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.

People
Connell announces three additions to culinary team at Berkeley Heights campus

The Connell Co. has unveiled three key additions to the culinary team at its sprawling business and hospitality campus along Interstate 78 in Union County.

Technology
Smart building tech provides a path to energy savings, sustainability

Landlords and technology firms say tools such as smart meters, sensors and cloud-based platforms can help reduce a building’s carbon footprint, which can come with the equal or greater selling point of cost savings on energy.

People
Vision Properties announces promotion, new Northeast vice president

Vision Properties has added to its executive team with a key promotion in its Northeast division.

Industrial
Investment firm acquires 24,000 sq. ft. Meadowlands industrial building

A locally based investment firm has expanded its portfolio with the purchase of a 24,000-square-foot industrial building in Carlstadt.

Retail
Jersey City plans $6.7 million overhaul of downtown pedestrian plaza

A nearly $7 million upgrade is coming to a key pedestrian plaza in downtown Jersey City, the latest in a series of streetscape improvements announced by local officials.

Retail
Flemington touts new business attraction amid ongoing economic development planning

More than a dozen new businesses opened in Flemington last year, helping to boost the borough’s retail scene as local leaders take a coordinated approach to economic development.

Retail
Net-leased Home Depot property in Bloomfield sells for $16.4 million

A real estate investment trust has sold a triple-net-leased Home Depot property in Bloomfield for more than $16 million, under a newly completed transaction by JLL.

Top News
NJAA cheers as $350 million rental assistance bill advances in Senate

A bill that would provide $350 million in rental assistance to apartment landlords and tenants has moved ahead in the state Senate, drawing support from the multifamily industry.

Office
JLL: Home infusion provider consolidates offices, takes 17,000 sq. ft. in Florham Park

A health care company is consolidating into a new location after agreeing to lease more than 17,000 square feet of office space in Florham Park, according to brokers with JLL.

Retail
Newmark: Cryotherapy chain takes 1,400 sq. ft. in Millburn, its first New Jersey location

A chain of cryotherapy studios has expanded into New Jersey, having signed a 1,400-square-foot lease at a Millburn shopping center.