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
Rose Commercial inks sale of 6,200 sq. ft. office building in Cherry Hill among latest deals

A law practice has acquired a Cherry Hill office building for $900,000, in one of three newly announced transactions by Rose Commercial Real Estate.

Government & Public Policy
Bill to allow third-party code inspections awaits action by Murphy

Commercial real estate leaders are awaiting the fate of a bill that would allow building owners in New Jersey to hire third-party, private-sector professionals to obtain faster code inspections.

Industrial
Three-building, 193,000 sq. ft. industrial complex in Bergen County sells for $27 million

A fully leased, three-building industrial complex in Bergen County has traded for $27 million, under a newly completed transaction by Cushman & Wakefield.

Residential & Mixed Use
Newark building with 11 apartments, retail space wins planning board approval, Taylor says

A developer has secured a key local approval for a planned 11-unit apartment building in downtown Newark, according to a team with Taylor Architecture & Design.

Office
NAI DiLeo-Bram inks office building sales in Cranford, Union

A veterinary practice has purchased a 2,800-square-foot office building in Cranford, in one of two newly announced deals by NAI DiLeo-Bram & Co.

Office
Connell debuts bike share program at sprawling Berkeley Heights business campus

The Connell Co. has launched a new bike share program at its flagship business campus in Berkeley Heights, the latest piece of its plan to revamp the 185-acre property.

Finance & Capital Markets
Citizens to acquire Investors Bancorp for $3.5 billion

Citizens Financial Group Inc. has agreed to acquire Investors Bancorp Inc., the Short Hills-based lender and a major player in recent years in New Jersey commercial real estate finance.

Industrial
Packaging, logistics firm takes 118,000 sq. ft. at Piscataway industrial park

A packaging and logistics company has leased nearly 120,000 square feet of industrial space in Piscataway, under a newly announced transaction by JLL.

Office
New 72,000 sq. ft. flexible workspace offering coming to Bell Works

Somerset Development is seeking to lure medium-sized businesses to its Bell Works complex, unveiling plans to create 72,000 square feet of flexible workspace at the Holmdel property.

Residential & Mixed Use
Gebroe-Hammer rides multifamily momentum, inks $917 million in first-half sales

Investor demand for New Jersey apartments has only intensified, fueling nearly $1 billion in multifamily sales by Gebroe-Hammer Associates in the first half of 2021.