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.

Residential & Mixed Use
Joint venture hails latest leasing milestone at Hoboken rental building

Bijou Properties is touting a strong finish to 2020 at its recently developed, 424-unit luxury apartment building in western Hoboken.

Government & Public Policy
Murphy signs $14 billion incentive package

Gov. Phil Murphy has signed into law a bill that would create a seven-year, $14 billion package of tax incentives for key businesses and development projects in the state.

Industrial
Hartz eyes 515,000 sq. ft. industrial project in Teterboro

Hartz Mountain Industries is planning some 515,000 square feet of new industrial space in Teterboro after recently completing a 30-acre assemblage along Route 17.

Residential & Mixed Use
Kamson acquires 23-unit Morristown apartment building, Kislak says

The Kamson Corp. has expanded its apartment portfolio with the acquisition of a 23-unit building in Morristown, in a transaction arranged by The Kislak Co. Inc.

Industrial
Bridge, Link Logistics detail 428,000 sq. ft. industrial project in Lehigh Valley

Bridge Development Partners is crossing the Delaware River for its latest expansion, unveiling plans for nearly 430,000 square feet of new industrial space in Pennsylvania’s Lehigh Valley.

Residential & Mixed Use
BNE, Sterling launch leasing at next phase of Piscataway rental project

A joint venture has taken the wraps off the second phase of a newly built luxury apartment project in Piscataway.

Industrial
Sheldon Gross inks two new leases at Freehold industrial park

Two new tenants are coming to a Freehold industrial building after leasing a combined 12,535 square feet at the property, according to brokers with Sheldon Gross Realty.

Industrial
NAI Hanson: Brooklyn beverage maker buys 46,000 sq. ft. industrial building in Clifton

A Brooklyn-based beverage maker has expanded into North Jersey with its purchase of a nearly 46,000-square-foot industrial building in Clifton, according to NAI James E. Hanson.

Office
Newmark: With demand weakened by pandemic, New Jersey office market stumbles into 2021

Vacancy in the northern New Jersey office market grew for four straight quarters in 2020, even as a handful of industries showed the ability to withstand the effects of pandemic.

Residential & Mixed Use
Mack-Cali sells New Brunswick rental property for $47 million

Mack-Cali Realty Corp. has announced the sale of two luxury multifamily properties, including a 200-unit complex in New Brunswick that changed hands for $47 million.