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
Rutgers buys 3,700 sq. ft. office building in downtown Newark, NAI Hanson says

Rutgers University has acquired a 3,700-square-foot office building in downtown Newark, under a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
Developers break ground on housing, nonprofit space at Paterson mill property

A joint venture has broken ground in Paterson on a $26 million project that will bring affordable housing and space for a local nonprofit to the site of a historic mill building.

Government & Public Policy
Insiders see growing (but measured) demand for new, more targeted state incentive program

With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.

Residential & Mixed Use
KRE marks expansion of Bayonne project with launch of 213-unit rental property

Kushner Real Estate Group is set to unveil more than 200 new upscale apartments in Bayonne, marking the second leg of a three-phase project in the city’s waterfront redevelopment area.

People
Casiello joins ACDevco board of directors

A local resident and well-known commercial real estate professional has joined the board of ACDevco, the nonprofit developer focused on key projects in Atlantic City.

Government & Public Policy
Developer plans 75 apartments, entertainment space at historic Fort Monmouth complex

A developer has purchased 20 acres at Fort Monmouth, with plans to convert a series of historic buildings to create 75 apartments and new commercial and entertainment space.

Health Care & Education
C&W inks $3.6 million sale of Englewood medical office building

A private investor has acquired a nearly 16,000-square-foot medical office building in Englewood, under a newly announced deal by Cushman & Wakefield.

Office
South Korean airline taking 2,500 sq. ft. at Sanzari-owned campus in Teaneck

Alfred Sanzari Enterprises has attracted a new tenant to its Glenpointe campus in Teaneck, securing a lease for more than 2,500 square feet with a South Korean airline.

Residential & Mixed Use
Developer, local officials mark start of 337-unit rental project in Jersey City

A developer has broken ground on a new 337-unit luxury apartment building in Jersey City, marking the latest investment in the city’s fast-growing West Side neighborhood.

Office
Report: Amazon, Mack-Cali nearing 400,000 sq. ft. office lease in Jersey City

Amazon and Mack-Cali Realty Corp. are reportedly close to inking a 400,000-square-foot office lease in Jersey City, in a potential blockbuster deal for the real estate investment trust and its flagship Harborside complex along the Hudson waterfront.