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
Hekemian & Co. debuts 254 apartments in downtown Hackensack

Hekemian & Co. has unveiled a new 254-unit residential building in Hackensack, the latest addition to the city’s growing stock of luxury apartments.

Industrial
Amazon opening 14 new last-mile ‘delivery stations’ in New Jersey

Amazon is adding to its already-vast footprint in New Jersey, announcing plans for 14 new locations geared toward the last mile of its fulfillment process.

Finance & Capital Markets
JLL secures $12 million credit facility for apartment owner

The owner of four multifamily properties in the region has landed a $12 million credit facility, under a transaction arranged by JLL’s Morristown-based capital markets team.

People
Woodmont names new director of human resources

Woodmont Properties has added to its leadership ranks with the hiring of a veteran human resources director.

Office
Bergman details guidelines, building upgrades for returning office tenants

Bergman Real Estate Group has unveiled its plans for helping tenants return safely and confidently to its portfolio of office space across New Jersey.

Office
Investor acquires 40,000 sq. ft. office and retail center in Parsippany

A private investor has sold a mixed-use commercial property in Parsippany for nearly $4.4 million, under a newly announced transaction by The Kislak Co. Inc.

Industrial
Larken inks 25,000 sq. ft. in leasing at Hillsborough business park

Larken Associates is touting new activity at a sprawling business park in Hillsborough, where six tenants have combined to lease more than 25,000 square feet.

Health Care & Education
Developers weigh new lab, research projects as New Jersey market continues to tighten

After decades of consolidation by Big Pharma, demand for modern lab and diagnostic space in New Jersey is on the rise, fueling rent growth and pushing some developers to consider new laboratory projects.

Policy Page
Workplace absence leads to decline in office demand

Much of the workforce has been absent from offices/workplaces and transportation systems since mid-March. Has this absence “made hearts grow fonder” to return? Not entirely, according to some experts.

Hospitality & Tourism
Upscale Asbury Park hotel set to reopen after COVID shutdown

A luxury hotel along the Asbury Park waterfront is set to reopen after being closed due to the coronavirus outbreak.