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
Following sale, Maser completes transition to new Colliers engineering platform

Maser Consulting PA has completed its rebranding under the Colliers banner, following a deal last year in which the latter acquired a controlling interest in the engineering firm.

Residential & Mixed Use
Newark: Developer of 270-unit rental tower lands PILOT, plans groundbreaking this year

The developer of a 270-unit apartment tower in Newark is eyeing a groundbreaking later this year after city officials approved a 30-year tax abatement for the project.

Government & Public Policy
Greenbaum Rowe attorney tapped for newly created NJBA redevelopment counsel post

The New Jersey Builders Association has tapped a partner with Greenbaum, Rowe, Smith & Davis LLP for the newly created position of redevelopment counsel.

Professional Services
MSW announces new hires in litigation, land use groups

Murphy Schiller & Wilkes LLP has expanded its litigation and land use practice groups with its two latest additions.

Residential & Mixed Use
Developers tout fast start at Long Branch condo project (SLIDESHOW)

A development group has launched preconstruction sales at a collection of more than two dozen luxury homes along the Long Branch waterfront.

Office
Labor group acquires Hightstown building for new headquarters, WCRE says

A labor organization is moving its headquarters after acquiring a 16,000-square-foot office building in Hightstown, in a newly announced deal by Wolf Commercial Real Estate.

Industrial
Duke Realty, furniture chain detail 620,000 sq. ft. industrial lease in Piscataway

Duke Realty Corp. has preleased more than 600,000 square feet of speculative industrial space in Piscataway, securing a commitment from a well-known furniture chain.

Industrial
Stro inks 220,000 sq. ft. cold storage lease in Clifton with online ethnic grocer

The Stro Cos. has completed a 220,000-square-foot industrial lease in Clifton with a fast-growing, online specialty grocer, touting continued demand from food and cold storage users.

Finance & Capital Markets
JLL: Joint venture lands $12.7 million loan for Hamilton warehouse project

The developers of a new 171,000-square-foot industrial project in Hamilton have obtained nearly $13 million in financing for the project, according to a debt placement team with JLL.

People
Kokes Properties hires Rutgers grad, former intern as development associate

Kokes Properties has added to its growing team with the hiring of a development associate.