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
Kolakowski named NJBA chief executive

The New Jersey Builders Association has tapped a longtime member of its leadership and government affairs team as its new CEO.

Retail
Monmouth retail center that will house new ShopRite sells for $32 million

A buyer has paid $32 million to acquire a fully leased, soon-to-be-repositioned retail center in Monmouth County that will be home to a new ShopRite location.

Professional Services
NAI DiLeo-Bram adds retail expert to growing brokerage team

NAI DiLeo-Bram & Co. has made another addition to its brokerage team, seeking to expand its foothold in the changing retail sector.

Industrial
Union Township warehouse fetches $3.25 million, Boniakowski says

A nearly 21,000-square-foot industrial building in Union Township has changed hands for $3.25 million, in a transaction by The Boniakowski Commercial Real Estate Group.

Industrial
Larken inks new leases with Hillsborough dance studios, offering social distancing solutions

Larken Associates has signed two new leases at a flex and industrial campus in Hillsborough, providing new homes for two dance studios that were seeking to safely resume operations.

Retail
Growing smoothie, acai bowl chain adds 2,500 sq. ft. location in Holmdel

A national smoothie and acai bowl franchise has opened a new 2,500-square-foot location at a Holmdel shopping center, under a newly announced lease by Kraft Development II.

Finance & Capital Markets
JLL taps Klein as co-head of New Jersey capital markets group

JLL has named a new co-head of its New Jersey capital markets team, tapping a veteran broker to oversee the firm’s debt and equity placement business in the region.

Government & Public Policy
State seeking new bids, proposals for 80-acre ‘gateway’ parcel at Fort Monmouth

One of the top parcels at the former Fort Monmouth site is back on the market, as state officials seek a new plan for bringing residential and commercial uses to the 80-acre development site.

Residential & Mixed Use
Gebroe-Hammer inks $460 million in multifamily sales in first half of 2020

Gebroe-Hammer Associates is touting the completion of nearly $460 million in multifamily sales year to date, thanks in part to its ongoing activity during the height of the coronavirus crisis.

Office
Parsippany: P3 Properties taps C&W as leasing agent for 550,000 sq. ft. campus

The new owner of a prominent two-building, 550,000-square-foot office complex in Parsippany has picked Cushman & Wakefield as its leasing agent.