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.

Tenant interest in ‘hub-and-spoke’ model brings added focus to state’s new-look office stock

A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.

Bridge sells 2.2 million sq. ft. Phillipsburg industrial portfolio to PGIM for $275 million

Bridge Development Partners has announced the sale of a four-building, 2.2 million-square-foot industrial portfolio in Phillipsburg, the first piece of a massive project near Interstate 78.

Professional Services

Sordoni announces promotion of managing executive to senior vice president

Sordoni Construction Co. has announced a promotion for one of its longtime construction executives.

Stro acquires 78,000 sq. ft. Fairfield warehouse, Sheldon Gross says

The Stro Cos. has acquired an industrial building in Fairfield for $8.75 million, in a newly announced transaction by Sheldon Gross Realty.

Trucking firm leases 29,000 sq. ft. in Elizabeth, NAI Hanson says

A trucking company has taken nearly 29,000 square feet of warehouse and distribution space in the heart of Elizabeth’s port district, according to brokers with NAI James E. Hanson.

Residential & Mixed Use

JLL seeking buyer for 350-unit luxury rental property in Englewood

The owner of a 350-unit luxury apartment complex in Englewood is seeking a buyer for the property, in a newly announced offering by JLL’s New Jersey capital markets team.

AY: Ophthalmology, retina group inks 37,000 sq. ft. headquarters lease in Berkeley Heights

An ophthalmology and retina group has leased nearly 36,000 square feet of office space in Berkeley Heights, under a transaction announced Wednesday by Avison Young.

Residential & Mixed Use

Rockefeller Group, nonprofits unveil supportive housing at The Green at Florham Park

Rockefeller Group has teamed with two area nonprofits to open an eight-building, 62-unit supportive housing community at its vast mixed-use campus in Florham Park.

NAI Hanson: Distributor finds new home in Fairfield, takes 10,400 sq. ft.

An appliance wholesaler is relocating within Fairfield after signing a 10,400-square-foot industrial lease in the township, brokers with NAI James E. Hanson announced.

Besides public health, what is a top policy or legislative concern for the commercial real estate industry?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.