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.

Residential & Mixed Use
Paramount nears completion of 70-unit rental building in Plainfield

Paramount Assets is set to unveil a new 70-unit luxury apartment building in Plainfield that has helped revitalize the former site of a used car dealership.

Industrial
Greek announces key promotions, new hires for third-party construction team

Greek Development has announced a flurry of promotions and new hires in connection with its fast-growing, third-party construction and project management division.

People
STRO taps 20-year real estate veteran as chief operating officer

The STRO Cos. has announced the hiring of a new chief operating officer.

Office
Consultant takes 5,465 sq. ft. at new mixed-use Somerville building, Deluccia says

A consultant for large-scale utility projects has leased nearly 5,500 square feet at a new mixed-use building in Somerville, in a deal arranged by Deluccia Commercial Group.

Government & Public Policy
Montgomery opens new 62,000 sq. ft. municipal center after DMR-designed project

DMR Architects is marking the completion of a new municipal center in Montgomery Township, with a design that honors the community’s heritage while modernizing its facilities.

Professional Services
NAI Mertz adds construction, facilities executive with deep ties to public sector

A longtime business owner and member of the state’s facilities and leasing team has joined NAI Mertz as a director for the office division, the Mount Laurel-based firm said Tuesday.

Office
Office construction booms in Lakewood amid stunning influx of residents, businesses

Those heralding the death of the suburban office park may not have seen Lakewood recently, where the growth of Class A space is defying conventional wisdom and statewide trends.

Professional Services
Veteran broker with Blau & Berg joins SIOR membership ranks

A longtime broker with The Blau & Berg Co. has earned the coveted membership designation with the Society of Industrial and Office Realtors.

Residential & Mixed Use
Hudson Atlantic inks sale of 14-unit Sussex apartment building for $2.6 million

An investor has purchased a 14-unit garden apartment property in Sussex County for $2.6 million, under a deal arranged by Hudson Atlantic Realty.

Retail
Vita eyes spring delivery for new 7,100 sq. ft. Morris County retail project

Construction is underway on what will become more than 7,000 square feet of new retail space in Lincoln Park, the third ground-up project in the borough by Vita & Vita Realty Corp.