeast Pennsylvania

Saxum Real Estate and Penwood Real Estate Investment Management LLC are expanding their partnership with a newly announced, 166,000-square-foot industrial project in Pennsylvania.

Retail
Art school, event space takes 1,200 sq. ft. on Route 46 in Morris County, Azarian says

A painting school and event space is coming to Rockaway Borough, where it will occupy more than 1,200 square feet under a deal arranged by Azarian Realty Co.

Industrial
Longpoint buys 101,000 sq. ft. Piscataway industrial portfolio

Longpoint has acquired two industrial buildings in Piscataway, expanding its portfolio by more than 101,000 square feet in a deal arranged by Lee & Associates – WBE New Jersey.