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
Relaxed deadlines could bring new attention, momentum to Opportunity Zone projects

The COVID-19 pandemic has threatened to stall many development projects nationwide, including those under the federal Opportunity Zone program, but experts say those investments could gain new momentum after a series of recent steps by regulators.

Residential & Mixed Use
North Bergen condo project tops out, eyes Q1 delivery

A condominium building under construction in North Bergen is on track to open early next year after marking the completion of vertical construction.

Residential & Mixed Use
Apartments at landmark Newark tower top 90 percent leased milestone

A collection of more than 200 apartments inside a newly restored, 21-story building in downtown Newark is on the verge of being fully leased.

Industrial
New York investment firm adds Sparta self-storage complex

An investment firm has purchased a 58,000-square-foot self-storage facility in Sparta, marking its second recent acquisition in New Jersey.

Professional Services
Premier announces two promotions in New Jersey office

Premier Design + Build Group has promoted two construction professionals in its New Jersey-based regional office.

Professional Services
DMR touts start of addition, renovation at county courthouse in Freehold

Construction is underway on a renovation and addition to the Monmouth County Courthouse in Freehold, in a project designed by DMR Architects.

Office
LPC: Mortgage lender renews 2,900 sq. ft. lease in Basking Ridge

A mortgage lender has extended its lease at a two-building office complex in Basking Ridge, where it occupies nearly 3,000 square feet.

Residential & Mixed Use
Woodmont, Canoe Brook launch construction at Secaucus apartment project

Woodmont Properties and Canoe Brook Development have started construction on a new 116-unit luxury apartment property in Secaucus.

Industrial
Developer sells 1.2 million sq. ft. industrial portfolio in Pennsauken, Colliers says

The original developer of two large industrial parks in Camden County has sold the 32-building, 1.2 million-square-foot portfolio, in a newly completed transaction by Colliers International.

Industrial
Fulfillment vendor leases 67,000 sq. ft. in Parsippany

A fulfillment vendor for Amazon is taking nearly 70,000 square feet at a warehouse and distribution facility in Parsippany, according to Resource Realty of Northern New Jersey.