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.

Residential & Mixed Use
Kislak closes $3.1 million sale of 11-unit rental building in South Orange

A private investor has paid more than $3 million for an 11-unit apartment building in South Orange, brokers with The Kislak Co. Inc. announced Monday.

Deals
Family estate sells 47,000 sq. ft. portfolio near Union train station, BRC says

A family estate has sold a 47,000-square-foot commercial portfolio in Union Township, in a newly announced transaction by Bussel Realty Corp.

Residential & Mixed Use
Fields Grade, Blumberg & Freilich unveil second phase of Jersey City rental project

A development team has brought another 68 luxury apartments to market in western Jersey City, marking the second phase of a project that opened its doors earlier this year.

Residential & Mixed Use
East Orange apartment portfolio fetches $113 million, Gebroe-Hammer says

An apartment owner has sold a 10-building, 641-unit portfolio in East Orange for $113 million, in a newly announced transaction by Gebroe-Hammer Associates.

Residential & Mixed Use
Arden, Spitzer detail plans for 390-unit apartment tower in Journal Square

A joint venture is eyeing a 2024 delivery for a planned 26-story, 390-unit apartment tower adjacent to the busy Journal Square PATH station in Jersey City.

Office
JDA taps Newmark as office leasing team for Hoboken, Jersey City project

The developer of a planned mixed-use project on the border of Hoboken and Jersey City has tapped Newmark as its leasing team for more than 100,000 square of new office space.

Retail
Dealership, automotive center takes 17,000 sq. ft. in Edison, Goldstein Group says

A high-end dealership and automotive center has leased more than 17,000 square feet of retail space in Edison, in one of two newly announced deals by The Goldstein Group.

Retail
Gloucester County shopping center sold after more than 60 years

A family has sold an 83,000-square-foot shopping center in Gloucester County after more than 60 years, in a transaction arranged by Vantage Commercial.

Industrial
Duke Realty breaks ground on 268,000 sq. ft. FreezPak facility in Woodbridge

Duke Realty Corp. has broken ground on a nearly 270,000-square-foot freezer facility in Woodbridge that will support the continued expansion of a locally based operator.

Policy Page
CRE.Converge takeaways: Connectivity, technology and flexibility yield resilience

Over 1,000 of commercial real estate’s top owners, developers, investors and allied professionals gathered in Miami Beach last month for NAIOP’s CRE.Converge event to hear insightful discussions with industry thought leaders.