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.

Professional Services
CBRE promotes Forcello to New Jersey market leader, senior managing director

Will Forcello has taken the reins as CBRE’s market leader in New Jersey, assuming the post after serving in an interim role since late last summer.

Residential & Mixed Use
Kislak: Family office sells Millburn apartment, retail building after more than 50 years

A family ownership group has sold an apartment and retail building in Millburn for $4 million, in a newly announced deal by The Kislak Co. Inc.

Industrial
Lincoln Equities, PCCP sell Rockland County industrial portfolio for $63 million, JLL says

Lincoln Equities Group and PCCP have sold nearly 262,000 square feet of light industrial space in New York’s Rockland County for $62.75 million, brokers with JLL announced Wednesday.

Retail
Yada Properties inks new leases in Whitehouse Station with hair salon, café

Yada Properties is welcoming two new retail tenants to a mixed-use property in Readington after a set of leases totaling nearly 6,600 square feet.

Industrial
Riefler joins Trammell Crow Co. New York metro industrial team

Trammell Crow Co. has added to its team in the tristate area with the hiring of Jagger Riefler as a vice president, the developer announced Wednesday.

Retail
LMC welcomes DXL Big + Tall to Somerville Circle Shopping Center in Raritan

DXL Big + Tall has opened its doors at the busy Somerville Circle Shopping Center in Raritan Borough, where it occupies more than 6,100 square feet under a lease arranged last fall.

Health Care
National Development entering New Jersey with 86-unit senior living project in Scotch Plains

National Development has broken ground on a new 86-unit senior living community in Scotch Plains, marking its entrance to New Jersey as part of a multipronged expansion in the region.

Professional Services
Pennoni taps Hoyt as head of engineering firm’s Newark, East Hanover offices

Engineering firm Pennoni has promoted Stephen Hoyt to director of its Newark office, placing him at the helm of its growing team in New Jersey.

Industrial
Petrucci to build 200,000 sq. ft. light manufacturing hub as part of Buffalo-area redevelopment

J.G. Petrucci Co. Inc. is bringing its talents to western New York, where it plans to build at least 200,000 square feet of light manufacturing space at a redevelopment area outside Buffalo.

Industrial
Three-building, 20,000 sq. ft. flex portfolio in Matawan changes hands, Sheldon Gross says

A private business has acquired more than 20,000 square feet of commercial space across three buildings in Matawan, in a deal arranged by Sheldon Gross Realty and KBC Advisors.