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.

Government & Public Policy
Mixed-use project in Paterson advances with support from EDA, HFMA

A partnership is eyeing plans to bring 74 new apartments to Paterson, in a project that calls for both new construction and the restoration of a historic mill property near the city’s Great Falls.

Professional Services
LAN executive promoted, named company’s first-ever COO

LAN Associates has tapped a longtime engineer and executive with the firm as its first-ever chief operating officer.

Retail
Prism inks retail lease at Woodbridge project, securing space for café owned by Eric LeGrand

Former Rutgers University football player Eric LeGrand will open a new café in downtown Woodbridge, becoming the first retail tenant at a new development by Prism Capital Partners.

Office
Atlantic County office complex trades for $1.35 million, CBRE says

A three-building office park in Atlantic County has changed hands for $1.35 million, in a newly completed transaction by CBRE.

Professional Services
NAWIC charters Princeton chapter, its first in New Jersey

A leading industry organization for women in construction has launched a new chapter in Princeton, marking its entrance to New Jersey with the addition of more than 40 members.

Office
LPC inks new leases, extensions at Parsippany office building

Seven tenants have combined to lease nearly 30,000 square feet at a Parsippany office building, in a string of newly announced transactions by Lincoln Property Co.

Industrial
Bridge Industrial names new vice president of cold storage

Development firm Bridge Industrial has named a new vice president of cold storage, as it looks to continue its growth in a booming segment of the warehouse and logistics market.

Industrial
Joint venture taps Avison Young, C&W for 702,000 sq. ft. industrial project in Burlington

A joint venture has unveiled plans for a project that will add more than 700,000 square feet of new industrial space to the Burlington County borough of Palmyra.

Residential & Mixed Use
Developers partnering with state, University Hospital for new affordable housing in Newark

A new 78-unit affordable housing development is coming to Newark’s West Ward as part of a collaboration among state officials, private-sector builders and a key hospital in the city.

Industrial
NAI Hanson industrial team expands with new hire, internal addition

A team of industrial brokers at NAI James E. Hanson has expanded with a new hire and the addition of an existing associate at the Teterboro-based firm.