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.

Government & Public Policy
Lawmakers pass $14 billion incentives bill, with Murphy expected to sign

A bill to create a sweeping new program of business and development incentives in New Jersey is awaiting Gov. Phil Murphy’s signature after being passed by state lawmakers on Monday.

Industrial
JLL: Logistics, fragrance tenants combine for 81,000 sq. ft. in Fairfield

Two industrial tenants have leased a combined 81,400 square feet at separate buildings in Fairfield, in a set of newly announced transactions by JLL.

Government & Public Policy
HMFA names new executive director to succeed retiring Richman

The state has named the new leader of the New Jersey Housing and Mortgage Finance Agency, tapping a key official in the Department of Community Affairs to fill the role.

Industrial
CenterPoint adds 30,000 sq. ft. industrial building on four-acre site in Woodbridge

CenterPoint Properties has made another acquisition in New Jersey, adding a nearly 30,000-square-foot industrial building in Woodbridge with an abundance of excess land for parking.

Finance & Capital Markets
Owner of West Orange medical office building refinances, JLL says

Atkins Cos. has refinanced the debt on a nearly 121,000-square-foot medical office building in West Orange, brokers with JLL announced Monday.

Office
C&W: Colors, flavors company takes 15,000 sq. ft. in Somerset

A manufacturer has leased nearly 15,000 square feet of laboratory and office space in the Somerset section of Franklin, in a transaction arranged by Cushman & Wakefield.

Residential & Mixed Use
AvalonBay sells 384-unit complex in Somerset, JLL says

AvalonBay Communities Inc. has sold a 384-unit luxury multifamily complex in the Somerset section of Franklin, under a newly announced transaction by JLL.

Professional Services
DMR makes five new hires as pipeline continues to grow

DMR Architects has added five new team members in design and business development, touting a growing project pipeline despite the recent economic uncertainty.

Office
NAI DiLeo-Bram touts sale of 6,200 sq. ft. office building in Union County

A medical practice has purchased a nearly 6,200-square-foot office building in Berkeley Heights, under a newly completed transaction by NAI DiLeo-Bram & Co.

Retail
NIA National: Piano seller expands to New Jersey, leases 3,600 sq. ft. in Paramus

A piano seller has opened its fifth store and its first New Jersey location, inking a 3,600-square-foot lease along Route 17 in Paramus.