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.

Residential & Mixed Use
Developers launch leasing at 381 luxury rentals in Harrison, latest phase of ‘Urby’ complex

A development team has launched leasing at the newest collection of apartments at one of Harrison’s largest luxury rental communities.

Industrial
BRC: Trucking firm takes 60,000 sq. ft. at Piscataway industrial building

A trucking company has signed a full-building lease for nearly 60,000 square feet of industrial space in Piscataway, under a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use
FMERA inks sale of Fort Monmouth parcel slated for 180-unit residential project

Somerset Development has closed on its purchase of some 15 acres at Fort Monmouth that is now slated to become a mix of new townhomes and restored apartments.

Professional Services
DMR eyes continued growth, pipeline diversity as design firm marks 30th anniversary

Three decades after its founding, DMR Architects has grown into a robust, multidisciplinary practice serving education, multifamily, health care and other public- and private-sector clients — with a pipeline valued at more than $1 billion.

Professional Services
H2M details new hires in Wall, Parsippany offices

H2M architects + engineers has announced three new additions to its team of scientists and construction industry professionals in New Jersey.

Events
New Jersey Future, APA-NJ seeking session proposals for March planning, redevelopment forum

Two of the state’s top planning organizations are seeking ideas for discussion topics as they lay the groundwork for a multiday, virtual and in-person conference in early 2022.

Retail
R.J. Brunelli inks retail property sales in East Brunswick, East Orange

A developer has acquired the 25,000-square-foot home of a Jersey Strong health club in East Brunswick, in one of two newly announced property sales by R.J. Brunelli & Co. LLC.

Office
Ripco: Buyer wanted for net-leased, 138,000 sq. ft. property in Eatontown

A nearly 140,000-square-foot commercial property in Eatontown is on the market for sale, with the potential to command offers of more than $40 million.

Health Care & Education
LEG, biotech firm complete deal for 42 acres at massive Hopewell life sciences campus

Lincoln Equities Group will soon welcome another user to its sprawling life sciences campus in Hopewell, having sold a 42-acre portion of the property to a global biotech company.

Guest Columns
Turning the page on a challenging year for New Jersey’s apartment industry

Like everyone else, we expected 2021 to be better and easier. At the beginning of the year, the vaccines were starting to roll out, the feeling was positive and the worst was behind us. But then the reality of 2021 set in. Across the country, with the rise of the Delta variant, supply chain problems, labor shortages and unanticipated weather events, we were thrust into another difficult year. It wasn’t the 2021 we had all hoped for — it was “2020 redux” — and it was just as challenging but in different ways.