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
Walsh Co. adds project manager to construction team

The Walsh Co. has added a longtime New Jersey construction professional to its growing team.

Industrial
CenterPoint buys port-area warehouse property in Elizabeth

CenterPoint Properties has acquired an industrial site near Port Newark-Elizabeth, touting its abundance of parking and an opportunity for future development.

Retail
Art studio set to open at Galloway retail center, Vantage RES says

An art studio has joined the tenant roster at an Atlantic County shopping center, according to a team of brokers with Vantage Real Estate Services.

Top News
Deugen eyes fall completion for new childhood education, daycare center in Hoboken

An early childhood education and daycare center is expanding in Hoboken, adding a new 15,000-square-foot location at the site of a former furniture store.

Residential & Mixed Use
City native spearheading long-awaited redevelopment at Elizabeth transit site

A new mixed-use building will bring 267 upscale apartments and 36,000 square feet of office, restaurant and retail space to the corner of Union and West Grand streets in Elizabeth, the site of a long-vacant redevelopment parcel near an NJ Transit train station.

Finance & Capital Markets
JLL touts $34 million construction loan for North Haledon rental project

The team behind a 180-unit multifamily development in North Haledon has secured a $34 million construction loan for the project, according to a capital markets team with JLL.

Office
Sax eyes year-end move to new Parsippany headquarters

Sax LLP is set to move later this year to its new headquarters in Parsippany, where it’s leasing nearly 40,000 square feet within a revitalized office campus.

Residential & Mixed Use
Developers launch leasing at 46-unit rental building in Montclair (SLIDESHOW)

A joint venture is set to debut a new boutique apartment building in Montclair, offering residents a short walk to rail service and the town’s central business district.

Industrial
Prologis, office furniture business ink 26,000 sq. ft. renewal in Meadowlands, NAI Hanson says

An office systems and furniture company is staying in place in the Meadowlands after signing a renewal for more than 26,000 square feet, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
Bijou, Intercontinental hail 80 percent leased milestone at Hoboken apartment tower

Apartment dwellers are still bullish on western Hoboken, where a joint venture has now leased 80 percent of a new 424-unit luxury residential building.