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.

Office
Prism inks 300,000 sq. ft. lease at ON3 with Japanese pharmaceutical company

A global pharmaceutical company is moving its U.S. headquarters to Prism Capital Partners’ ON3 campus, having signed a full-building lease for the site’s landmark 15-story office tower.

Top News
How will industrial building design, construction or functionality change in 2021?

How will industrial building design, construction or functionality change in 2021? We assembled a panel of industry experts to tackle this month’s question.

Professional Services
C&W names new director in New Jersey equity, debt team

Cushman & Wakefield has added to its capital markets team in New Jersey with one of its newest hires.

Residential & Mixed Use
Marcus inks $3.4 million sale of Belleville apartment buildings

A private investor has sold a two-building, 28-unit apartment portfolio in Belleville for nearly $3.5 million, in a transaction arranged by Marcus & Millichap.

Office
Counseling service acquires 4,500 sq. ft. office building in Camden County

A nearly 4,500-square-foot office building in Haddon Heights has changed hands, following a transaction arranged by Vantage Real Estate Services.

Retail
Larken, Haitian restaurant sign 1,300 sq. ft. lease in Hillsborough

Larken Associates has added a new tenant to a commercial center in Hillsborough, inking a roughly 1,300-square-foot lease with a family-owned Haitian restaurant.

Retail
Construction underway on third phase of Randolph retail, medical office project

Vita & Vita Realty Corp. has started construction on the latest piece of what will be nearly 52,000 square feet of retail and medical office space in Morris County.

Residential & Mixed Use
Kokes eyes groundbreaking for 190-unit rental project in Riverside

Kokes Properties is slated to break ground later this year on the first piece of a plan to redevelop a long-vacant lot at the site of a former garment factory in Burlington County.

Government & Public Policy
State launches $25 million relief program for small landlords hurt by COVID-19

State officials have unveiled a $25 million grant program for small landlords who have lost rent revenue during the coronavirus crisis.

Residential & Mixed Use
Journal Square apartment buildings fetch $10 million, Gebroe-Hammer says

The longtime owner of two Jersey City apartment buildings has sold the 57-unit portfolio for nearly $10 million, in a newly announced transaction by Gebroe-Hammer Associates.