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
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.

Professional Services
Michael Graves Architecture acquires Maryland-based design firm

Princeton-based Michael Graves Architecture & Design has expanded its service lines and its geographic footprint with the acquisition of a Maryland-based practice.

Industrial
Larken, biomedical firm sign 3,000 sq. ft. expansion at Hillsborough business park

A life sciences firm has signed a 3,000-square-foot expansion at its longtime home at the Hillsborough Business Center, a sprawling campus owned by Larken Associates.

Retail
WCRE named leasing agent at redesigned Cherry Hill retail, professional complex

The new owner of a retail and office complex in Cherry Hill has appointed Wolf Commercial Real Estate as its leasing agent at the site.

Office
JLL: Hartz sells 136,000 sq. ft. Jersey City office building for $48 million, in deal with AEP

Hartz Mountain Industries has sold a 136,000-square-foot office building in Jersey City to American Equity Partners, in a newly announced transaction by JLL.

Residential & Mixed Use
OneWall sells two-building, 191-unit Newark rental portfolio for $30 million

Workforce housing investor OneWall Communities has sold a 191-unit multifamily portfolio in Newark for $30 million, according to the firm and brokers with CBRE.