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.

Government & Public Policy
Short stepping down as NJBA chief executive

Carol Ann Short, the CEO of the New Jersey Builders Association, is stepping down after three decades with the influential trade organization.

Professional Services
Walsh to perform renovation, lighting integration at Clifton school

A religious school in Clifton has tapped the Walsh Company to install a new specialty lighting system and oversee renovations and improvements at the facility.

Finance & Capital Markets
JLL: Buyer wanted for 1,250-space parking garage in northern Hoboken

A busy 1,250-space parking structure in Hoboken has hit the market for sale, with the potential to command a price of around $40 million.

Health Care & Education
Blau & Berg inks lease, small business loan for physical therapy client

The Blau & Berg Co. has secured a new 5,800-square-foot space in Morristown on behalf of a physical therapy company, while also helping the operator source a small business loan.

Office
Law firm expands, takes 1,700 sq. ft. in Cherry Hill

A growing law firm has leased 1,700 square feet at a Cherry Hill office building, under a newly completed transaction by Rose Commercial Real Estate.

Residential & Mixed Use
JLL completes sale of 216-unit AvalonBay complex Tinton Falls

AvalonBay Communities Inc. has sold a 216-unit apartment complex in Monmouth County, brokers with JLL announced Tuesday after marketing the property.

Industrial
REIT plans to convert Lodi retail building to last-mile industrial site, Resource Realty says

A real estate investment trust is set to convert a former big-box retail site in Lodi into more than 170,000 square feet of industrial space, the property’s leasing team announced Tuesday.

Residential & Mixed Use
Larken touts start of 191-unit rental project in Hillsborough

A developer has broken ground on a large mixed-use project in Hillsborough, where plans call for 191 luxury apartments and some 28,000 square feet of retail space.

Industrial
BRC inks sale of 178,000 sq. ft. industrial building in Somerset County

A nearly 180,000-square-foot industrial building in Somerset County has changed hands, following a transaction arranged by Bussel Realty Corp.

Industrial
Lexus dealer renews lease at Bridgewater industrial, flex park

An auto dealership has renewed its 62,400-square-foot lease at a Bridgewater business park, under a newly announced transaction by Transwestern Real Estate Services.