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.

Professional Services
JLL New Jersey team hires executive V.P. focused on tenant rep, portfolio strategy

JLL has added a veteran broker to its New Jersey office leasing team, with a focus on tenant representation and portfolio strategy for national and global clients.

Residential & Mixed Use
Somerset plans groundbreaking for 180-unit Fort Monmouth project after key approval

Somerset Development has landed a key local approval to redevelop a 15-acre section of Fort Monmouth, with plans calling for a mix of 180 townhomes and apartments.

Residential & Mixed Use
Connell secures rezoning, eyes start of mixed-use project at iconic Berkeley Heights campus

Local officials have approved the rezoning of The Connell Co.’s 185-acre business campus in Berkeley Heights, paving the way for new apartments, retail and entertainment venues alongside the property’s existing office and hospitality buildings.

Professional Services
Colliers adds office leasing, life sciences broker among latest New Jersey hires

Colliers International has made two more additions in New Jersey, bolstering its team of office leasing and capital markets brokers in the state.

Professional Services
Langan adds ESG consulting, due diligence practice for M&A clients

Langan Engineering & Environmental Services has added a team of consultants focused on due diligence for environmental, social and governance issues, as it looks to serve an area of growing importance to major corporations.

Industrial
Dermody names new director of property management for East Coast portfolio

Dermody Properties has announced a new hire to the team overseeing its East Coast portfolio of industrial buildings.

Retail
Hoboken landlord announces 16 new leases across retail, office portfolio

A locally based developer and property owner has announced 16 new commercial leases across its Hoboken portfolio, bringing a host of new businesses to the Mile Square City.

Residential & Mixed Use
FirstService Residential director tapped for business development role

FirstService Residential has named a new business development director in New Jersey and Pennsylvania, the property management company announced Tuesday.

Health Care & Education
St. Joseph’s to occupy new ground-up 140,000 sq. ft. medical complex in Totowa

A hospital network is expanding its footprint with a built-to-suit, 140,000-square-foot medical office complex in Totowa, in a newly announced transaction by Lee & Associates New Jersey.

Finance & Capital Markets
Stro inks $28 million refi for industrial buildings in Union, Bergen counties

The Stro Cos. has secured nearly $28 million to refinance a five-building, 340,000-square-foot portfolio of industrial buildings in Union and Bergen counties.