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
Jersey City breaks ground on $120 million public safety headquarters

Construction is underway on a new $120 million public safety headquarters in Jersey City, the latest piece of a growing municipal district in one of the city’s historic neighborhoods.

Professional Services
Schenck Price adds counsel in land use, commercial real estate groups

Schenck, Price, Smith and King LLP has bolstered its team of land use and commercial real estate attorneys with one of its newest hires in New Jersey.

Residential & Mixed Use
Developer completes lease-up at 80-unit rental project in Union, eyes second phase

A developer has completed its lease-up at an 80-unit luxury apartment building in Union, touting the milestone despite opening just weeks before the state’s coronavirus outbreak.

Industrial
Hair products maker takes 59,000 sq. ft. at Meadowlands industrial building

A hair products company is expanding into nearly 60,000 square feet of industrial space in Moonachie, in a newly completed lease by Team Resources Inc.

Office
WCRE inks sale of 33,000 sq. ft. office building in Marlton

An office building in the Marlton section of Evesham is under new ownership, following a transaction arranged by Wolf Commercial Real Estate.

Roundtable
What is a lesser-known need, issue or concern when preparing for a post-COVID workplace? 

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.

Finance & Capital Markets
New York Life lends $65 million for new Kearny industrial project

New York Life Real Estate Investors has completed a $65 million loan to the developer of a nearly 420,000-square-foot industrial building in Kearny.

Office
Somerset Development inks renewal, expansion among newest leases at Bell Works

Somerset Development has secured a renewal and expansion with a communications testing firm, in the largest of four new leases at its flagship Bell Works complex in Holmdel.

Industrial
Importer buys 16,200 sq. ft. warehouse in Elizabeth, Team Resources says

An importing company has acquired a 16,200-square-foot industrial building in Elizabeth, under a newly announced transaction by Team Resources Inc.

Residential & Mixed Use
Developer launches site work, proceeds with adaptive reuse of historic Paterson complex

A developer is moving ahead with a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into a destination for residents and businesses.