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
Newmark: Health care, business litigation law firm expands to 18,000 sq. ft. in Paramus

A law firm is relocating and expanding to more than 18,000 square feet inside a Paramus office building, under a newly announced transaction by Newmark.

Residential & Mixed Use
Builder acquires Hackensack parcels, securing approvals for 224 apartments, NAI Hanson says

A construction firm has closed on four adjacent parcels in downtown Hackensack, having secured approvals to build 224 new apartments with ground-floor retail space.

Finance & Capital Markets
Progress inks $20 million construction loan for new luxury rentals in East Orange

The developer of a new 119-unit luxury apartment building in East Orange has landed nearly $20 million in financing, according to a debt advisory team with Progress Capital.

Industrial
Chicago-based developer acquires Burlington site, plans 1.5 million sq. ft. logistics park

A developer has closed on more than 70 acres in Burlington County, paving the way for as much as 1.5 million square feet of new industrial space along Route 130.

Residential & Mixed Use
Tolls Bros. debuts first homes at redeveloped ex-A&P headquarters site in Montvale

Toll Brothers has unveiled the first pieces of a new luxury residential community in Montvale, where it’s redeveloping the site that once housed A&P’s corporate headquarters.

Health Care & Education
Devco, Jingoli mark completion of train-to-hire construction program in New Brunswick

A job training program tied to the construction of a new cancer hospital in New Brunswick has graduated its first class, with the help of city business leaders and anchor institutions.

Professional Services
Insurance broker names vice president for Hamilton-based team

An insurance brokerage has promoted a long-serving team member to vice president of operations within its environmental and construction professional practice.

Top News
EDA to expand relaunched ERG program, adding $75 million for commercial projects

The Trenton statehouse By Joshua Burd State officials have rebooted another piece of the former Economic Redevelopment and Growth program — infusing it with a $75 million allocation specifically for commercial projects — as they continue to develop a series…

Residential & Mixed Use
Value Cos. plans 104-unit addition to vast apartment complex in Randolph

Value Cos. is set to break ground on the final piece of a sprawling apartment complex in Morris County, with plans to add 104 homes to a property that already has some 900 units.

Finance & Capital Markets
NAI DiLeo-Bram: Northern, central New Jersey investment sales bounce back in first half

Investment sales in a five-county swath of New Jersey rebounded in the first half of 2021, thanks to major deals in the industrial and office sectors and incremental growth in retail transactions.