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
New 280-unit rental property in Newark more than 50 percent leased, Shorewood says

Shorewood Real Estate Group has rented more than 50 percent of The Ballantine, a new 280-unit luxury rental property at the onetime site of a historic brewery in Newark.

Industrial
NAI Hanson: Kenilworth industrial outdoor storage property sells for $3.3 million

A private buyer has paid $3.3 million for a nearly 1.3-acre industrial outdoor storage property in Kenilworth, brokers with NAI James E. Hanson announced Monday.

Health Care
JLL: Bristol Myers Squibb eyes sale, partial leaseback of 1.2 million sq. ft. Summit campus

Bristol Myers Squibb is looking to sell a nearly 1.2 million-square-foot life sciences campus in Summit, bringing the well-known property back to the market after it changed hands in 2015.

Industrial
LEG unveils two-building, 204,000 sq. ft. warehouse development in Belleville

Lincoln Equities Group has delivered more than 204,000 square feet of new warehouse space in Belleville with the completion of a two-building project off Route 21.

Professional Services
Cushman’s Brenner earns prestigious executive vice chairman title

Cushman & Wakefield has promoted Ben Brenner to executive vice chairman, making him one of the youngest at the firm to earn its most prestigious and senior title.

Events
IOREBA event highlights critical role of LOI in real estate transactions

One of the industry’s key legal tools took center stage recently as the Industrial and Office Real Estate Brokers Association hosted its latest networking and educational event.

Residential & Mixed Use
Woodmont launches leasing at 120-unit townhome, apartment project in Lehigh Valley

Woodmont Properties has unveiled 120 new luxury rental homes in Pennsylvania’s Lehigh Valley, its latest addition to a development about 25 miles west of New Jersey.

Industrial
LMC: Walls up at project that will add 54,000 sq. ft. to Piscataway’s Rutgers Industrial Center

The third new ground-up project in as many years is taking shape at a Piscataway industrial park, in a development that will add 54,000 square feet to the complex off Interstate 287.

Industrial
Deugen adds 16-acre industrial outdoor storage property at Exit 8A

Deugen Investment Group has acquired a 16.1-acre, low-coverage industrial outdoor storage property in Cranbury, the firm announced this week.

Residential & Mixed Use
West New York, Bayonne rental properties totaling 32 units trade in separate deals by CBRE

Two apartment buildings with a combined 32 units have changed hands in Hudson County, in a set of newly announced transactions by CBRE.