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
NAI Hanson: Legal services firm relocating, taking 13,000 sq. ft. at Paterson office tower

A law practice is on the move in Paterson after leasing nearly 13,000 square feet at a prominent office building in the city, in a transaction arranged by NAI James E. Hanson.

Government & Public Policy
Murphy vetoes bill to allow third-party code inspections, calls for two-year study by DCA

A bill that would streamline construction code inspections in New Jersey using third-party, private-sector consultants is all but dead for now, following a conditional veto by Gov. Phil Murphy that shelved the proposal in favor of a two-year study by state officials.

Industrial
Blackstone logistics, clean energy firms detail solar panel projects across New Jersey portfolio

A pair of Blackstone affiliates have unveiled plans to build rooftop solar panels across a portfolio of New Jersey warehouses, bringing renewable energy to some 10,000 homes in the state.

Retail
Marcus: Monmouth retail center trades for $4.2 million

An investor has sold a nearly 23,000-square-foot retail center in Monmouth County, brokers with Marcus & Millichap announced Monday.

Industrial
3PL firm takes 696,000 sq. ft. of industrial space in New Jersey, South Carolina, BRC says

A third-party logistics firm has leased nearly 400,000 square feet of industrial space in Middlesex County as part of a series of transactions spanning New Jersey and South Carolina.

Retail
Goldstein Group inks seven new retail property sales in northern, central New Jersey

The former home of a baby furniture store in Morris County has changed hands, in one of several newly announced deals by The Goldstein Group.

Industrial
NAI Hanson: Towing company expands, leases Elmwood Park site for fleet storage

A towing company is expanding its footprint after leasing a half-acre parcel in Elmwood Park, under a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
Newark Museum taps L+M for 250 apartments, retail space in $85 million arts campus project

A developer is slated to bring 250 apartments and retail and dining space to downtown Newark as part of a newly announced, $85 million campus around The Newark Museum of Art.

Residential & Mixed Use
Edgewood expands veterans housing program within growing New Jersey portfolio

With Veterans Day approaching, Edgewood Properties has announced an expansion of a program that helps provide housing to military service members.

Residential & Mixed Use
CBRE inks apartment sales in Essex, Middlesex totaling $10.6 million

An investor has sold a five-building, 28-unit apartment complex in Belleville for nearly $4 million, in the largest of three newly announced transactions by CBRE.