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.

Retail
American Dream announces reopening, debut of retail offerings

The American Dream complex in East Rutherford will reopen Oct. 1, nearly six months after the coronavirus crisis dealt yet another setback to the massive retail and entertainment venue.

Industrial
Newmark inks sale of 12,000 sq. ft. flex building in Branchburg

A local owner has acquired a 12,000-square-foot industrial flex building in Somerset County, in a newly completed transaction by Newmark Associates.

Retail
Sherwin-Williams debuts 4,700 sq. ft. store in Gloucester County, Jeffery Realty says

Sherwin-Williams has opened the doors to a new store in Gloucester County, following a transaction arranged by brokers with Jeffery Realty.

Retail
Bed Bath & Beyond names new senior vice president of real estate, construction

Bed Bath & Beyond Inc. has hired a veteran retail and real estate executive to spearhead a newly announced plan to streamline its portfolio of stores, logistics centers and office space.

Office
GAIA, Englewood Health ink 53,000 sq. ft. lease for medical hub in Journal Square

A health system is taking more than 50,000 square feet at a Jersey City office building, where it’s planning a new multispecialty location to serve the growing Journal Square neighborhood.

Residential & Mixed Use
CBRE inks multifamily sales in Bound Brook, North Brunswick

Two central New Jersey apartment properties have changed hands for a combined $4.8 million, in a set of newly announced transactions by CBRE.

Office
Wealth manager extends 3,200 sq. ft. lease in Somerset County, LPC says

A wealth management firm has signed a long-term lease extension for more than 3,000 square feet in Basking Ridge, according to brokers with Lincoln Property Co.

Finance & Capital Markets
JLL: Development site for sale along New Brunswick business, academic corridor

The owner of a 36-acre development site in New Brunswick is seeking a buyer, with brokers touting its location along Route 1 and its proximity to New Jersey’s three largest employers.

Top News
Arc Building Partners, Claremont open new joint headquarters in Morristown

A construction firm and a developer have unveiled their new joint office in Morristown, following a merger last year aimed at better positioning both businesses.

Residential & Mixed Use
Gebroe-Hammer touts $75 million in Hudson County apartment sales in June, July

A broker with Gebroe-Hammer Associates has kept active since the height of the COVID-19 outbreak, inking the sale of more than 200 units in Hudson County in June and July alone.