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
Manhattan Building Co. eyes sweeping plan to transform Jersey City neighborhood

A developer with deep roots in Hudson County has proposed building more than 2,300 apartments at the edge of downtown Jersey City, seeking to transform several blocks of blighted property just east of the New Jersey Turnpike extension.

Residential & Mixed Use
Somerset closes on 31-acre transit village site in Somerville

Somerset Development has completed its long-awaited acquisition of 31 acres in downtown Somerville, paving the way for a project that includes more than 500 residential units and other uses adjacent to the borough’s train station.

Office
Hartz sells Woodcliff Lake office building for $36 million, C&W says

An investment group has acquired a 118,000-square-foot, single-tenant office building in Woodcliff Lake for $36 million, in a newly announced transaction by Cushman & Wakefield.

Industrial
Apparel company leases 203,000 sq. ft. warehouse in South Brunswick

An apparel company has leased an entire 203,488-square-foot warehouse and distribution center under construction in South Brunswick, brokers with JLL announced Monday.

Professional Services
JLL closes on $1.8 billion acquisition of HFF

Real estate services firm JLL has closed on its $1.8 billion acquisition of HFF, greatly expanding its capital markets platform under a blockbuster deal announced earlier this year.

Hospitality & Tourism
Morris, Jingoli look to build on Hard Rock’s first year in Atlantic City

As they mark the anniversary of the debut of the Hard Rock Hotel & Casino Atlantic City, the property’s well-known local partners are seeking to build on a successful first year in business and in the community.

Office
NKF inks 35,000 sq. ft. renewal at New Providence office building

An information services company has renewed its 35,000-square-foot lease at a New Providence office building, under a newly completed transaction by Newmark Knight Frank.

Retail
Japanese fast casual chain coming to Newark rental building, Paramount says

Paramount Assets has attracted another retailer to its new boutique apartment building in Newark, inking a 1,500-square-foot lease with a Japanese fast casual concept.

Professional Services
REDCOM launches auto dealership renovation in Englewood Cliffs

REDCOM Design & Construction has kicked off the renovation of a Toyota dealership in Englewood Cliffs, with completion slated for later this year.

Industrial
NKF: Food manufacturer expands, takes 200,000 sq. ft. in Parsippany

A food company has leased more than 200,000 square feet in Parsippany, with plans to use the space as the site of its newest manufacturing and distribution facility in New Jersey.