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
Onyx touts new hires, including senior staff members, to support growing portfolio

Onyx Equities LLC has announced several new hires in finance, development and construction management as it continues an aggressive expansion and diversification of its portfolio.

Residential & Mixed Use
Bayonne developer unveils 90-unit, loft-style project (SLIDESHOW)

A developer has debuted 90 loft-style apartments in Bayonne, marking the latest building to open in the city’s growing luxury residential pipeline.

Office
NKF touts $152 million sale of Bridgewater life sciences campus

A joint venture has reaped more than $150 million from the sale of a high-profile life sciences campus in Bridgewater, under a recent transaction by Newmark Knight Frank.

Residential & Mixed Use
Plainsboro apartment complex trades for $145 million

An investment group has sold a 704-unit garden apartment complex in Plainsboro for $145 million, marking the latest high-profile trade of a large multifamily asset in the township.

Office
JLL: Transit hub submarkets stay on track with rent growth, tenant demand

Office markets around New Jersey’s transit hubs are still outshining their suburban counterparts, with a widening gap in asking rents and continued interest from major tenants.

Top News
Russo launches construction on third Kearny residential project

Russo Development has embarked on its third residential property in Kearny, hailing the start of a 268-unit project at the former site of baseball bat factory.

Residential & Mixed Use
Boutique rental building opens in downtown Rutherford (SLIDESHOW)

A developer is hailing the opening of a new 52-unit luxury apartment building in downtown Rutherford.

Industrial
Mertz inks sale of 80,000 sq. ft. industrial building in Logan

An investor has acquired an 80,300-square-foot light industrial building in Logan Township, under a newly completed transaction by NAI Mertz.

Office
Chilmark touts new office leases in Morris, Union counties

A consulting firm has leased 7,000 square feet at a Florham Park office building, in one of several newly announced transactions by Chilmark Real Estate Services LLC.

Residential & Mixed Use
CBRE: Investment group inks $75 million apartment sale in Bergen County

An investment group has reaped more than $75 million from the sale of two garden apartment complexes in Bergen County, brokers with CBRE announced Wednesday.