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
Scarinci Hollenbeck names new co-chair in real estate group

Scarinci Hollenbeck has named a new leader in its commercial real estate group, in one of several recent leadership changes for the Lyndhurst-based practice.

Retail
C&W inks 6,300 sq. ft. restaurant lease in Nutley

A northern New Jersey restaurant is relocating to Nutley as part of a recently announced, 6,300-square-foot lease completed by Cushman & Wakefield.

Retail
Investor sells 14,500 sq. ft. retail property in Vineland, WCRE says

A nearly 15,000-square-foot retail property in Vineland has changed hands, following a transaction arranged by brokers with Wolf Commercial Real Estate.

Retail
R.J. Brunelli touts leases in Ocean, Passaic counties among latest deals

Dollar Tree has leased nearly 10,500 square feet in Ocean County at what will be one of its newest locations in New Jersey, brokers with R.J. Brunelli & Co. LLC announced.

Industrial
REIT acquires 114,000 sq. ft. warehouse, headquarters office in Branchburg

A real estate investment trust has acquired a Branchburg warehouse and office building — the home of a well-known furniture distributor — in a newly announced transaction by GM Realty Advisors Inc.

Government & Public Policy
HMFA awards $22.5 million in tax credits, supporting 1,200 affordable units

State officials have awarded more than $22 million in new funding under a federal tax credit program for affordable housing developers, supporting 17 projects that will create some 1,200 units for families, seniors and residents with special needs.

Government & Public Policy
Office space analytics startup opens at Kearny Point, with EDA support

A technology startup has opened offices at the sprawling Kearny Point complex after being approved for a rent subsidy program by the state Economic Development Authority.

Industrial
Atlantic County industrial building trades for $1.45 million, NAI Mertz says

A nearly 35,000-square-foot industrial building near Atlantic City has changed hands for $1.45 million, following a newly completed transaction by NAI Mertz.

Industrial
New warehouse lease shows long-term strategy, promise of e-commerce for Goodwill

Even in the extraordinarily tight industrial market in northern New Jersey, a century-old nonprofit with a good brand and a long-term lease plan can still acquire new warehouse space. Of course, it doesn’t hurt when the nonprofit sees e-commerce as a vital part of its future.

Residential & Mixed Use
Newark apartment portfolio fetches $5.8 million, Kislak says

A four-building, 69-unit apartment portfolio in Newark has changed hands for nearly $6 million, following a newly announced transaction by The Kislak Co. Inc.