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.

Office
Argent taps CBRE as leasing agent at ex-Honeywell campus in Morris Plains

The new owner of the 465,000-square-foot former Honeywell headquarters building in Morris Plains has selected CBRE as its leasing agent at the property.

Office
Medical user takes 1,750 sq. ft. in Medford, Vantage Commercial says

An office complex in Burlington County is now fully leased after a recently completed, 1,750-square-foot transaction by Vantage Commercial.

Residential & Mixed Use
Developer buys Parsippany site slated for 325 apartments, C&W says

A developer has acquired a site in Parsippany that is fully approved for the construction of 325 upscale apartments, in a newly completed transaction by Cushman & Wakefield.

Residential & Mixed Use
Roseland opens 360-unit luxury rental project at Port Imperial

Roseland Residential Trust has unveiled a 360-unit luxury apartment building in West New York, the latest piece of its acclaimed Port Imperial development.

Industrial
BRC: Manufacturer takes 23,000 sq. ft. at New Brunswick industrial building

A paper bag manufacturer has leased 23,000 square feet of industrial space in New Brunswick, under a deal arranged by Bussel Realty Corp.

People
Larken adds senior estimator to in-house construction team

Larken Associates has hired a new senior estimator as the latest piece of its in-house construction team.

Government & Public Policy
DMR announces start of Ridgefield municipal complex

The borough of Ridgefield has broken ground on a new 27,000-square-foot municipal complex, according to members of the project team with DMR Architects.

Residential & Mixed Use
A decade after pivoting, Hartz Mountain has created a residential destination in Weehawken

Hartz Mountain Industries has built nearly 1,400 apartments along the Weehawken waterfront, having pivoted from a plan that once called for 2.5 million square feet of commercial space.

Policy Page
Survival skills honed in 2020 lead to a better-prepared 2021

As Charlie Chaplin said in the last century, “Nothing is forever in this world, not even our problems.” That is, unless you don’t learn from your mistakes and continue to do things the same way. The days are numbered for any business, organization or government agency (without a rainy day fund) that doesn’t adjust, right-size their operation and get prepared for the next disruption that’s just around the corner.

Office
WCRE named leasing agent at Marlton office campus

The new owner of a four-building, 135,000-square-foot office portfolio in Burlington County has tapped Wolf Commercial Real Estate as its leasing agent.