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
Leases by CityMD, SportsMed among newest New Jersey deals by Goldstein Group

CityMD is expanding its footprint in New Jersey with a nearly 4,000-square-foot lease in Bergen County, in one of several newly announced deals by The Goldstein Group.

Editor’s Note
On the money

I’ve spent a decade watching Devco tackle some of the state’s largest, most ambitious redevelopment projects with complex capital stacks and broad coalitions of stakeholders. It’s a topic that we feature in this month’s cover story, which follows a year in which the organization broke ground on more than $1.5 billion worth of development. That makes it all the more timely for us to highlight an operation that is seemingly unlike any other developer in New Jersey.

Industrial
Faropoint buys 655,000 sq. ft. North Jersey industrial portfolio from Kushner for $133 million

A fast-growing investment firm has planted a flag in northern New Jersey, acquiring a 10-building industrial portfolio in Bergen and Morris counties for nearly $133 million.

People
MSM Equities names new partner, chief investment officer

MSM Equities, a Short Hills-based real estate investment and advisory firm, has named a new partner and chief investment officer.

Retail
Korean restaurant to join new dining, retail tenants at Newark’s Gateway, Onyx says

An acclaimed local restaurateur is coming to Newark’s Gateway Center, in one of several newly announced additions to the office complex’s revamped retail and dining space.

Office
NAI DiLeo-Bram inks sale of 10,000 sq. ft. office building in Union Twp.

NAI DiLeo-Bram & Co. has completed the sale of a multitenant, 10,296-square-foot office building in Union Township, the firm announced Tuesday.

Industrial
STRO announces new director of construction

The STRO Cos. has hired an industry veteran as its new director of construction.

Government & Public Policy
Capital City Redevelopment Corp. updates key planning document for downtown Trenton

A state agency has unveiled a new plan that it hopes will spark economic development in and around downtown Trenton.

Office
CBRE: Long Island firm buys 122,000 sq. ft. Roseland office building for $16 million

An investment firm has added its first New Jersey property with its purchase of a nearly 122,000-square-foot office building in Roseland, brokers with CBRE said Monday.

Residential & Mixed Use
AvalonBay eyes start of site work at $350 million mixed-use project at Princeton Junction

AvalonBay Communities Inc. has taken its first steps toward transforming an outdated office complex in West Windsor, where plans call for more than 800 units of housing, retail and public space as part of a vibrant destination at the Princeton Junction train station.