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.

People
Dermody announces new partner for Morristown-based east region team

By Joshua Burd An executive with Dermody Properties’ regional team in Morristown has risen to the role of partner after less than four years with the development and investment firm. Robert Borny, who joined Dermody in October 2017, previously held…

Industrial
Edison warehouse changes hands for $11 million, Zimmel says

An investment group has purchased a fully leased, 63,000-square-foot warehouse in Edison, in an $11 million transaction arranged by Zimmel Associates.

Finance & Capital Markets
JLL: Owner of 80,000 sq. ft. Eatontown office building refis for $9 million

The owner of an office building in Monmouth County has refinanced the property for $9 million, under a newly announced transaction by JLL.

Office
Residential brokerage leases 5,600 sq. ft. in Cherry Hill, Vantage Commercial says

A residential real estate brokerage has leased more than 5,600 square feet of office space in Cherry Hill, in a deal arranged by Vantage Commercial.

Residential & Mixed Use
With return to work on the horizon, apartments in transit hubs show signs of a rebound

A return to the office could help bring commuters back to urban employment hubs such as Manhattan, lifting the market for transit-centric apartments in northern New Jersey.

Residential & Mixed Use
Marcus inks $8.8 million sale of Burlington retail center

A private investor has purchased a nearly 10,000-square-foot retail property in Burlington for $8.8 million, brokers with Marcus & Millichap announced Thursday.

Office
Developer opens newly expanded co-working space at Hoboken office building

A developer has unveiled a new co-working space in Hoboken after completing an extensive renovation and rebranding of an 80,000-square-foot office building in the city.

Residential & Mixed Use
C&W: Cliffside Park apartment, medical office property fetches $6.1 million

An investor has acquired a multifamily and medical office property in Cliffside Park for $6.1 million, under a newly announced transaction by Cushman & Wakefield.

Professional Services
LMC promotes longtime team member to portfolio manager

Levin Management Corp. has announced the promotion of a longtime member of its property management team.

Office
Tech firm opens new regional headquarters at Bell Works as part of recent renewal, expansion

A technology firm has established a new regional headquarters at the Bell Works campus in Holmdel as part of a recent expansion to 35,000 square feet at the property.