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
Biotech firm, weighing 90,000 sq. ft. HQ in Plainsboro, wins EDA tax credit approval

The state has approved a 10-year, $12.8 million tax credit package to encourage a biotechnology company to expand in Mercer County, with the potential to take 90,000 square feet at a former Bristol-Myers Squibb headquarters campus in Plainsboro.

Government & Public Policy
EDA unveils new loan program for brownfields cleanup, redevelopment

State officials have added a new financial tool for property owners seeking to clean up and redevelop contaminated sites in New Jersey.

Office
South Jersey office market holds steady in Q1, WCRE says

The southern New Jersey office market saw modest gains to start the year, recording nearly 375,000 square feet of leasing volume in the region’s three most active counties.

Professional Services
Longtime restaurateur joins NAI Mertz sales team

NAI Mertz has made another addition to its fast-growing brokerage team, hiring a sales associate with a focus on expanding its retail platform.

Residential & Mixed Use
Larken breaks ground on 198-unit rental project near Phillipsburg

Nearly 200 new apartments are coming to Warren County, where a real estate firm is redeveloping the former site of a well-known farm and garden center.

Industrial
New Jersey project will be this year’s top industrial delivery, report says

The unrelenting demand for industrial space has fueled new construction across the country — and New Jersey is home to what will be the largest project of the year.

Hospitality & Tourism
Deifik, ex-owner of Atlantic City’s Ocean Resort, dies in car crash

Bruce Deifik, the Colorado developer who purchased and reopened the former Revel Casino Hotel in Atlantic City, before having to give up the property earlier this year, died Sunday.

Residential & Mixed Use
Jersey City: Inside the amenities at new loft-style condo building (SLIDESHOW)

Just weeks after debuting a new condominium building in Jersey City, a developer has unveiled the amenities and common spaces at the luxury complex.

Retail
Lee & Associates inks leases with wireless carrier, bridesmaid shop

A wireless carrier and a seller of bridesmaid gifts have leased a combined 4,150 square feet in Bergen and Union counties, in a set of transactions announced by Lee & Associates.

Office
Insiders: New Jersey has only scratched the surface in co-working, flex office space sector

The country’s largest cluster of co-working and flexible office space is only just across the Hudson River, but the fast-growing industry is still largely absent from New Jersey. Experts say that is due to change — and it’s only a matter of time.