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
L+M, Urby detail 250-unit project at historic Newark property

A development team has unveiled plans to renovate and expand an 18-story tower in downtown Newark, under a $91 million project that will create 250 apartments and commercial space.

Office
Tech firm inks 6,500 sq. ft. lease in Woodcliff Lake, Arlington Group says

A technology firm is moving its headquarters to Woodcliff Lake, where it has leased 6,500 square feet as part of a newly announced transaction by The Arlington Group.

Retail
Fast casual chain becomes fourth retailer at Ironside Newark, leases 1,800 sq. ft.

A growing restaurant chain is coming to downtown Newark, having signed a lease at the 456,000-square-foot commercial and retail building known as Ironside Newark.

Industrial
Chilmark announces New Jersey industrial, office deals totaling 120,000 sq. ft.

A retail distributor has leased nearly 80,000 square feet of industrial space in Hamilton, in the largest of four newly announced transactions by Chilmark Real Estate Services.

Retail
Rose Commercial: Developer completes assemblage in Cherry Hill, plans new CVS store

A developer has acquired two acres in Cherry Hill, where construction is underway for a new CVS store along one of the township’s main thoroughfares.

Government & Public Policy
Construction underway at DMR-designed municipal, library complex in Montgomery

DMR Architects is touting the start of construction at a new 62,500-square-foot municipal and library building in Montgomery Township.

Residential & Mixed Use
Hoboken apartment building now 85 percent leased a year after opening

A new 424-unit luxury apartment building in Hoboken has reached another leasing milestone, thanks in part to a fall surge and continued demand for rentals along the Gold Coast.

Cover Story
Sanzari drawing on 75 years of stability, relationships to guide tenants through crisis

Like other landlords, Alfred Sanzari Enterprises has spent months with its buildings mostly empty as businesses cope with the effects of the pandemic. But the family-owned firm has weathered the crisis and helped its tenants do the same thanks to its own financial strength and ability to act quickly, which stem from a patient, low-leverage approach that goes back 75 years.

Residential & Mixed Use
Gebroe-Hammer: Buyers wanted for 29-building, 406-unit rental portfolio

A sprawling collection of more than 400 apartments is on the market for sale in New Jersey, in a newly announced offering by Gebroe-Hammer Associates.

Hospitality & Tourism
New 211-room hotel opens in Jersey City’s burgeoning arts district

A development team has opened the doors to a new 211-room hotel in downtown Jersey City, with a focus on paying homage to the city’s growing arts and cultural scene.