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
CBRE adds well-known broker to New Jersey net lease team

CBRE has made a key addition in the fields of capital markets and net leased properties with one of its newest hires in New Jersey.

Industrial
Duke Realty promotes New Jersey leasing rep

Duke Realty Corp. has announced a promotion within its New Jersey leasing team.

Health Care & Education
Eye doctor, orthopedic practice ink new leases in Glen Ridge, NAI Hanson says

Two tenants have leased a combined 8,711 square feet of medical office space in Bergen County, in a set of newly announced transactions by NAI James E. Hanson.

Deals
Transwestern: Paterson charter school eyes new location, acquires historic mill building

A charter school system has acquired a former industrial building in Paterson that it will use as its newest location, according to brokers with Transwestern Real Estate Services.

Government & Public Policy
Brogan: Eviction moratorium, questions on rental assistance still loom over apartment owners

It will soon be a year since the start of New Jersey’s COVID-19 outbreak, one that has rippled through the state’s apartment industry and left landlords with unease and uncertainty. In part one of a two-part column, New Jersey Apartment Association Executive Director David Brogan answers some of the biggest questions still facing the multifamily sector, including how owners of all sizes are dealing with nonpayment of rent and the ongoing eviction moratorium, along with the prospect of state and federal rental assistance.

Retail
Newmark brokers sale of Route 46 retail site in Parsippany

Three freestanding retail buildings along Route 46 in Parsippany have changed hands, following a sale arranged by brokers with Newmark Associates.

Office
Argent taps CBRE as leasing agent at ex-Honeywell campus in Morris Plains

The new owner of the 465,000-square-foot former Honeywell headquarters building in Morris Plains has selected CBRE as its leasing agent at the property.

Office
Medical user takes 1,750 sq. ft. in Medford, Vantage Commercial says

An office complex in Burlington County is now fully leased after a recently completed, 1,750-square-foot transaction by Vantage Commercial.

Residential & Mixed Use
Developer buys Parsippany site slated for 325 apartments, C&W says

A developer has acquired a site in Parsippany that is fully approved for the construction of 325 upscale apartments, in a newly completed transaction by Cushman & Wakefield.

Residential & Mixed Use
Roseland opens 360-unit luxury rental project at Port Imperial

Roseland Residential Trust has unveiled a 360-unit luxury apartment building in West New York, the latest piece of its acclaimed Port Imperial development.