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.

People
MSM Equities names new partner, chief investment officer

MSM Equities, a Short Hills-based real estate investment and advisory firm, has named a new partner and chief investment officer.

Retail
Korean restaurant to join new dining, retail tenants at Newark’s Gateway, Onyx says

An acclaimed local restaurateur is coming to Newark’s Gateway Center, in one of several newly announced additions to the office complex’s revamped retail and dining space.

Office
NAI DiLeo-Bram inks sale of 10,000 sq. ft. office building in Union Twp.

NAI DiLeo-Bram & Co. has completed the sale of a multitenant, 10,296-square-foot office building in Union Township, the firm announced Tuesday.

Industrial
STRO announces new director of construction

The STRO Cos. has hired an industry veteran as its new director of construction.

Government & Public Policy
Capital City Redevelopment Corp. updates key planning document for downtown Trenton

A state agency has unveiled a new plan that it hopes will spark economic development in and around downtown Trenton.

Office
CBRE: Long Island firm buys 122,000 sq. ft. Roseland office building for $16 million

An investment firm has added its first New Jersey property with its purchase of a nearly 122,000-square-foot office building in Roseland, brokers with CBRE said Monday.

Residential & Mixed Use
AvalonBay eyes start of site work at $350 million mixed-use project at Princeton Junction

AvalonBay Communities Inc. has taken its first steps toward transforming an outdated office complex in West Windsor, where plans call for more than 800 units of housing, retail and public space as part of a vibrant destination at the Princeton Junction train station.

Residential & Mixed Use
Marcus inks sale of 53-unit Toms River multifamily property

Marcus & Millichap has negotiated the sale of Briar Knoll, a 53-unit multifamily property in Toms River, at a capitalization rate of 4.32 percent.

Industrial
Redcom buys 36,000 sq. ft. industrial building in Westfield, BRC says

A locally based design, engineering and construction firm has purchased a 36,000-square-foot industrial building in Westfield, in a newly announced transaction by Bussel Realty Corp.

Office
Boxing organization renews, expands to 3,500 sq. ft. at Larken-owned building in Springfield

Larken Associates has negotiated a 3,500-square-foot lease with the International Boxing Federation at 899 Mountain Ave. in Springfield.