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
Iron Ore, AMJ eye start of 120-unit rental project in Plainfield after site acquisition

A joint venture is nearing the start of construction for a new 120-unit apartment building in Plainfield, in a project that will redevelop the site of a blighted industrial property.

Industrial
CBRE: Developer plans 160,000 sq. ft. industrial project at ex-Kearny rehab complex

A developer has acquired 10 acres in Kearny with plans to build a new 160,000-square-foot distribution center at the site, according to brokers with CBRE.

Residential & Mixed Use
Kislak touts multifamily asset sales in northern, central New Jersey totaling $49 million

A developer has sold a Somerset County apartment property for $35 million, in the largest of several newly announced deals by The Kislak Co. Inc.

Professional Services
Avison Young announces promotion on New Jersey project management team

Avison Young has announced a new director of project management in its New Jersey office after a recent promotion.

Industrial
Investor adds 61,000 sq. ft. Mount Laurel industrial building, NAI Mertz says

An investment firm has made another addition to its southern New Jersey portfolio with its purchase of a 61,000-square-foot industrial building in Mount Laurel.

Residential & Mixed Use
LeFrak, Simon announce artist for lobby piece at new Jersey City residential tower

The LeFrak and Simon families have picked a local artist to design and execute a feature piece for a new luxury apartment tower in Jersey City’s iconic Newport neighborhood.

Industrial
Petrucci taps CBRE as leasing team for 1 million sq. ft. Logan industrial project

J.G. Petrucci Co. Inc. has named CBRE as its leasing agent for more than 1 million square feet of new industrial space in Logan Township, the first piece of a planned four-building campus.

Top News
Mack-Cali names new CEO, as Gilmartin steps down as board chair

Mack-Cali Realty Corp.’s Harborside complex in Jersey City — Courtesy: Mack-Cali By Joshua Burd Mack-Cali Realty Corp. has named its new CEO, while announcing that MaryAnne Gilmartin has stepped down as board chair after leading the search for the new…

Government & Public Policy
EDA details plan to relaunch residential ERG program with $50 million tax credit pool

State officials are relaunching a high-profile developer tax credit program that was halted nearly two years ago, offering $50 million in subsidies as a result of a newly approved law.

Industrial
Three-building industrial park in Passaic County sold for $10 million, C&W says

A family partnership has sold a three-building industrial park in Passaic County for $10.2 million, in a newly announced transaction by Cushman & Wakefield.