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
Merck spinoff taking 110,000 sq. ft. at Goldman Sachs tower in Jersey City

A new Merck & Co. spinoff is moving to the Goldman Sachs tower in Jersey City, where it’s reportedly set to occupy 110,000 square feet for its global headquarters.

Residential & Mixed Use
Developers break ground in Hackensack, eyeing transformation of ex-Record site

A development team has completed the foundation for a luxury residential project in Hackensack, paving the way for a first phase that will include more than 270 apartments.

Finance & Capital Markets
Meridian: Buyer wanted for new Opportunity Zone rental building in Hackensack

A newly built, 88-unit apartment building has hit the market for sale in downtown Hackensack, where brokers are touting several key tax benefits for a would-be buyer.

Industrial
Philadelphia investment firm closes deals in Burlington, Camden counties

An investment firm has completed its acquisition of a five-building, 64,000-square-foot industrial park in Burlington County.

Residential & Mixed Use
Developer breaks ground on 153-unit rental project in Union, its first in New Jersey

A developer has broken ground on its first project in New Jersey, with plans to build 153 apartments at the site of a former salt factory in Union Township.

Industrial
New Jersey industrial rents hold strong during COVID outbreak, brokerage firms say

The pandemic has not stifled rent growth in New Jersey’s industrial market, as Amazon and other e-commerce users continue to drive leasing and construction activity statewide.

Professional Services
Colliers seals purchase of Maser Consulting, expanding service lines

Colliers International has completed its acquisition of a controlling interest in Maser Consulting PA, a Red Bank-based engineering design and consulting business.

Office
Mortgage broker takes 760 sq. ft. in Parsippany, LPC says

A mortgage broker has leased 760 square feet at a Parsippany office complex, under a newly announced transaction by Lincoln Property Co.

Office
Atkins, Woodmont pivot to medical office in final stretch of town center project

A joint venture is building new medical office space at what was slated to be a standalone retail building in Gloucester County, citing tremendous demand from area health care users.

Professional Services
Engineering group honors PS&S water treatment expert, a 60-year industry veteran

A veteran engineer and architect with PS&S has earned a top honor from the American Society of Civil Engineers’ New Jersey section.