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
Colliers: Piscataway office building fetches $3.9 million

An investment firm has reaped nearly $4 million from the sale of a Piscataway office building, following a transaction arranged by brokers with Colliers International.

Professional Services
R.J. Brunelli broker, son of company founder, named principal

A third member of the Brunelli family has joined the ownership ranks at R.J. Brunelli & Co., the Old Bridge-based retail real estate brokerage firm.

Industrial
Data services firm expands, takes 27,000 sq. ft. in South Hackensack, NAI Hanson says

An IT services firm is expanding in South Hackensack, where’s it’s leasing more than 27,000 square feet of industrial space at a building just north of Interstate 280.

Residential & Mixed Use
Russo touts fast start at newest multifamily project in Kearny

Russo Development is hailing continued success in Kearny, having leased 20 percent of its latest luxury apartment complex in the municipality.

Events
NAIOP honors deals of the year, industry icons as virtual gala marks 50th anniversary

The state’s commercial real estate community gathered virtually on Wednesday as NAIOP New Jersey honored a group of transformative projects and industry leaders, including the family of a developer who helped found the chapter a half-century ago.

Industrial
Camber acquires 88,000 sq. ft. industrial building in Morris County

An investment firm has expanded its northern New Jersey industrial portfolio with the acquisition of a nearly 90,000-square-foot property in East Hanover.

Office
JLL: Credit union sells 18,000 sq. ft. former headquarters building in Wayne

A credit union has sold an 18,000-square-foot office building in Wayne, with plans to remain as a tenant alongside the medical practice that acquired it.

Residential & Mixed Use
JMF touts new amenities at Denville townhome community

JMF Properties has completed a series of upgrades at a luxury townhome complex in Denville, seeking to accommodate residents who are spending more time at home.

Deals
Industrial-turned-church building in Hackensack changes hands, NAI Hanson says

A local church has sold a converted industrial building in Hackensack, securing a deal with another faith-based organization that will move into the property.

Top News
A look at NAIOP New Jersey’s Deal of the Year finalists

Nine of the state’s most impactful development projects will take center stage Wednesday night as NAIOP New Jersey hosts its annual commercial real estate awards gala.