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
Lee & Associates New Jersey donates $10,000 to hospital’s COVID response fund

Lee & Associates New Jersey has donated $10,000 to a fund managed by St. Joseph’s Health, seeking to support the hospital network in its battle against the coronavirus crisis.

Industrial
Importer relocates after acquiring Meadowlands industrial building

An importer of headwear products has acquired a nearly 77,000-square-foot industrial building in Carlstadt, under a newly announced transaction by Team Resources Inc.

Top News
LEG, H.I.G. Realty purchase 1.2 million sq. ft. ex-BMS campus in Hopewell

A joint venture has acquired the 1.2 million-square-foot Bristol-Myers Squibb campus in Hopewell, seeking to attract new tenants amid continued growth in the life sciences sector.

Residential & Mixed Use
Russo launches leasing at 268-unit rental community, its third in Kearny

Russo Development has taken the wraps off its third luxury apartment property in Kearny, delivering another 268 units to the Hudson County town.

Professional Services
NAI DiLeo-Bram announces new associate hire

NAI DiLeo-Bram & Co. has hired a new associate to join to its growing brokerage team.

Retail
Zimmel: Monmouth auto dealership sold twice in 30 days

The site of a luxury auto dealership in Monmouth County has changed hands for the second time in 30 days, in a set of transactions arranged by Zimmel Associates.

Office
Hospice business takes 2,900 sq. ft. in Burlington

A hospice provider has leased nearly 3,000 square feet of office space in Burlington, according to brokers with Wolf Commercial Real Estate.

Office
Pharmacy provider inks office lease in Cherry Hill, Vantage RES says

A pharmacy provider is expanding into southern New Jersey with the completion of a new lease in Cherry Hill, under a transaction arranged by Vantage Real Estate Services.

Government & Public Policy
NJAA sounds alarm on rent repayment bill, citing unintended consequences

A new proposal by state lawmakers would require apartment landlords to set up payment plans with tenants who could not pay rent during the coronavirus crisis, but multifamily industry advocates are raising concerns about the bill’s unintended consequences.

Professional Services
DMR touts ongoing work in residential, public-sector projects during pandemic

DMR Architects is progressing on a host of residential, governmental and education projects in New Jersey, with design and construction ongoing in spite of the coronavirus crisis.