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.

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Preparing for your next DCA inspection — and new emergency contact info requirements

On Nov. 8, 2021, New Jersey enacted N.J.S.A. 55:13A-7.19, setting forth new requirements for landlords of multifamily dwellings. The law was designed to supplement the existing Hotel and Multiple Dwelling Law (N.J.S.A. 55:13A-1 et seq.), which is enforced by the Department of Community Affairs’ (“DCA”) Bureau of Housing Inspection. Under the new law, landlords of multifamily dwellings must provide tenants and prospective tenants with specific information regarding emergency contact instructions and how to contact social services for assistance.

Residential & Mixed Use
Bedrin, March offer new look at plans for Hawthorne luxury apartments (SLIDESHOW)

A development team has unveiled new details and design plans for a 118-unit luxury apartment building in Hawthorne, part of a mixed-use project that’s slated to open this summer.

Professional Services
Langan announces three principal-level promotions at Parsippany headquarters

Langan has announced more than a dozen principal-level promotions across its footprint, including three among its New Jersey-based team.

Professional Services
Greenbaum Rowe adds three associates on real estate team

Greenbaum, Rowe, Smith & Davis LLP has named three new associates in its real estate group as part of a series of new promotions and hires.

Industrial
Daunno Realty inks sale of 170,000 sq. ft. Cranford industrial building among latest deals

A private investor has acquired a nearly 170,000-square-foot industrial building in Cranford, in one of three recent transactions by Daunno Realty Services LLC.

Industrial
NAI Hanson: Hillside industrial building sold, set to become parking lot for nearby user

A business in Hillside has purchased an adjacent industrial building that it now plans to knock down in order to create a parking lot, in a deal arranged by NAI James E. Hanson.

Photos
Saddleback gifts $10,000 to Spring Lake Toys Foundation to help children with rare illnesses

Saddleback Real Estate Developers has continued its support for a charity that helps families of children with rare illnesses receive essential medical services, announcing a recent $10,000 donation for what’s known as the Spring Lake Toys Foundation.

Industrial
Woodmont adds industrial associate amid continued development, investment plans

Woodmont Industrial Partners has made an addition to its Fairfield-based team, as it eyes continued expansion in both the Northeast and other top logistics markets.

Industrial
Russo, Onyx see new frontier with rare large-scale industrial project in Morris County

Russo Development and Onyx Equities are banking on the need for local distribution space — and the rise of secondary industrial markets in New Jersey — after recently acquiring a coveted development site in East Hanover.

Industrial
Larken starts construction at 150,000 sq. ft. flex industrial park in Flemington

Larken Associates has broken ground on a four-building, 150,000-square-foot flex industrial park in Flemington.