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
Atlantic County retail center fetches $60 million

A real estate investment firm has landed in Atlantic County for its largest purchase of the year to date, acquiring a nearly 400,000-square-foot retail power center for $60 million.

Professional Services
Real estate, land use attorney among newest Greenbaum partners

A real estate and land use attorney with Greenbaum, Rowe, Smith & Davis LLP is among two newly named partners at the Woodbridge-based firm.

Industrial
Newmark broker inks 36,000 sq. ft. lease in Flanders, celebrates milestone

A tenant at a Flanders commercial building has signed a lease for nearly 36,000 square feet, in a transaction by a Newmark Associates broker who recently celebrated a milestone.

Industrial
Developers set to begin vertical construction at 4.1 million sq. ft. Linden industrial park

A joint venture is nearing the start of construction for its first two buildings at a long-awaited, 4.1 million-square-foot warehouse and logistics park in Linden.

Office
Wayne office building trades for $6.4 million, Marcus says

A private investor has paid $6.4 million to acquire a 132,000-square-foot office building in Wayne, in a newly completed transaction by Marcus & Millichap.

Industrial
C&W marketing 90,000 sq. ft. industrial building in Somerset County

An industrial building in Somerset County has hit the market for sale or lease, brokers with Cushman & Wakefield announced Thursday.

Residential & Mixed Use
Long Branch condo project more than 50 percent sold, with closings now underway

Closings are underway at a collection of beachfront condominiums in Long Branch, where a development and brokerage team has sold more than half of the property’s 57 homes.

Sponsored Content
Life sciences breeding positive momentum in the New Jersey CRE market

The nation’s life sciences sector continues to expand, boosted by technological advancements, growing employment and a strong economy. While Boston and San Francisco remain the country’s main life sciences hub, their tightening inventory and constrained labor force has driven momentum south to the Garden State.

Industrial
CBRE: Appetite for new logistics space in New Jersey among nation’s strongest

Vacancy at newly delivered industrial buildings in New Jersey was among the lowest in the nation in 2019, in yet another sign of the ongoing demand for modern logistics space.

Government & Public Policy
HMFA details $24 million tax credit round, eyeing 1,200 affordable units

Developers in New Jersey have until late July to apply for a share of $24 million in tax credits to help finance affordable housing, under a new timeline announced Wednesday by a state agency.