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.

Industrial
Going fast: New report details shrinking lease-up times for spec warehouse space

Newly built speculative industrial space in northern New Jersey is leasing in less than two months on average, in the latest sign of the market’s ongoing supply and demand imbalance.

Office
C&W: Pentaurus adds 76,000 sq. ft. Morris County office building for $9.7 million

An investment firm is set to begin renovations at a Morris County office building after purchasing the property for more than $9.7 million, in a deal arranged by Cushman & Wakefield.

Professional Services
Connell Foley adds new partner, associate to Cherry Hill-based real estate team

Connell Foley LLP has bolstered its team of real estate attorneys in southern New Jersey with the addition of two veteran practitioners.

Industrial
Investor buys 8,700 sq. ft. ex-bakery facility in Carlstadt, Marcus says

A private investor has purchased a nearly 9,000-square-foot industrial building in Carlstadt for $2.7 million, brokers with Marcus & Millichap announced Monday.

Residential & Mixed Use
Leasing activity soars at 507-unit Jersey City rental tower built by KRE, Northwestern

Renters have snapped up more than 400 homes at a newly opened, 507-unit apartment tower in downtown Jersey City, the building’s developers announced Monday.

Event Coverage
Panel: Environmental, social and governance goals play a growing role in CRE investing

Commercial real estate investors are increasingly focused on environmental, social and governance initiatives, or ESG, as they look to the future of their portfolios, partnerships and daily business operations.

Office
Newmark: Biotech firm extends amid nearly 60,000 sq. ft. in leasing at Iselin office park

A biotechnology firm with offices in Woodbridge has expanded its lease to nearly 28,000 square feet, in the largest of several newly completed deals by Newmark.

Professional Services
Top retail broker rejoins CBRE New Jersey team

A longtime New Jersey retail broker has returned to CBRE.

Residential & Mixed Use
Developer lands approval for 71 apartments in Plainfield, Taylor Architecture says

A proposal that would bring another 71 apartments to Plainfield is moving ahead after securing an approval from the city’s planning board, the project’s design team announced.

Office
Global financial firm renews for 16,600 sq. ft. at Jersey City office tower, C&W says

A global financial services firm has signed a nearly 17,000-square-foot renewal along the Hudson waterfront in Jersey City, brokers with Cushman & Wakefield said Friday.