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.

Office
NKF: New Jersey office market begins to thaw, despite continued uncertainty

Office leasing in New Jersey rebounded modestly in the third quarter, even as the pandemic continues to weigh on the market and fuels a sizable uptick in availabilities.

Residential & Mixed Use
Woodmont touts lease-up of 220-unit upscale rental property in Bayonne

Woodmont Properties is hailing the lease-up of one of its newest luxury residential properties — a 220-unit apartment community in Bayonne.

Office
Colliers inks sale of developer’s longtime headquarters in Mount Laurel

A developer has sold what will soon be its former headquarters building, a 43,000-square-foot complex along Route 73 in Mount Laurel.

Residential & Mixed Use
Prism releases final apartments at West Orange adaptive use project

Prism Capital Partners has released the final block of new apartments at a 300-unit adaptive reuse project in West Orange, citing the ongoing demand for its luxury residential offerings.

Finance & Capital Markets
Meridian touts $277 million refi for apartment, retail portfolio in Morris and Camden counties

A multifamily and retail owner has refinanced four New Jersey properties for more than $275 million, in a series of recent transactions by Meridian Capital Group.

Health Care & Education
Stockton, AC Devco eye groundbreaking for new Atlantic City residence hall

An expansion of Stockton University’s footprint in Atlantic City will officially begin later this month, when stakeholders break ground on a new 416-bed residence hall.

Industrial
Investment firm adds 48,000 sq. ft. warehouse, expanding South Jersey holdings

An investment firm has acquired a 48,000-square-foot industrial building in Camden County for $2.7 million, according to brokers with Colliers International.

Finance & Capital Markets
JLL inks two loans for industrial portfolio in North Jersey, Rockland County

The owner of four industrial buildings in New Jersey and New York has refinanced the properties, under a set of newly announced transactions by JLL.

Industrial
Colliers: Sublease space on the rise in N.J. industrial sector, despite market’s strength

While industrial space remains in short supply, New Jersey is seeing a spike in new sublease offerings as smaller logistics firms feel the economic pinch of the pandemic.

Retail
Trader Joe’s opens at new March Associates shopping center in Wayne

A new Trader Joe’s has opened its doors in Wayne, anchoring a long-awaited, 50,150-square-foot shopping center developed by March Associates Construction.