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.

Industrial
Investment firm adds 48,000 sq. ft. warehouse, expanding South Jersey holdings

An investment firm has acquired a 48,000-square-foot industrial building in Camden County for $2.7 million, according to brokers with Colliers International.

Finance & Capital Markets
JLL inks two loans for industrial portfolio in North Jersey, Rockland County

The owner of four industrial buildings in New Jersey and New York has refinanced the properties, under a set of newly announced transactions by JLL.

Industrial
Colliers: Sublease space on the rise in N.J. industrial sector, despite market’s strength

While industrial space remains in short supply, New Jersey is seeing a spike in new sublease offerings as smaller logistics firms feel the economic pinch of the pandemic.

Retail
Trader Joe’s opens at new March Associates shopping center in Wayne

A new Trader Joe’s has opened its doors in Wayne, anchoring a long-awaited, 50,150-square-foot shopping center developed by March Associates Construction.

Event Coverage
March of Dimes honors Milanaik, raises $270,000 in virtual progam

The March of Dimes has honored one of New Jersey’s top industrial developers as part of a popular commercial real estate industry fundraiser that was held virtually this year.

Residential & Mixed Use
Pennrose hits 70 percent leased milestone at New Brunswick apartment tower

A new 207-unit luxury apartment tower in downtown New Brunswick is more than two-thirds leased after a recent flurry of activity by renters.

Retail
Three new tenants join Burlington retail center, leasing a combined 57,000 sq. ft.

The owner of a Burlington shopping center is touting the addition of three new national tenants, following a recent renovation of the nearly 400,000-square-foot property.

Residential & Mixed Use
Nutley apartment building fetches $19 million, Gebroe-Hammer says

The developer of a 108-unit apartment building in Nutley has sold the property for $19 million, in a newly announced transaction by Gebroe-Hammer Associates.

Government & Public Policy
HMFA reopens landlord relief program, expands eligibility to owners of up to 30 units

The state has extended and expanded an emergency grant program for New Jersey apartment landlords, drawing praise from the multifamily sector despite the need for additional relief.

Professional Services
JLL announces new hire in New Jersey debt, equity placement team

JLL has added to its New Jersey capital markets group with one of its newest hires in the state.