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.

Cover Story
Sanzari drawing on 75 years of stability, relationships to guide tenants through crisis

Like other landlords, Alfred Sanzari Enterprises has spent months with its buildings mostly empty as businesses cope with the effects of the pandemic. But the family-owned firm has weathered the crisis and helped its tenants do the same thanks to its own financial strength and ability to act quickly, which stem from a patient, low-leverage approach that goes back 75 years.

Residential & Mixed Use
Gebroe-Hammer: Buyers wanted for 29-building, 406-unit rental portfolio

A sprawling collection of more than 400 apartments is on the market for sale in New Jersey, in a newly announced offering by Gebroe-Hammer Associates.

Hospitality & Tourism
New 211-room hotel opens in Jersey City’s burgeoning arts district

A development team has opened the doors to a new 211-room hotel in downtown Jersey City, with a focus on paying homage to the city’s growing arts and cultural scene.

Retail
Developers, city officials hail Starbucks’ arrival in Bayonne

A new Starbucks has opened its doors at a growing retail center in Bayonne, in what local officials say is another sign of the city’s resurgence as a residential destination.

Office
Kislak touts $11.5 million in Monmouth County investment sales

A private investor has paid $6.2 million for a Red Bank office building, in the largest of four newly announced transactions by The Kislak Co. Inc.

Retail
Weiss Realty inks new leases, extensions at Edison commercial center

Weiss Realty is touting the completion of nearly 8,000 square feet of leasing activity at an Edison commercial center, including two new leases and two extensions.

Retail
Laundry service joins roster at Brick shopping center

A drop-off laundry service business has signed a long-term lease at a Brick shopping center, in a newly announced transaction by Vantage Commercial.

Professional Services
Rotwein+Blake details redesign, expansion of Newmark New Jersey office

Rotwein+Blake, a Livingston-based architecture and interior design firm, is marking the completion of Newmark’s expanded and renovated New Jersey headquarters.

Residential & Mixed Use
Marcus: Investor sells Orange apartments for $14 million

A private investor has sold an 81-unit apartment building in Orange for $14 million, under a newly announced transaction by Marcus & Millichap.

Professional Services
JLL names new executive VP for New Jersey office leasing team

JLL has added to its New Jersey office leasing team with the hiring of a veteran broker.