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.

Retail
Rockaway strip center fully leased after deal with Mexican restaurant, Azarian says

A new restaurant is coming to a mixed-use property on Route 46 in Rockaway Borough, according to a leasing and management team with Azarian Realty Co.

Industrial
Sitex buys ex-Progressive facility off I-287, eyeing new use as industrial outdoor storage

Sitex Group has acquired the site of a 22,000-square-foot commercial building in South Plainfield that it plans to repurpose as an industrial outdoor storage property.

Hospitality & Tourism
Hard Rock Atlantic City details latest $50 million renovation to guest rooms, common spaces

The owners of the Hard Rock Hotel & Casino Atlantic City have launched the latest phase of a multiyear renovation with a $50 million update that’s now underway at the property.

Retail
Investor adds Vernon retail property anchored by Dollar General, VanRockCRE says

A private investor has purchased a nearly 12,000-square-foot retail property along a key throughfare in Sussex County, according to a brokerage team with VanRockCRE.

Residential & Mixed Use
Sales underway at new Toll Bros. luxury townhome project in Asbury Park

Toll Bros. Inc. has launched sales at a collection of new townhomes in Asbury Park, in one of the newest additions to the stock of high-end housing near the city’s iconic shoreline.

Office
French drug maker Pierre Fabre unveils new Secaucus office designed by Ware Malcomb

A global health care company has taken the wraps off its new U.S. headquarters in Secaucus after a project designed and spearheaded by Ware Malcomb.

Retail
JLL: Buyer wanted for 165,000 sq. ft. Camden County shopping center

A busy shopping center in Camden County is on the market for sale, brokers with JLL announced, touting its strong, stable tenant roster in an area with “compelling” demographics.

Industrial
NAI Hanson: CenterPoint, United Refrigeration ink 10,000 sq. ft. lease in Jersey City

CenterPoint has filled more than 10,000 square feet in Jersey City with a newly completed lease with United Refrigeration Inc., brokers with NAI James E. Hanson said Friday.

Residential & Mixed Use
Larken touts strong leasing, development momentum in residential segment in 2025

Larken Associates is seeing continued growth across its luxury multifamily portfolio, following a year in which it saw robust leasing activity and progress on key development projects.

Finance & Capital Markets
Khosla Capital refis 360-unit rental property in Hackensack for $90 million, CBRE says

The owner of a two-building, 360-unit luxury apartment complex in Hackensack has refinanced the property for $96 million, according to a debt placement team with CBRE.