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
FirstService named property manager at 562-unit Harmon Cove Towers in Secaucus

FirstService Residential has taken over as the full-service property manager for a 562-unit high-rise condominium complex in Secaucus.

Residential & Mixed Use
Pet amenity, service platform comes to new KRE apartments in Bayonne

Kushner Real Estate Group has expanded its partnership with a pet amenity and service company, bringing the platform to its new luxury apartment complex in Bayonne.

Retail
Martial arts studio inks 1,900 sq. ft. lease at Denville retail center

A martial arts center has taken 1,900 square feet at a Denville shopping center, in a newly announced transaction by Lee & Associates New Jersey.

Industrial
Top developers, owners see continued growth for industrial market, despite new headwinds

More than 200 attendees turned out April 26 for “The View from the Top: A Conversation with Leaders in Logistics Real Estate,” a conference hosted by Real Estate NJ at The Highlawn in West Orange. Speakers included (clockwise from top…

Industrial
Vacant 15,000 sq. ft. Clifton warehouse trades for $3 million, Newmark Associates says

The longtime owner of a 15,000-square-foot industrial building in Clifton has sold the property for $3 million, in a deal arranged by Newmark Associates CRE LLC.

Residential & Mixed Use
Walters eyes Q2 construction start for new age-restricted rentals in Montvale

Development firm Walters is set to break ground on a new 25-unit, income-restricted apartment complex in Montvale, as it eyes continued expansion of its Cornerstone brand.

Residential & Mixed Use
Plainfield zoning board approves eight-unit rental project, design team says

A developer has secured a key local approval for what will be a new eight-unit apartment building in Plainfield, according to a team with Taylor Architecture & Design.

Retail
Operator of Wildwood restaurant buys building, liquor license after successful first year

A restaurateur has purchased a Wildwood building and its liquor license just over a year after leasing the space to open his new Mediterranean eatery.

Residential & Mixed Use
Veris Residential buying new 240-unit Park Ridge property for $130 million

Veris Residential Inc. has agreed to buy a newly built, upscale apartment property in Park Ridge for $130 million, adding another 240 units to its New Jersey multifamily holdings.

Residential & Mixed Use
Gebroe-Hammer: North Brunswick apartments fetch $64 million in first leg of 1031 exchange

The longtime owner of a 253-unit garden apartment complex in North Brunswick has sold the property for nearly $64 million, in a deal arranged by Gebroe-Hammer Associates.