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
NAI Hanson: Vernon senior housing plan moves forward after sale of development parcels

A developer has acquired several parcels in Sussex County with approvals in place to build a new 55-unit senior housing community, in a deal arranged by NAI James E. Hanson.

Residential & Mixed Use
Connell details plans for new residential, retail phases at landmark Berkeley Heights campus

The Connell Co. has unveiled new details of a plan to transform its flagship business park in Berkeley Heights, having secured approvals to add more than 300 apartments and a sprawling entertainment, dining and retail space across five new buildings.

Residential & Mixed Use
Micro-apartments coming to Newark, as concept expands in New Jersey cities

A developer is set to open more than 100 micro-apartments in downtown Newark, marking at least the second such project in New Jersey and the growth of a concept that could soon spread to other small and midsized cities.

Professional Services
MIG Real Estate opens new office in Newark for growing brokerage, property management team

Brokerage and property management firm MIG Real Estate has opened a new office in Newark’s Ironbound section that will serve its growing roster of multifamily investor clients.

Professional Services
NAI Hanson’s Chris Todd named SIOR New Jersey secretary

A key broker with NAI James E. Hanson has assumed the post of New Jersey chapter secretary with the Society of Industrial and Office Realtors.

Retail
Goldstein Group: Salon studio comes to Midland Park, leases 7,500 sq. ft.

A salon studio chain has leased 7,500 square feet at a long-vacant commercial building in Midland Park, in a newly announced deal by The Goldstein Group.

Residential & Mixed Use
Treuhold Capital, Coldwell Banker debut latest phase of Northvale condo project

A developer and its sales team have unveiled the latest piece of a previously stalled, age-restricted condominium community in the Bergen County borough of Northvale.

Finance & Capital Markets
JLL: Buyer sought for Meadowlands hotel site with multifamily redevelopment prospects

The site of the Hilton Meadowlands Hotel and its parking lot in East Rutherford is on the market for sale, in an offering that could yield two multifamily redevelopment opportunities.

Residential & Mixed Use
Developers break ground on 40-unit rental project next to upscale Montclair hotel

The developers of the upscale MC Hotel in Montclair have broken ground on a new 40-unit apartment building that will rise adjacent to the downtown property.

Hospitality & Tourism
TFE sells Toms River hotel amid several recent deals

TFE Properties has sold a hotel in Toms River after more than three decades, citing interest from buyers seeking to convert part of the property to commercial space.