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.

Diversified donates newly built self-storage space to Montville nonprofit

The developer of a new 755-unit self-storage facility in Montville has donated one of the spaces to a local nonprofit that provides clothing and other essential items to marginalized people.

Retail

Newmark: Home furnishings chain signs lease in Paramus for first New Jersey location

A home furnishings retailer has nailed down its first New Jersey location with the completion of a 9,400-square-foot lease in Paramus, in a newly announced transaction by Newmark.

Industrial

Duke Realty kicks off 217,000 sq. ft. spec warehouse in Piscataway

Duke Realty Corp. has broken ground on nearly 220,000 square feet of speculative industrial space in Piscataway, as it adds to its footprint in the fast-growing submarket.

Professional Services

Avison Young adds to New Jersey project management team with four new hires

Avison Young has announced four new hires for its fast-growing project management group in New Jersey.

Residential & Mixed Use

Kislak inks $2.6 million sale of East Orange apartment, retail asset

An East Orange property with 17 apartments and three retail spaces has changed hands for $2.6 million, according to a brokerage team with The Kislak Co. Inc.

Industrial

Event management firm takes industrial space in Cedar Knolls, NAI Hanson says

An event management business has leased space at an industrial building in the Cedar Knolls section of Hanover, under a deal arranged by NAI James E. Hanson.

Retail

Investor buys Starbucks-anchored properties in Mahwah, Ridgewood

An investment firm has acquired two retail properties along Route 17 in Bergen County, in a set of newly announced transactions by The Goldstein Group.

Government & Public Policy

Industrial builders flock to Franklin after zoning change, bringing new life to aging office sites

Franklin Township has more than 4 million square feet of industrial space in its development pipeline — most of it in the town’s well-known Somerset section — with a growing list of projects that call for razing and repurposing the sites of outdated office buildings.

Professional Services

Kimmerle touts four recent hires on project, marketing teams

Kimmerle Group has made four new hires in recent months as part of an ongoing expansion of its design, real estate, planning, development and branding practice.

Finance & Capital Markets

STRO inks $39 million refi of 395,000 sq. ft. New Jersey industrial portfolio

The STRO Cos. has secured a $39 million loan to refinance an eight-building, 395,000-square-foot industrial portfolio in northern and central New Jersey.