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.

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Current trends in the post-COVID commercial leasing market: The reduced footprint and new considerations of the office

Everyone knows the most critical factor in the determination of cost of rentable square footage of leased space and the value of land is “location, location, location.” COVID has not changed this truism, but perhaps has rarified the implications.

Residential & Mixed Use

Pulte continues growth in New Jersey with key partnerships at transit hub developments

PulteGroup has become a key player in some of New Jersey’s largest mixed-use, transit-centric redevelopments over the past decade, having delivered or broken ground on some 1,300 for-sale homes near train stations in partnership with several leading developers.

Somerset firm acquires 56,000 sq. ft. warehouse in Branchburg, GM Realty says

An affiliate of a Somerset-based pharmaceutical firm has acquired a 56,000-square-foot warehouse in Branchburg, according to the brokerage GM Realty Advisors Inc.

Sheldon Gross, KW Commercial ink sale of 17,000 sq. ft. Neptune property

A private investor has purchased a 17,000-square-foot office and flex building in Neptune for $3.2 million, under a newly announced transaction by Sheldon Gross Realty.

Landscaper buys Hunterdon site with outdoor storage, office space for growing business

A landscape design and maintenance firm has purchased a mixed-use property in Tewksbury that will provide new space for its growing business, in a deal arranged by NAI James E. Hanson.

Professional Services

Newmark bolsters tech, innovation practice with former WeWork leasing expert

An expert in the flexible office sector has joined Newmark, serving as a key addition to a brokerage team focused on clients in the technology and innovation fields.

Residential & Mixed Use

Developer sells new 62-unit rental building in downtown Bergenfield, Kislak says

An affiliate of Hornrock Properties has sold a new 62-unit luxury apartment building in Bergenfield for nearly $23 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use

Procida eyes $40 million rehab of historic Paterson silk mill, with plans for 127 apartments

A development team led by Procida Funding has unveiled plans to create nearly 130 new apartments at the site of a historic mill complex near Paterson’s Great Falls.

Kimmerle touts design, build-out of health products firm’s new Morristown headquarters

A maker of healthy ingredients for food and wellness products has debuted its new office in downtown Morristown, in a project designed and spearheaded by Kimmerle Group.

Residential & Mixed Use

Kislak inks $6.6 million sale of Neptune City apartments, in string of Monmouth deals

An investor has purchased a 36-unit garden apartment complex in Neptune City for $6.55 million, in the largest of three newly announced deals by The Kislak Co. Inc.