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.

Office
Insurance firms lease 43,000 sq. ft. at LeFrak-owned office building in Jersey City

Two insurance firms have signed new leases along the Jersey City waterfront, combining for nearly 43,000 square feet at a LeFrak-owned office building.

People
Saxum taps former REIT executive as new chief operating officer

Saxum Real Estate has named a new chief operating officer, tapping a veteran commercial real estate executive with a career that spans more than three decades.

Office
Harlem restaurateur coming to landmark Newark office tower, in deal with Fidelco

An acclaimed restaurateur in Harlem is expanding to Newark, with a location that will mark another step in Fidelco Realty Group’s plan to revitalize a well-known office building.

Office
Bergman adds six new office tenants in Princeton, nears completion of $4 million upgrade

Bergman Real Estate Group has completed nearly 28,000 square feet of leasing activity at an office building near Princeton, the site of a $4 million renovation that’s nearly complete.

Retail
First National Realty Partners names V.P. of leasing amid continued portfolio growth

First National Realty Partners has hired a new vice president of leasing, marking the latest addition for the fast-growing, Red Bank-based real estate investment firm.

Office
Sanzari leases 3,700 sq. ft. in Elmwood Park to credit services firm

A credit services firm is joining the roster at an Elmwood Park office building, where it will lease nearly 3,700 square feet under a deal with Alfred Sanzari Enterprises.

Policy Page
Untethered work: What’s driving office change

Both employers and employees affirm that remote workers can be successful, but it’s still debatable about what the changes mean for commercial real estate, and the office sector in particular.

Residential & Mixed Use
Developer of 600-unit PARQ project in Parsippany eyes start of site work, demolition

A developer is set to begin demolition at the longtime site of an office park in Parsippany, paving the way for a plan to bring 600 apartments and townhomes to a swath of the property.

Residential & Mixed Use
Manulife sells 415-unit New Brunswick rental property for $173 million, CBRE says

A global asset manager has sold 415 luxury apartments in downtown New Brunswick for nearly $175 million, under a newly announced deal by CBRE.

Residential & Mixed Use
NJBA installs Bovino as president among new slate of board officers

The New Jersey Builders Association has installed a longtime member and 36-year veteran of the homebuilding industry as its 69th board president.