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.

Petrucci taps CBRE as leasing team for 1 million sq. ft. Logan industrial project

J.G. Petrucci Co. Inc. has named CBRE as its leasing agent for more than 1 million square feet of new industrial space in Logan Township, the first piece of a planned four-building campus.

Mack-Cali names new CEO, as Gilmartin steps down as board chair

Mack-Cali Realty Corp.’s Harborside complex in Jersey City — Courtesy: Mack-Cali By Joshua Burd Mack-Cali Realty Corp. has named its new CEO, while announcing that MaryAnne Gilmartin has stepped down as board chair after leading the search for the new…

Government & Public Policy

EDA details plan to relaunch residential ERG program with $50 million tax credit pool

State officials are relaunching a high-profile developer tax credit program that was halted nearly two years ago, offering $50 million in subsidies as a result of a newly approved law.

Three-building industrial park in Passaic County sold for $10 million, C&W says

A family partnership has sold a three-building industrial park in Passaic County for $10.2 million, in a newly announced transaction by Cushman & Wakefield.

Colliers: Investment team adds 16,000 sq. ft. Camden County warehouse

An investment firm has added to its portfolio of industrial buildings in southern New Jersey, acquiring a 16,000-square-foot warehouse in eastern Camden County.

Residential & Mixed Use

Multifamily industry veteran joins FirstService high-rise division

FirstService Residential has named a new regional director in its high-rise division, bolstering its property management team along the northern New Jersey waterfront.

Residential & Mixed Use

Fort Monmouth residential project nearly sold out, RPM says

The first residential development at the repositioned Fort Monmouth property is nearly sold out, according to the team of RPM Development Group and CB New Homes of Madison.

Residential & Mixed Use

Ironstate, Pegasus unveil 310-unit rental project, their latest in Harrison

Ironstate Development Co. and the Pegasus Group have taken the wraps off a collection of 310 apartments in Harrison, their latest project along the town’s still-growing waterfront.

Investment group acquires 207,000 sq. ft. Elizabeth warehouse for $30 million

A private equity firm has acquired a 207,000-square-foot industrial building in Elizabeth, expanding its footprint in the last-mile logistics sector.

Residential & Mixed Use

CBRE: Developer closes on seven-acre site in Jersey City, eyes major residential project

A developer has acquired a series of parcels on the west side of Jersey City for $25.5 million, with plans calling for a large residential project across more than seven acres.