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.

Government & Public Policy
Murphy joins LCOR, NJ Transit to break ground on historic Hoboken Connect project

Construction is set to begin on the long-awaited Hoboken Connect project, where plans call for improving the city’s historic transit terminal, infrastructure upgrades and new development that would include nearly 400 apartments and 635,000 square feet of high-end office space.

Professional Services
Neuer joins JLL capital markets team in New Jersey

JLL has bolstered its New Jersey capital markets team in the region with the addition of Jeremy Neuer, a prominent broker in the state and an expert in the office sector.

Residential & Mixed Use
Park Stone, Fields Grade launch leasing at new 99-unit Journal Square rental building

Leasing is underway at a new six-story, 99-unit luxury apartment building in Jersey City’s fast-growing Journal Square district.

Office
Avison Young: Shelbourne, electronics parts maker ink 61,000 sq. ft. lease in Piscataway

A manufacturer of electronics parts has leased more than 60,000 square feet in Piscataway, in the largest of several newly announced deals by Avison Young.

Retail
Route 22 retail center fully leased after lease with dance studio, Deluccia says

A dance studio has leased 4,200 square feet at a Somerset County shopping center, in a newly announced deal by Deluccia Commercial Group.

Government & Public Policy
Demolition begins in East Brunswick as builders, officials prepare to transform Route 18

A development team has started demolition of a blighted, long-vacant retail complex along Route 18 in East Brunswick, in a critical step in a plan to build new apartments, commercial space and other uses as part of a destination spanning dozens of acres.

Residential & Mixed Use
RMS Cos. sells newly built, 153-unit rental property in Union Twp.

Development firm RMS Cos. has sold a 153-unit luxury apartment building in Union Township, its first completed project in New Jersey, in a deal arranged by CBRE.

Residential & Mixed Use
Leasing underway at 250-unit Newark Urby project

A luxury apartment brand’s debut in Newark is officially underway with the launch of leasing at the site of a newly restored and expanded tower in the city’s downtown.

Industrial
Kosher foods wholesaler buys 74,000 sq. ft. Carteret industrial building, BRC says

A distributor of Kosher foods has purchased a 74,000-square-foot industrial building in Carteret for $11.75 million, brokers with Bussel Realty Corp. announced Tuesday.

Office
Signature Acquisitions debuts rooftop solar across 16 New Jersey office buildings

Signature Acquisitions has installed a 3.75-megawat solar energy system covering more than 200,000 square feet of rooftop across 16 office buildings in New Jersey.