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.

Top News
Bell Works: Zucker recounts shutdown of iconic complex, eyes reopening after COVID crisis

The coronavirus crisis has upended Bell Works, one of New Jersey’s most complex and high-profile adaptive reuse projects in recent memory, as it was nearing the peak of its success. The developer behind the landmark project is now navigating this latest challenge.

Professional Services
Gensler touts new consulting studio director in Morristown

Gensler has named a director of its newly created consulting practice in New Jersey.

Retail
Developer eyes 5,200 sq. ft. retail project at Woodbridge restaurant site

A local developer has acquired the former site of a well-known restaurant in Woodbridge, with plans to redevelop the property with more than 5,000 square feet of new retail space.

Retail
Bed Bath & Beyond set to reopen another 600 stores, expand curbside pickup

Bed Bath & Beyond Inc. is detailing plans to reopen another 600 stores, as it looks to expand its in-store fulfillment and curbside pickup services to more than 1,300 locations.

Office
Bronsnick: ‘Decentralization’ from Manhattan could benefit New Jersey office market

Corporations are weighing plans to spread their operations in the wake of the coronavirus outbreak, providing an opportunity for New Jersey landlords who can rise to the challenge.

Industrial
Moving supply firm inks 33,500 sq. ft. lease in Carlstadt

A moving supply company has leased 33,500 square feet at a Meadowlands industrial building, under a newly completed transaction by Team Resources Inc.

Residential & Mixed Use
Kislak inks $6.3 million sale of Paterson rental portfolio

A private investor has sold a three-building, 37-unit apartment portfolio in Paterson for nearly $6.3 million, according to brokers with The Kislak Co. Inc.

Industrial
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Editor’s note: This story has been removed. We apologize for any inconvenience. 

Deals
NAI Hanson touts Bergen County flex, office leases totaling 6,750 sq. ft.

A window installer is leasing 2,500 square feet of flex space in Hackensack, in one of several newly announced deals by NAI James E. Hanson.

Residential & Mixed Use
Blau & Berg tapped to market retail space at East Orange apartment building

The developer of a 180-unit apartment building in East Orange has tapped The Blau & Berg Co. to market the property’s ground-floor commercial space.