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
Investor buys 7,000 sq. ft. Chester office building, in NAI Hanson-brokered deal

NAI James E. Hanson has negotiated the sale of a 7,000-square-foot office building in the Morris County borough of Chester, the firm announced.

Finance & Capital Markets
JLL sources loans to refi two-building, 51,000 sq. ft. light industrial portfolio in Tinton Falls

JLL has arranged a refinancing for two Monmouth County light industrial buildings totaling 50,923 square feet.

Photos
Valley Bank donates $15,000 to Spring Lake Toys Foundation

The Spring Lake Toys Foundation, a nonprofit that supports families of children with rare illnesses, is celebrating a new $15,000 donation from Valley Bank.

Featured
Will cold storage heat up in New Jersey?

By Kristian Cichon, ME, BE, Director of Acquisitions Deugen Development The New Jersey industrial market has managed to continue its historic pace of rising rents and new development, while vacancy rates have remained below 2 percent. This unprecedented demand from…

Industrial
Hartz details pitch for industrial park, open space at massive Hercules site in Roxbury

Hartz Mountain Industries has unveiled its proposal to redevelop a massive former manufacturing site in Morris County, including plans for a five-building, 2.5 million-square-foot industrial campus and hundreds of acres of open space.

Office
C&W: Buyer wanted for 124,000 sq. ft. Verizon office campus in South Plainfield

Verizon New Jersey Inc. is seeking a buyer for a 16-acre office property in South Plainfield, according to a brokerage team with Cushman & Wakefield.

Residential & Mixed Use
Jersey City condo tower hits sales milestone after summer flurry

More than 300 homebuyers have now committed to 99 Hudson, the new 79-story condominium tower in Jersey City, following a summer surge at the distinctive waterfront building.

Professional Services
A.Y. Strauss adds veteran attorney to Roseland-based franchise practice

A.Y. Strauss has announced the addition of a new partner in its franchise group.

Deals
NAI Hanson inks sale of Hackensack land site slated for 15,000 sq. ft. daycare center

Plans for a new daycare center in Hackensack are moving forward after the sale of a nearly half-acre development site for the facility, according to a broker with NAI James E. Hanson.

Technology
Bell Works welcomes new Swing Loose Golf Driving Range to sprawling Holmdel campus

A new driving range has opened outside the sprawling Bell Works complex in Holmdel, bringing another amenity to the property’s workers and patrons and to local residents.