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
Avison Young bolsters New Jersey asset management team with transfer from New York

A senior portfolio manager at Avison Young has moved to the firm’s New Jersey office, marking the latest addition to its growing team in the state.

Government & Public Policy
New Jersey legalizes cannabis in long-awaited move with social justice, economic impacts

Adult use of cannabis is now legal in New Jersey, cementing a key piece of Gov. Phil Murphy’s agenda and paving the way for what could be an impactful industry for commercial real estate.

Finance & Capital Markets
Parkview lends $61 million for 282-unit condo project in Port Imperial

A developer seeking to build more than 280 waterfront condominiums in Weehawken has landed $61 million in financing, in a newly completed transaction by Parkview Financial.

Industrial
BRC inks sale of 80,000 sq. ft. industrial building in Middlesex County

A maker of ice melting products has sold an 80,000-square-foot industrial building in Middlesex County for more than $9 million, according to brokers with Bussel Realty Corp.

Professional Services
Following sale, Maser completes transition to new Colliers engineering platform

Maser Consulting PA has completed its rebranding under the Colliers banner, following a deal last year in which the latter acquired a controlling interest in the engineering firm.

Residential & Mixed Use
Newark: Developer of 270-unit rental tower lands PILOT, plans groundbreaking this year

The developer of a 270-unit apartment tower in Newark is eyeing a groundbreaking later this year after city officials approved a 30-year tax abatement for the project.

Government & Public Policy
Greenbaum Rowe attorney tapped for newly created NJBA redevelopment counsel post

The New Jersey Builders Association has tapped a partner with Greenbaum, Rowe, Smith & Davis LLP for the newly created position of redevelopment counsel.

Professional Services
MSW announces new hires in litigation, land use groups

Murphy Schiller & Wilkes LLP has expanded its litigation and land use practice groups with its two latest additions.

Residential & Mixed Use
Developers tout fast start at Long Branch condo project (SLIDESHOW)

A development group has launched preconstruction sales at a collection of more than two dozen luxury homes along the Long Branch waterfront.

Office
Labor group acquires Hightstown building for new headquarters, WCRE says

A labor organization is moving its headquarters after acquiring a 16,000-square-foot office building in Hightstown, in a newly announced deal by Wolf Commercial Real Estate.