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.

Finance & Capital Markets
Investor demand still strong in New Jersey as buyers seek safety, certainty in commercial real estate

With 2019 underway, competition among commercial real estate investors has only intensified in New Jersey, largely around properties that offer some level of safety in the later stages of the economic expansion.The Garden State is by no means alone in that regard, but brokers and other experts say they expect demand to stay robust in the near term, citing everything from Wall Street volatility to the continued arrival of buyers from other markets.

Office
Local investor buys 90,000 sq. ft. Mack-Cali building in Morris Plains, C&W says

Mack-Cali Realty Corp. has shed another piece of its legacy office portfolio with the sale of a nearly 90,000-square-foot building in Morris Plains, brokers with Cushman & Wakefield said.

Professional Services
PS&S promotes longtime land services, environmental experts

Design and engineering firm PS&S has made two promotions within its executive ranks.

Professional Services
SIOR NJ highlights top industrial, office deals from 2018

The Society of Industrial and Office Realtors’ New Jersey chapter presented its annual largest deal awards last week, showcasing some of the industry’s top transactions of 2018.

Office
Title firm takes 5,100 sq. ft. for new HQ in Marlton

A title insurance firm is leasing more than 5,000 square feet in Marlton for its new corporate headquarters, under a transaction announced by Rose Commercial Real Estate.

Industrial
With opportunities scarce, deal volume slows for New Jersey industrial sales

The struggle continues for investors looking to buy industrial properties in New Jersey, where prices remain high but sales volume remains low compared to other major markets.

Industrial
Logistics firm inks 138,000 sq. ft. lease at Port Authority warehouse in Elizabeth

The Port Authority of New York and New Jersey has leased 138,000 square feet in Elizabeth to a logistics firm, under a newly announced transaction by The Blau & Berg Co.

Retail
Italian grocer takes 12,000 sq. ft. at new-look Denville shopping center

A specialty Italian food market has signed a lease to anchor a Morris County shopping center, the latest new tenant amid efforts to reposition the 75,000-square-foot complex.

Residential & Mixed Use
Long Branch condo project halfway complete, developer says

The developer of a new condominium project in Long Branch is more than halfway through construction, having sold 40 percent of the complex’s 47 oceanfront homes.

Retail
Longtime owner sells Hackensack restaurant, liquor license

A well-known restaurant in Hackensack has changed hands and is slated to undergo renovations after a newly announced sale by NAI James E. Hanson.