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
City native spearheading long-awaited redevelopment at Elizabeth transit site

A new mixed-use building will bring 267 upscale apartments and 36,000 square feet of office, restaurant and retail space to the corner of Union and West Grand streets in Elizabeth, the site of a long-vacant redevelopment parcel near an NJ Transit train station.

Finance & Capital Markets
JLL touts $34 million construction loan for North Haledon rental project

The team behind a 180-unit multifamily development in North Haledon has secured a $34 million construction loan for the project, according to a capital markets team with JLL.

Office
Sax eyes year-end move to new Parsippany headquarters

Sax LLP is set to move later this year to its new headquarters in Parsippany, where it’s leasing nearly 40,000 square feet within a revitalized office campus.

Residential & Mixed Use
Developers launch leasing at 46-unit rental building in Montclair (SLIDESHOW)

A joint venture is set to debut a new boutique apartment building in Montclair, offering residents a short walk to rail service and the town’s central business district.

Industrial
Prologis, office furniture business ink 26,000 sq. ft. renewal in Meadowlands, NAI Hanson says

An office systems and furniture company is staying in place in the Meadowlands after signing a renewal for more than 26,000 square feet, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
Bijou, Intercontinental hail 80 percent leased milestone at Hoboken apartment tower

Apartment dwellers are still bullish on western Hoboken, where a joint venture has now leased 80 percent of a new 424-unit luxury residential building.

Office
Investor buys 33,000 sq. ft. Camden County office complex

A private equity group has acquired a four-building office portfolio in Camden County, in a transaction arranged by Markeim Chalmers Inc.

Industrial
Pickleball club taking 11,000 sq. ft. in Flemington, NAI DiLeo-Bram says

An industrial building in Flemington is getting new life as a recreational facility, under a newly completed lease by NAI DiLeo-Bram & Co.

Residential & Mixed Use
PEEK Properties eyes fall opening for new East Orange apartments

A developer is nearing completion of a new 39-unit apartment building in East Orange, helping to revitalize a long-vacant building near the city’s Brick Church train station.

Residential & Mixed Use
JLL tapped to market 384-unit AvalonBay complex in Somerset

AvalonBay Communities Inc. is seeking a buyer for a 384-unit apartment complex in the Somerset section of Franklin, in a newly announced offering by JLL.