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
Marcus: Jersey City rental building fetches $2.3 million

A private investor has sold a 12-unit apartment property in Jersey City for $2.3 million, under a transaction arranged by brokers with Marcus & Millichap.

Office
NKF: Investment group sells 95,000 sq. ft. science, tech building in Warren

A joint venture has sold a newly upgraded, multiuse commercial building in Warren, under a transaction arranged by brokers with Newmark Knight Frank.

Top News
Mack-Cali postpones annual meeting, citing ongoing talks with Bow Street

Mack-Cali Realty Corp. has postponed its annual stockholders meeting this week amid ongoing talks with a dissident investor group that has sought to take over its board.

Office
Investment firm acquires 292,000 sq. ft. office campus in East Windsor

A private investment firm has made its entrance to the Mercer County submarket, acquiring a four-building, 291,550-square-foot office campus in East Windsor.

Office
Larken inks leases, renewal at Branchburg office park

Larken Associates has signed three new leases and a renewal at a 15-building, 116,526-square-foot office complex along Route 22 in Somerset County.

Retail
Salt therapy chain eyes 1,000 locations, taps CBRE to lead U.S. expansion

A salt therapy provider has retained CBRE as its agent to help it expand to up to 1,000 franchise locations around the country, the real estate services firm announced Wednesday.

Top News
Walsh relaunches construction and project management firm, eyeing new lighting platform

The Walsh Company has enjoyed a fast start since it was relaunched last fall, with new assignments including roles as a general contractor, project manager and client representative. But Ed Walsh has also set his sights on an altogether new business: a lighting platform that he says provides users with greater control, efficiency and transparency than traditional fixtures.

Office
New Brunswick boutique office building fetches $4.35 million

The developer of a boutique office building in downtown New Brunswick has sold the property for $4.35 million, under a newly announced transaction by CBRE.

Industrial
Duke Realty adds leasing rep to New Jersey team

Duke Realty Corp. has deepened its bench in New Jersey with the addition of a leasing representative who has relocated from its Pennsylvania office.

Office
CRG, NAI Hanson ink three new leases at Parsippany office building

Three tenants have leased a combined 5,639 square feet at a renovated office building in Parsippany, under a series of transactions announced by NAI James E. Hanson.