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.

Professional Services
Savills taps real estate, finance veteran as head of Northeast research team

Savills has named a new senior director for its Northeast research group, tapping a longtime finance and commercial real estate professional for the role.

Residential & Mixed Use
Solomon Organization names new managing, associate directors after seven promotions

The Solomon Organization has announced seven promotions across its Summit-based headquarters and regional offices managing its 20,000-unit apartment portfolio.

Retail
Daycare, convenience store combine for 6,000 sq. ft. at new Jersey City apartment building

The developer of a new apartment building in Jersey City has signed two ground-floor retail leases at the property, according to a brokerage team with The Goldstein Group.

Residential & Mixed Use
Camden leaders focused on new housing, population growth after years of large corporate projects

After years of high-profile public and corporate development projects, Camden city officials say new housing is key to convincing the thousands of employees who now come to work in the city each day to also live there.

Office
JLL: Yarn maker finds new home, subleases 13,000 sq. ft. in Lyndhurst

A yarn company is taking 13,000 square feet of office space in Lyndhurst as part of a plan to relocate and expand its operation, under a deal arranged by brokers with JLL.

Health Care & Education
Atlantic County medical office campus, development site fetches $6.1 million

A personal trust has sold a partially completed medical office campus in Little Egg Harbor for $6.1 million, in a recently completed deal by Marcus & Millichap.

Retail
Goodwill eyes five new locations in N.J., N.Y. amid growing demand for sustainable fashion

Goodwill Industries of Greater New York and Northern New Jersey Inc. will open up to five new retail locations in the region to meet the continued demand for its services and the growing resale fashion market, the organization announced Monday.

Top News
Scholarship honoring late Hanover mayor awarded to two engineering students, JMF says

Two students at Whippany Park High School will split a $10,000 scholarship created to honor a former mayor of Hanover Township, with support from locally based JMF Properties.

Office
SJP, Scotto break ground on Valley Bank’s new 120,000 sq. ft. headquarters in Morristown

Construction is underway on Valley Bank’s future headquarters in Morristown, where it will lease 120,000 square feet of new office space built by SJP Properties and Scotto Properties.

Residential & Mixed Use
Skye Development welcomes renters to new 98-unit Bayonne property

A developer has welcomed its first residents to a new phase of luxury apartments in Bayonne, having recently unveiled 98 rental units alongside a building that it completed in 2019.