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.

Retail
LMC: Arrival of new ShopRite advances major overhaul of Blue Star Shopping Center

Village Super Market Inc. has opened a new ShopRite at Blue Star Shopping Center in Watchung, delivering the centerpiece of a plan to update and expand the landmark property.

Industrial
Developers ink $15 million construction loan for Montvale self-storage project, JLL says

A joint venture has closed on a nearly $15 million construction loan for a planned 989-unit self-storage facility in Montvale, brokers with JLL announced last week.

Residential & Mixed Use
The Marq Teaneck, new 256-unit rental building by Malas Development, hits 50 percent leased

Malas Development has leased more than 50 percent of a new 256-unit luxury apartment building in Teaneck, hitting a key milestone in the first phase of a larger redevelopment project.

Office
Atkins, Denholtz enter next phase of updates at Westchester County health care campus

Atkins Cos. and Denholtz have completed the first phase of a plan to upgrade a 490,000-square-foot office building in Westchester County that the firms acquired in 2023.

Residential & Mixed Use
Tishman Speyer buys 200-unit Montclair rental property in $96 million deal by CBRE

Tishman Speyer has acquired 200 apartments in downtown Montclair for more than $96 million, adding a building that opened in 2021 as part of a high-profile redevelopment project.

Residential & Mixed Use
Walters begins construction on new 198-unit Galloway rental property

Walters has broken ground on the first phase of a project that will bring 198 income-restricted apartments to the Atlantic County township of Galloway.

Industrial
Vantage Commercial: Tire company buys 42,000 sq. ft. industrial property in Camden County

A tire distributor has acquired a 42,000-square-foot industrial building in the Blackwood section of Gloucester Township, brokers with Vantage Commercial announced last week.

Residential & Mixed Use
Larken Associates wins three Sales and Marketing Awards at Atlantic Builders Convention

Larken Associates has earned high praise for its team and its promotion of a new rental property in Hunterdon County, winning multiple honors at the New Jersey Builders Association’s annual Sales and Marketing Awards.

Residential & Mixed Use
West Side Square takes shape in Jersey City as developers eye 357-unit second phase

The team behind a 477-unit luxury apartment complex that’s under construction in Jersey City has unveiled plans for a second phase, one that would bring another 357 units to the area.

Professional Services
Greenbaum elects Koonz as fourth managing partner in firm’s 111-year history

Greenbaum, Rowe, Smith & Davis LLP, the storied New Jersey law firm, has named environmental and energy attorney Barbara J. Koonz as its new managing partner.