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.

Industrial
BRC: Manufacturer takes 23,000 sq. ft. at New Brunswick industrial building

A paper bag manufacturer has leased 23,000 square feet of industrial space in New Brunswick, under a deal arranged by Bussel Realty Corp.

People
Larken adds senior estimator to in-house construction team

Larken Associates has hired a new senior estimator as the latest piece of its in-house construction team.

Government & Public Policy
DMR announces start of Ridgefield municipal complex

The borough of Ridgefield has broken ground on a new 27,000-square-foot municipal complex, according to members of the project team with DMR Architects.

Residential & Mixed Use
A decade after pivoting, Hartz Mountain has created a residential destination in Weehawken

Hartz Mountain Industries has built nearly 1,400 apartments along the Weehawken waterfront, having pivoted from a plan that once called for 2.5 million square feet of commercial space.

Policy Page
Survival skills honed in 2020 lead to a better-prepared 2021

As Charlie Chaplin said in the last century, “Nothing is forever in this world, not even our problems.” That is, unless you don’t learn from your mistakes and continue to do things the same way. The days are numbered for any business, organization or government agency (without a rainy day fund) that doesn’t adjust, right-size their operation and get prepared for the next disruption that’s just around the corner.

Office
WCRE named leasing agent at Marlton office campus

The new owner of a four-building, 135,000-square-foot office portfolio in Burlington County has tapped Wolf Commercial Real Estate as its leasing agent.

Finance & Capital Markets
KRE, Silverman Group secure $44 million loan for Lehigh Valley rental project

A team of New Jersey developers has secured more than $44 million in financing for a project to build 273 new garden apartments in Pennsylvania’s Lehigh Valley.

Finance & Capital Markets
Data-driven approach has proved crucial for upstart value-add investment firm

A fast-growing, Newark-based investment firm is thriving two years after its founding, using a trove of data and an in-house platform to help it identify potential sellers and properties.

Residential & Mixed Use
Larken breaks ground on 254-unit luxury apartment complex in Hunterdon

Larken Associates has broken ground on a 254-unit multifamily project in Readington, as it looks to reposition what had been a partially built office campus on Route 22.

Office
CPN: Medical practice buys 15,000 sq. ft. Mercer County building for $1.2 million

A medical practice has acquired a vacant 15,000-square-foot office building in Pennington, under a newly announced transaction by Commercial Property Network Inc.