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.

Retail
Preowned electronics store PayMore opens in Paramus, Goldstein Group says

A chain of preowned electronics stores has arrived in Paramus after a recent lease arranged by The Goldstein Group, the brokerage team announced Monday.

Retail
Domino’s franchise takes 1,300 sq. ft. in Ringwood, Christie’s Commercial says

A new Domino’s is opening at a Passaic County shopping center after a lease arranged by Christie’s Commercial Real Estate, the brokerage firm said last week.

Residential & Mixed Use
Accordia closes on West Caldwell site after landing approvals for 92-unit rental project

Accordia has secured final site plan approval from local officials for a project that will bring 92 luxury apartments to West Caldwell.

Events
The road ahead for industrial: Join us Sept. 10 as we discuss the state of logistics, cold storage and more

Hear the latest in development, tenant demand and other trends in warehouse and logistics space.

Government & Public Policy
NJBA hosts record-setting fundraiser for PAC as annual ‘Summer Soiree’ returns

The strength of the New Jersey Builders Association was on display last week as the organization hosted a record-setting fundraiser for its influential political action committee.

Residential & Mixed Use
JLL lists 67-unit Hudson Valley rental property with upside through renovation, development

The owner of a 67-unit apartment complex in New York’s Hudson Valley is looking to sell or recapitalize the property, brokers with JLL said, touting its value-add potential through renovations and an adjacent development parcel.

Professional Services
Clarke Caton Hintz announces four promotions to Trenton-based design team

Design firm Clarke Caton Hintz has named two new associates and two new senior associates after four recent promotions on its team.

Residential & Mixed Use
State program in focus as Michaels, Virtua open new Camden housing with on-site health care

Housing and health care have come together in Camden as part of a new age-restricted, 47-unit apartment building that opened its doors last month.

Office
Nokia Bell Labs tower set to rise in downtown New Brunswick as executives, officials break ground on new 370,000 sq. ft. facility

The steel frame of a new landmark tower for Nokia Bell Labs will be visible in downtown New Brunswick as soon as next spring, with construction well underway on a facility that will be the technology giant’s home for decades to come.

Residential & Mixed Use
Cervelli: Investor adds 20-unit West New York apartment building for $3.3 million

A regional private investor has acquired a 20-unit apartment building in West New York for $3.34 million, in a deal arranged by Cervelli Real Estate & Property Management.