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.

Housing supply, affordability back in focus as Atlantic Builders Convention returns

The New Jersey Builders Association is set to welcome thousands of homebuilders, service providers and vendors to Atlantic City from Oct. 11 to 13 for the Atlantic Builders Convention, the largest building industry tradeshow in the Northeast, after an 18-month hiatus.

Industrial

Linden light industrial building trades for $1.2 million, brokerage says

The site of a nearly 7,400-square-foot steel fabrication facility in Linden has changed hands for $1.2 million, under a transaction arranged by Kenneth J. Jones Inc.

Residential & Mixed Use

JLL inks sale of 328-unit luxury apartment complex in Meadowlands

An investment manager has sold a 328-unit luxury apartment complex in Lyndhurst, in a newly announced transaction by JLL.

Retail

T-Mobile takes 2,200 sq. ft. in downtown Newark, Goldstein Group says

T-Mobile is adding a new location in Newark after leasing more than 2,200 square feet at a prominent corner in the downtown, brokers with The Goldstein Group said Monday.

Retail

Café set to open at new luxury apartment complex in Bogota

A new eatery is coming to the ground floor of a recently opened luxury apartment complex along the banks of the Hackensack River in Bogota.

Roundtable

Which state or federal policy issues could be most impactful to commercial real estate in 2022?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say: Bob Atkins, principal, Atkins Cos. (West Orange) The possible elimination or limiting of the 1031 tax exchange program could have profound impacts…

Industrial

Piscataway industrial park trades for $10.5 million, NAI DiLeo-Bram says

A trailer leasing company has acquired a Piscataway industrial park for $10.5 million, in a newly completed transaction by NAI DiLeo-Bram & Co.

Professional Services

Three architects named principals at Wayne-based Di Cara | Rubino

Di Cara | Rubino Architects has named three new principals after a series of promotions at the Wayne-based firm.

Health Care & Education

CHA unveils new hospitality-infused, 100,000 sq. ft. senior living facility in East Hanover

A developer has unveiled a new 123-unit senior living facility in East Hanover, the first piece of what is slated to be a new hospitality-focused brand in health care and real estate.

The value of a pre-construction and development manager

Construction and development has time and time again proven to be an unpredictable environment. That is especially evident in today’s climate amidst the rollercoaster of material and labor costs, shifting demand of assets and challenges navigating political landscapes. For any novice or even seasoned property owner, this provides an extra layer of challenges when it comes to development. A proactive solution for owners to mitigate risk and explore additional value is to secure a strong Construction Manager.