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.

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.

Residential & Mixed Use
Updated 10-unit apartment building in North Bergen trades for $1.7 million, Cervelli says

A private investor has purchased a 10-unit apartment building in North Bergen for $1.68 million, according to a brokerage team with Cervelli Real Estate & Property Management.

Government & Public Policy
Aiming high: A gleaming new office tower is Camden’s next big swing. Officials are now quietly working to get the project started.

Dreams of a building a new 25-story, 500,000-square-foot office tower in Camden still hinge on addressing several complex issues, but officials are confident in the project’s future, citing commitments from several key anchors in the city and the type of cooperation that has helped other large-scale investments in the city come to fruition.

Featured
Marcus Partners plans 72,000 sq. ft. warehouse after office teardown in Whippany

Marcus Partners’ plans at 35 South Jefferson Road in Whippany call for a new 72,000-square-foot logistics facility with 36-foot clear ceiling heights and a layout that will cater to single- or multitenant use. — Rendering courtesy: Marcus Partners By Joshua…

People
Scarinci Hollenbeck welcomes longtime attorney, municipal official DeMarco

Joseph DeMarco has joined Scarinci Hollenbeck LLC as a partner, bolstering its real estate, land use and public practices with a veteran attorney and municipal administrator.

People
Brown joins IRG as vice president, director for Pearl River innovation campus

The owner of a 2 million-square-foot research campus just north of New Jersey has tapped commercial real estate veteran Greg Brown as the property’s top executive.