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
Overhaul coming to Parsippany office building, with full-building availability on the horizon

The owner of a 175,000-square-foot office building in Parsippany has unveiled plans for a major overhaul of the property, as it looks ahead to the return of tenants after the pandemic.

Health Care & Education
CHA Partners debuts new senior living brand at East Hanover, Totowa projects

Development firm CHA Partners has unveiled a new upscale senior living brand for a soon-to-open facility and another that’s under construction, both in northern New Jersey.

Residential & Mixed Use
KRE eyes launch of 507-unit apartment tower in Jersey City

Kushner Real Estate Group is set to unveil its latest development in Jersey City, a 507-unit luxury apartment tower in a growing downtown arts district.

Office
Jersey City office tower changing hands in sale of Columbia Property Trust

A prominent Jersey City office building is set to change hands after its owner, Columbia Property Trust, announced Tuesday that the company would be acquired for $3.9 billion.

Office
Law firm to open Roseland office after lease with Bergman

A law practice is opening a new office in Roseland, under a newly announced transaction by Sheldon Gross Realty.

Professional Services
Sordoni announces promotion of longtime team member to project executive

Sordoni Construction Co. has named a new project executive after promoting a veteran member of its team.

Industrial
Industrial owners adapting, unlocking new revenue streams as parking requirements soar

Demand for parking in and around industrial properties has soared in New Jersey, fueled largely by the use of large delivery fleets, spurring changes in building design and creating new revenue streams for industrial owners.

Government & Public Policy
DCA marks payout of $232 million in COVID rent relief, launches eviction prevention program

The state has disbursed more than $230 million in federal funds aimed at providing relief to apartment renters and landlords impacted by the COVID-19 crisis, officials said last week.

Industrial
Investor acquires 23,000 sq. ft. fleet maintenance site in North Bergen

An investment manager has acquired the site of a 23,000-square-foot fleet maintenance facility in North Bergen, expanding its holdings in northern New Jersey.

Retail
Goodwill leases 20,000 sq. ft. in Hamilton amid growing demand, Vantage Commercial says

A new Goodwill Industries store is coming to a highly trafficked shopping center in Hamilton, under a lease arranged by Vantage Commercial.