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.

Professional Services
Avison Young adds longtime New Jersey business development duo

Two longtime partners and business development experts have joined Avison Young’s New Jersey office, the real estate services firm announced Thursday.

Office
Colliers moves Parsippany office, inks lease at new-look Northpoint property

Colliers has found a new home for its Parsippany-based team, leasing 7,500 square feet at a newly updated building owned by Vision Real Estate Partners.

Office
Gilead leases 96,000 sq. ft., eyes new corporate hub at Parsippany’s ‘Latitude’ campus

Biopharmaceutical giant Gilead Sciences has leased nearly 100,000 square feet at a Parsippany office campus, with plans to open a highly anticipated East Coast hub by early next year.

Finance & Capital Markets
Developer of 629-unit Jersey City rental property lands $160 million perm loan

The developer of more than 600 new apartments in Jersey City’s West Side neighborhood has refinanced the property for $160 million, in a transaction arranged by Progress Capital.

Professional Services
Riker Danzig rebrands, shortens name after three decades

The prominent New Jersey law firm long known as Riker Danzig Scherer Hyland & Perretti LLP has officially shortened its name as part of a newly announced rebranding.

Office
Sanzari unveils new flexible workspace concept at flagship Glenpointe campus

Alfred Sanzari Enterprises has made another addition to its Glenpointe campus in Teaneck with the launch of a new 5,300-square-foot flexible workspace concept.

People
Diversified Properties taps Matarazzo as new CFO

Diversified Properties has announced the hiring of a new chief financial officer.

Industrial
Trenton industrial complex fetches $5.6 million, NAI Fennelly says

A seller has reaped $5.6 million in the trade a four-building, 75,097-square-foot industrial complex in Trenton, in a newly announced deal by NAI Fennelly.

Office
Mobile gaming firm inks lease in Jersey City for first U.S. flagship location, Newmark says

A Swedish mobile gaming company has picked Jersey City for its first U.S. flagship location, leasing more than 5,000 square feet at a historic loft-style building in the downtown.

Residential & Mixed Use
Veris Residential names head of sustainability, ESG amid release of new report

Veris Residential Inc. has named a new senior vice president and head of sustainability and environmental, social and governance, as it unveils a report detailing its progress in those areas since the real estate investment trust rebranded and revamped its platform.