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

Affordable apartments in Newark rehabbed with LIHTC tax credits

State and local officials cut a ceremonial ribbon Thursday to mark the major rehabilitation of a decades-old building with 200 apartments for working families in the city’s Central Ward.

Office

PT practice takes 5,400 sq. ft. for Paramus headquarters, NAI Hanson says

A physical therapy practice is relocating its headquarters in Paramus, inking a lease for nearly 5,400 square feet near the busy intersection of routes 4 and 17.

Professional Services

Diversity, mentorship are key ingredients in consulting firm’s growth

One of the state’s fastest-growing environmental consulting firms has embraced the increasing diversity in the field, a step that is critical to the company’s larger goal of attracting and developing talent at the top of its ranks.

Retail

Four new retailers opening at Bell Works

Four new retailers are planning to open stores at Bell Works, the sprawling mixed-use destination created by Somerset Development at the former Bell Laboratories in Holmdel.

Deals

NAI Hanson inks sale of Rochelle Park lot to landscaping business

A landscaping company has expanded its footprint with the acquisition of a 0.6-acre lot adjacent to its Rochelle Park headquarters, in a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use

Miami apartment owner invests in 401-unit Newark high-rise

A high-rise apartment complex in Newark’s Forest Hill section has changed hands for $73 million, drawing a preferred equity investment from a Miami-based multifamily owner.

Residential & Mixed Use

PAM Properties, Cervelli lead turnaround of Ocean County apartment complex

An ownership and management team is hailing the turnaround of a 344-unit apartment complex in Ocean County, spurring improved retention and an increase in rental rates as part of an effort that has garnered acclaim from the industry’s top trade association.