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.

Top News
EDA to expand relaunched ERG program, adding $75 million for commercial projects

The Trenton statehouse By Joshua Burd State officials have rebooted another piece of the former Economic Redevelopment and Growth program — infusing it with a $75 million allocation specifically for commercial projects — as they continue to develop a series…

Residential & Mixed Use
Value Cos. plans 104-unit addition to vast apartment complex in Randolph

Value Cos. is set to break ground on the final piece of a sprawling apartment complex in Morris County, with plans to add 104 homes to a property that already has some 900 units.

Finance & Capital Markets
NAI DiLeo-Bram: Northern, central New Jersey investment sales bounce back in first half

Investment sales in a five-county swath of New Jersey rebounded in the first half of 2021, thanks to major deals in the industrial and office sectors and incremental growth in retail transactions.

Office
Rose Commercial inks sale of 6,200 sq. ft. office building in Cherry Hill among latest deals

A law practice has acquired a Cherry Hill office building for $900,000, in one of three newly announced transactions by Rose Commercial Real Estate.

Government & Public Policy
Bill to allow third-party code inspections awaits action by Murphy

Commercial real estate leaders are awaiting the fate of a bill that would allow building owners in New Jersey to hire third-party, private-sector professionals to obtain faster code inspections.

Industrial
Three-building, 193,000 sq. ft. industrial complex in Bergen County sells for $27 million

A fully leased, three-building industrial complex in Bergen County has traded for $27 million, under a newly completed transaction by Cushman & Wakefield.

Residential & Mixed Use
Newark building with 11 apartments, retail space wins planning board approval, Taylor says

A developer has secured a key local approval for a planned 11-unit apartment building in downtown Newark, according to a team with Taylor Architecture & Design.

Office
NAI DiLeo-Bram inks office building sales in Cranford, Union

A veterinary practice has purchased a 2,800-square-foot office building in Cranford, in one of two newly announced deals by NAI DiLeo-Bram & Co.

Office
Connell debuts bike share program at sprawling Berkeley Heights business campus

The Connell Co. has launched a new bike share program at its flagship business campus in Berkeley Heights, the latest piece of its plan to revamp the 185-acre property.

Finance & Capital Markets
Citizens to acquire Investors Bancorp for $3.5 billion

Citizens Financial Group Inc. has agreed to acquire Investors Bancorp Inc., the Short Hills-based lender and a major player in recent years in New Jersey commercial real estate finance.