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.

Industrial
Walls tilted at site of 702,000 sq. ft. logistics center in Palmyra, brokers say

A development team is eyeing a September delivery for more than 700,000 square feet of new industrial space in Burlington County, the project’s leasing team announced Monday.

Retail
Old Navy leases 14,000 sq. ft. at Kearny Plaza shopping center, Welco says

A new Old Navy store has come to a 62,000-square-foot shopping center in Kearny, in a newly announced transaction by Welco Realty Inc.

Residential & Mixed Use
Alpine, FieldsGrade hit 65 percent leased at 114-unit Jersey City apartment building

Renters have leased nearly two-thirds of a new 114-unit luxury apartment building in Jersey City’s historic Bergen-Lafayette neighborhood, its developers said Monday.

Retail
Onyx welcomes Baraka, local leaders to reveal jewel box entrance at Gateway complex

The overhaul of Newark’s sprawling Gateway Center was on display last week as a development team revealed the new two-story, glass-encased lobby that will connect the streetscape to a planned 100,000-square-foot dining and retail concourse.

Retail
Irgang Group names operations manager for newly added Millville power center

The new owner of a 393,000-square-foot shopping center in Millville has hired a construction industry veteran to oversee the property and another recent addition to its portfolio.

Government & Public Policy
Mandelbaum Barrett attorney lands site plan approval for projects in Essex, Passaic counties

A plan to build a new YMCA campus in Livingston is moving ahead after recently landing a key local approval, according to an attorney with Mandelbaum Barrett PC.

Industrial
Foundation work underway at 333,000 sq. ft. spec warehouse in Bayonne, LEG says

Lincoln Equities Group has broken ground on more than 330,000 square feet of speculative warehouse space in Bayonne, in the final piece of a highly touted 153-acre industrial park.

Government & Public Policy
EDA extends deadline for RFI on fund for minority, women-owned developers

The state Economic Development Authority has extended the deadline for responses to its recent call for input from minority- and women-owned development firms, in what it sees as a first step toward funding a program to help improve diversity in the real estate industry.

Roundtable
How can the construction industry become more sustainable?

How can the construction industry become more sustainable? We assembled a panel of industry experts to tackle this month’s question.

Retail
Iron Ore buys 59,000 sq. ft. grocery-anchored retail center in Trenton

An affiliate of Iron Ore Properties LLC has purchased a grocery-anchored retail center in Trenton, the Milburn-based firm announced Thursday.