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.

Residential & Mixed Use
Developers, city officials taking a holistic approach as northwestern Hoboken grows

It may be the Mile Square City, but Hoboken still has room to grow. After creating mixed-use projects in the largely industrial western half, developers are focusing on the city’s northwestern corner, known as the North End. City officials are in favor of the growth, with a North End Redevelopment Plan in progress that focuses on a diversified tax base, open space and flood-resistant infrastructure. 

Industrial
BRC: Piscataway parcel sold, slated for 76,000 sq. ft. industrial project

Duke Realty Corp. is planning a 76,000-square-foot industrial project in Piscataway after acquiring a nearly six-acre parcel near Interstate 287, according to Bussel Realty Corp.

Residential & Mixed Use
JLL marketing 22-acre development site at Linde campus in New Providence

Chemical maker Linde is seeking a buyer for the site of a vacant research building in New Providence, where it has secured approvals for up 297 multifamily units.

Residential & Mixed Use
Marcus: Jersey City building with 17 apartments, commercial space trades for $2.8 million

An investment group has acquired a 14,325-square-foot mixed-use building in Jersey City for $2.8 million, under a newly announced transaction by Marcus & Millichap.

Health Care & Education
Spine, wellness practice taps R.J. Brunelli as real estate rep in New Jersey

A growing health care provider has tapped R.J. Brunelli & Co. as its real estate representative in New Jersey, seeking to add locations around its base of Middlesex and Monmouth counties.

Residential & Mixed Use
Dozens of closings completed at Jersey City condo tower, with 150 expected by year-end

The developer of a landmark 79-story condominium tower in Jersey City has completed its first 70 closings at the waterfront property.

Office
Developers break ground on office, retail project to transform piece of downtown Morristown

SJP Properties and Scotto Properties have broken ground on the first of two office and retail buildings in Morristown, the future home of Deloitte LLP, in a project that will transform another piece of the town’s bustling central business district.

Office
Lee & Associates New Jersey relocates in Elmwood Park, taking 5,800 sq. ft.

Lee & Associates New Jersey has found a new home in Elmwood Park, as the broker-owned real estate services firm eyes continued growth in the Garden State.

Finance & Capital Markets
Developer secures construction loan for 50-unit rental project in Orange

PEEK Properties has landed a nearly $10 million construction loan for a 50-unit multifamily project in Orange, the first piece of a three-phase development in the municipality.

Office
C&W details upgrades by Onyx, Garrison at Paramus office building (SLIDESHOW)

Onyx Equities and Garrison Investment Group have kicked off a multimillion-dollar renovation of a 363,000-square-foot office building in Paramus, according to Cushman & Wakefield.