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
Devco’s Paladino named to energy company board of directors

New Brunswick Development Corp. President Christopher Paladino has landed a seat on the board of a prominent New Jersey-based energy company.

Professional Services
NAI Hanson broker earns SIOR designation

A veteran broker with NAI James E. Hanson has earned the prestigious Society of Industrial and Office Realtors designation, joining nearly a dozen others at the storied firm.

Retail
Larken, psychic sign 1,300 sq. ft. lease at Somerset County shopping center

Larken Associates has added to its tenant mix in Somerset County after inking a 1,300-square-foot lease with a psychic service, the landlord announced Tuesday.

Residential & Mixed Use
Gebroe-Hammer: Hudson County apartment building fetches $19.5 million

The owner of a 60-unit upscale apartment building in Hudson County has sold the property for nearly $20 million, in a transaction arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
BNE unveils 228-unit luxury rental project in Teaneck (SLIDESHOW)

BNE Real Estate Group has taken the wraps off a 228-unit luxury apartment building in Teaneck, offering a new suburban living option some five miles from Manhattan.

Industrial
Hampshire touts four New Jersey projects among recent self-storage deliveries

The Hampshire Cos. is touting the completion of eight new self-storage facilities spanning more than 800,000 square feet, including four projects in northern and central New Jersey.

Industrial
Travel accessories importer takes 70,000 sq. ft. in Freehold

An importing company is leasing more than 70,000 square feet of industrial space in Freehold, under a newly announced transaction by Sheldon Gross Realty.

Industrial
Tulfra sells self-storage complex in Clifton, Nutley for $24 million

Tulfra Real Estate has reaped more than $24 million from the sale of a newly developed, 925-unit self-storage facility in northern New Jersey.

Industrial
Resource Realty inks renewal, expansion for logistics firm in Randolph

A moving and logistics firm is expanding its footprint with a new lease and a renewal at adjacent buildings in Morris County, according to Resource Realty of Northern New Jersey.

Retail
LMC named managing agent of 73,000 sq. ft. retail center in Edgewater

Levin Management Corp. has landed a new assignment in Edgewater, marking the expansion of its management portfolio of grocery-anchored centers and of properties in Bergen County.