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.

Government & Public Policy
NJ Transit awards contract, initial funding to begin Newark Penn Station upgrade

NJ Transit has awarded a key contract that it says will help kick off its long-awaited, $190 million restoration and upgrade of Newark Penn Station.

Residential & Mixed Use
Woodmont breaks ground on 120-unit luxury rental complex in Warren County

Woodmont Properties has broken ground on its latest multifamily project, with plans calling for 120 luxury apartments just west of Hackettstown in Warren County.

Industrial
BRC named leasing agent at 207,000 sq. ft. Somerset industrial building

The owner of nearly 210,000 square feet of industrial space in Franklin Township has tapped Bussel Realty Corp. as its leasing agent.

Office
Teaneck office building sold, set to become student housing for Orthodox Jewish school

The operator of an Orthodox Jewish school has purchased an 8,300-square-foot office building in Teaneck, brokers with NAI James E. Hanson announced Monday.

Health Care & Education
Atkins announces upgrades at 120,000 sq. ft. medical office building in West Orange

Atkins Cos. has kicked off its renovation of a 120,000-square-foot medical office building in West Orange located across from the Cooperman Barnabas Medical Center.

Residential & Mixed Use
OneWall sells 301-unit East Orange workforce housing portfolio for $53 million

An apartment owner has sold a five-building, 301-unit portfolio in East Orange for $53 million, under a transaction arranged by CBRE.

Office
CSG, Cushman detail plans for law firm’s new 109,000 sq. ft. HQ in Roseland

A major renovation is coming to a Roseland office building in conjunction with a newly announced, 109,000-square-foot lease by law firm Chiesa Shahinian & Giantomasi PC.

Finance & Capital Markets
JLL inks $15 million loan for new 146,000 sq. ft. industrial building in Hamilton

A joint venture has landed a $15.3 million acquisition loan for a newly developed industrial property in Hamilton, in a deal announced by JLL.

Office
Onyx, Atlanta-based law firm ink 20,000 sq. ft. lease in Paramus

An Atlanta-based law firm has taken more than 20,000 square feet in Paramus as part of a plan to consolidate its footprint in New Jersey, brokers with Cushman & Wakefield announced.

Professional Services
Newmark adds to New Jersey team as part of corporate services platform expansion

Newmark has made five new additions to a team that supports corporate tenants, including a recent hire in its New Jersey office.