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.

People
Woodmont adds four team members amid growing development, investment platform

Woodmont Properties has announced four new hires to support its ongoing growth and expansion across multiple asset classes throughout the region.

Finance & Capital Markets
Spencer Savings Bank seals merger with Mariner’s, adding six branches in North Jersey

Spencer Savings Bank SLA has completed its merger with Edgewater-based Mariner’s Bank in an all-cash transaction.

Residential & Mixed Use
NAI DiLeo-Bram: New apartments coming to Plainfield building after $1.25 million sale

An investment group is set to build a dozen new apartments inside an existing commercial building in Plainfield, following a sale arranged by NAI DiLeo-Bram & Co.

Residential & Mixed Use
Russo unveils 296-unit rental project at Garwood train station

Russo Development has launched leasing at a new 296-unit high-end apartment building in Garwood, seeking to lure renters to a site that is steps from commuter rail service.

Office
Larken, speech therapy practice ink 1,600 sq. ft. lease in Hillsborough

Larken Associates has negotiated a lease with Speech Therapy Solutions for 1,557 square feet of office space in Hillsborough.

Residential & Mixed Use
JLL: AvalonBay sells 632-unit rental property minutes from downtown Princeton

AvalonBay Communities Inc. has sold a 19-building, 632-unit apartment development just outside Princeton, in a newly announced transaction by JLL.

Industrial
Rockefeller breaks ground on 346,000 sq. ft. logistics center in Burlington County

Rockefeller Group has made another addition to its fast-moving construction pipeline, touting the start of a nearly 350,000-square-foot distribution center project in Burlington County.

Office
Amazon ditches plan for 400,000 sq. ft. lease at Mack-Cali campus in Jersey City, report says

Amazon has reportedly scrapped a plan to take some 400,000 square feet of office space at Mack-Cali Realty Corp.’s renovated Harborside campus in Jersey City.

Industrial
Duke acquires 53-acre storage lot in Newark, eyeing potential redevelopment near port

Duke Realty has announced its purchase of a 53-acre site in Newark, providing it with a coveted outdoor storage lot and a future redevelopment opportunity.

People
JDA Group executive promoted to vice president

Commercial real estate firm JDA Group LLC has announced a promotion on its team as it looks ahead to a high-profile development project and other growth opportunities.