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
Blackstone logistics, clean energy firms detail solar panel projects across New Jersey portfolio

A pair of Blackstone affiliates have unveiled plans to build rooftop solar panels across a portfolio of New Jersey warehouses, bringing renewable energy to some 10,000 homes in the state.

Retail
Marcus: Monmouth retail center trades for $4.2 million

An investor has sold a nearly 23,000-square-foot retail center in Monmouth County, brokers with Marcus & Millichap announced Monday.

Industrial
3PL firm takes 696,000 sq. ft. of industrial space in New Jersey, South Carolina, BRC says

A third-party logistics firm has leased nearly 400,000 square feet of industrial space in Middlesex County as part of a series of transactions spanning New Jersey and South Carolina.

Retail
Goldstein Group inks seven new retail property sales in northern, central New Jersey

The former home of a baby furniture store in Morris County has changed hands, in one of several newly announced deals by The Goldstein Group.

Industrial
NAI Hanson: Towing company expands, leases Elmwood Park site for fleet storage

A towing company is expanding its footprint after leasing a half-acre parcel in Elmwood Park, under a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
Newark Museum taps L+M for 250 apartments, retail space in $85 million arts campus project

A developer is slated to bring 250 apartments and retail and dining space to downtown Newark as part of a newly announced, $85 million campus around The Newark Museum of Art.

Residential & Mixed Use
Edgewood expands veterans housing program within growing New Jersey portfolio

With Veterans Day approaching, Edgewood Properties has announced an expansion of a program that helps provide housing to military service members.

Residential & Mixed Use
CBRE inks apartment sales in Essex, Middlesex totaling $10.6 million

An investor has sold a five-building, 28-unit apartment complex in Belleville for nearly $4 million, in the largest of three newly announced transactions by CBRE.

Professional Services
Veteran finance exec rejoins FirstService Residential on east region team

FirstService Residential has named a new executive vice president of finance for its east region, tapping a former member of its team who is returning after two years.

Sponsored Content
Conditions on PILOT agreements: What developers, municipalities need to consider

As the Long Term Tax Exemption Law has become more widely used, local and state legislatures have increasingly sought to impose additional conditions on developers for receiving payment in lieu of taxes agreements, or PILOTs. But it is important for municipalities and developers to remember that these conditions are not without limit.