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.

Summit Health debuts 30,000 sq. ft. office at new Montclair arts campus

Summit Health has opened the doors to a new 30,000-square-foot office in Montclair, in one of the first pieces of a new mixed-use development near the acclaimed Wellmont Theater.

Atkins sells 250,000 sq. ft. medical office portfolio in Northeast, Midwest

Atkins Cos. has sold a six-building, 250,000-square-foot medical office portfolio in four states, as it turns its focus to new acquisitions after its longtime ownership of the properties.

Prism, UPS Store ink 1,100 sq. ft. lease at new Woodbridge rental property

The UPS Store is coming to the base of a luxury apartment complex in downtown Woodbridge, marking the second retailer at the newly completed property by Prism Capital Partners.

Silbert to lead retail leasing for Sanzari medical arts building in Hackensack

Alfred Sanzari Enterprises has tapped Silbert Realty & Management Co. as its retail leasing agent for a prominent, 85,000-square-foot medical office property in Hackensack.

Kearny apartment complex fetches $36 million amid town’s ongoing revival

A longtime apartment owner in Kearny has reaped more than $36 million from its recent sale of a seven-building, 171-unit complex in the town, according to Gebroe-Hammer Associates.

A winning team

Commercial real estate truly is a people business, which explains why our stories highlighting new hires, promotions and other personnel moves are among the most popular. We’re fortunate to see a steady diet of these updates from all corners of the industry, including the types of announcements that have come from DMR Architects just about every year since we launched Real Estate NJ — five hires here, three new additions there — all to support a growing pipeline and portfolio that includes everything from apartments and hospitals to government buildings.

Elberon, Fidelco join FreezPak to open new freezer warehouse at Newark-Elizabeth border

A cold storage provider has opened a new 140,000-square-foot facility at the border of Elizabeth and Newark, in a project that brought together two well-known New Jersey developers.

MSB adds two real estate, land use attorneys

McManimon, Scotland & Baumann LLC has made two additions to its team of commercial real estate and land use attorneys.

BLS adds tax credit expert to manage compliance for incentives recipients

Biggins Lacy Shapiro & Co. LLC, the Princeton-based site selection and advisory firm, has hired a new senior manager focused on compliance for recipients of government tax incentives.

Fairfield apartment developer inks $10.5 million refi, JLL says

A developer has secured $10.5 million to refinance a newly built, 36-unit apartment property in Fairfield, in a newly announced deal by JLL.