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.

Professional Services
Adding talent: How DMR has embraced intern-to-hire strategy (and more) to grow its team

DMR Architects has leveraged its internship-to-hire strategy and other means of cultivating young talent, maintaining a strong foundation as it supports an evolving project portfolio.

Office
JLL tapped to sell 47,000 sq. ft. creative office building in downtown Jersey City

A loft-style, boutique office building in Jersey City is on the market for sale, providing what brokers say is a stable rent roll with coveted space for small and midsized users.

Professional Services
Scarinci Hollenbeck adds prominent N.Y.C. real estate law, litigation team led by Miller

Scarinci Hollenbeck LLC has strengthened its real estate and litigation teams in the region with the addition of four New York City-based attorneys.

Office
Pediatric ENT practice launches with 5,700 sq. ft. lease in Cherry Hill, Rose Commercial says

A pediatric ear, nose and throat practice has taken more than 5,700 square feet at a Cherry Hill office building, in a deal arranged by Rose Commercial Real Estate.

Retail
Vita & Vita leases 2,200 sq. ft. to The UPS Store, filling newest Lincoln Park retail center

Vita & Vita Realty Corp. has leased up a new shopping center in Lincoln Park after securing a deal with The UPS Store, the developer announced Wednesday.

Residential & Mixed Use
CBRE: Veris sells 240-unit high-end rental property in Park Ridge for $117 million

Veris Residential Inc. has sold a four-year-old, 240-unit luxury apartment building in Park Ridge for $117 million, brokers with CBRE announced Tuesday.

Office
Health care firm buys Matawan office building after leasing space last year, Zimmel says

A growing health care network has acquired a 46,000-square-foot office building in Matawan, in a deal arranged by Zimmel Associates.

Industrial
NAIDB seeking investor, owner-user for 54,000 sq. ft. Middlesex industrial building

The owner of a 54,000-square-foot industrial building in Middlesex Borough has tapped NAI DiLeo-Bram & Co. to find a buyer for the property.

Residential & Mixed Use
Marcus: Nine-unit Hoboken apartment building fetches $4.6 million

A private investor has acquired a nine-unit apartment building in Hoboken for nearly $4.6 million, according to a brokerage team with Marcus & Millichap.

Retail
Ex-Rite Aid building at key Somerville intersection trades for $2.6 million, Deluccia says

The site of a former Rite Aid in Somerville has changed hands for $2.6 million, in a newly announced deal by Deluccia Commercial Group.