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.

Residential & Mixed Use
Kearny, East Newark apartments sell for $2.3 million

Three apartment buildings in western Hudson County have changed hands for $2.3 million, according to Cervelli Real Estate & Property Management.

Professional Services
Bergen County rec complex, senior center upgrade nearly complete, Dresdner Robin says

A community in Bergen County is nearing completion of a revamped recreation and senior center complex, following design and site work by a team with Dresdner Robin.

Government & Public Policy
Murphy signs permit extension bill, drawing praise from developers

Real estate industry advocates are cheering the passage of a state law to extend the timeline for governmental permits and approvals for projects that were stalled by the pandemic.

Residential & Mixed Use
Plainfield planning board approves 14-unit apartment building, retail space

A proposal to build 14 new apartments and retail space near the Plainfield train station is moving ahead after being endorsed by the city’s planning board.

Office
Wealth manager, IT consultant take 9,200 sq. ft. in East Hanover

Two tenants have combined to lease 9,200 square feet of office space in Morris County, under a newly announced transaction by Sheldon Gross Realty.

Retail
NIA National touts 724 sq. ft. lease for Bergen County ice cream shop

A custom ice cream sandwich shop has opened its doors in Westwood after agreeing last year to a 724-square-foot lease in the borough.

Office
NKF: New Jersey office market stalls in Q2 as tenants grapple with COVID crisis

Office leasing in New Jersey slowed significantly in the second quarter, with renewals and extensions accounting for most of the activity as tenants navigated the coronavirus crisis.

Office
Investor buys Mount Laurel office campus, its latest New Jersey acquisition

An investment firm has acquired a four-building, 234,563-square-foot office campus in Mount Laurel, with plans to rebrand and upgrade at the property as it looks to attract new tenants.

Finance & Capital Markets
G.S. Wilcox secures $6 million for developer of Springfield Wawa

A developer has landed $6 million in financing for a newly opened Wawa gas station and convenience store in Springfield, G.S. Wilcox & Co. announced Wednesday.

Top News
Woodmont honored as top New Jersey workplace

Woodmont Properties has earned recognition as a top employer in New Jersey as part of an employee engagement survey conducted by a statewide media outlet.