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
KBS inks $311 million sale of six-building, 1.2 million sq. ft. office campus in Florham Park

An affiliate of KBS has sold a six-building, 1.19 million-square-foot office park in Florham Park for more than $300 million, in a transaction arranged by CBRE.

Top News
Former Normandy partners detail plans for new private equity firm

Having completed the sale of the Normandy Real Estate Partners platform, three of the firm’s former principals have offered a glimpse at their next business endeavor.

Event Coverage
Visceglia family, Prism’s Diaz among honorees at upcoming NAIOP gala

One of the state’s best-known commercial real estate families will receive NAIOP New Jersey’s lifetime achievement award this spring, headlining the honorees at the association’s annual gala.

People
Denholtz names new COO, promotes finance executive in key leadership moves

Denholtz Properties has hired a veteran broker and development executive as its new chief operating officer, in one of two new changes to its leadership team.

Professional Services
CBRE industrial broker promoted to senior vice president

A rising industrial broker with CBRE has earned a promotion, the firm said, touting him as one of the youngest industry professionals in New Jersey to be named a senior vice president.

Professional Services
Avison Young hires new associate for New Jersey debt, equity team

Avison Young has made a new addition to its debt and equity team in New Jersey, tapping a recent intern as an associate based in the firm’s Morristown office.

Office
C&W: Tenant expands sublease, takes 30,000 sq. ft. at former Gerber HQ in Florham Park

A professional services and information technology firm has expanded its footprint in Florham Park, adding nearly 30,000 square feet to a sublease that began less than a year ago.

Hospitality & Tourism
Meadowlands hotel fetches $19 million, Marcus says

An institutional investor has acquired a 244-room hotel in Hasbrouck Heights, in a nearly $19 million sale arranged by Marcus & Millichap.

Government & Public Policy
Former NJBA president, veteran developer named NAHB chairman

A former New Jersey Builders Association president has been elected chairman of the National Association of Home Builders, marking a milestone as the first Hispanic to assume the role.

Office
Chilmark: Medical device maker takes 21,000 sq. ft. for new HQ in Marlton

A medical device company is relocating its headquarters in Burlington County, having leased nearly 21,000 square feet at an Evesham office building.