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
JLL: Credit union sells 18,000 sq. ft. former headquarters building in Wayne

A credit union has sold an 18,000-square-foot office building in Wayne, with plans to remain as a tenant alongside the medical practice that acquired it.

Residential & Mixed Use
JMF touts new amenities at Denville townhome community

JMF Properties has completed a series of upgrades at a luxury townhome complex in Denville, seeking to accommodate residents who are spending more time at home.

Deals
Industrial-turned-church building in Hackensack changes hands, NAI Hanson says

A local church has sold a converted industrial building in Hackensack, securing a deal with another faith-based organization that will move into the property.

Top News
A look at NAIOP New Jersey’s Deal of the Year finalists

Nine of the state’s most impactful development projects will take center stage Wednesday night as NAIOP New Jersey hosts its annual commercial real estate awards gala.

Residential & Mixed Use
Developers launch 137-unit rental project, expanding footprint in Jersey City neighborhood

A joint venture is preparing to unveil the next piece of a growing residential neighborhood in Jersey City, offering another 137 luxury apartments just south of the Hoboken border.

Government & Public Policy
NJAA: Landlords, renters need further support from federal and state governments

The New Jersey Apartment Association is renewing calls for additional assistance to both renters and landlords, as highlighted by the recent national eviction moratorium by the federal government and continued discussions among state policymakers.

Residential & Mixed Use
Prism: Hoboken ‘Wonder Lofts’ condo, apartment project slated for June 2021 delivery

Prism Capital Partners is eyeing a June completion date for its conversion and restoration of a historic Wonder Bread factory in Hoboken, where it will deliver 89 new residential units.

Health Care & Education
Atkins, Atlantic Health ink 37,000 sq. ft. lease at Bridgewater medical office building

Atkins Cos. has lured a top New Jersey health care network to a new location in Bridgewater, inking a 37,030-square-foot lease at the site of a former office space for a bank.

Health Care & Education
BRC: Cranford medical office building trades for $2.3 million

An investor has added more than 14,000 square feet of medical office space to its portfolio, acquiring a two-story property in Union County for $2.3 million.

Government & Public Policy
Brogan: Apartment owners still facing economic, legislative concerns as health crisis continues

With New Jersey’s coronavirus crisis entering its seventh month, the state’s apartment industry still faces a long list of challenges amid legislative efforts to address the economic fallout. Real Estate NJ connected with David Brogan, the executive director of the New Jersey Apartment Association, who weighed in on everything from rent collections to state and federal policy proposals that he believes would have dire financial consequences for landlords.