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
DIGroup announces four leadership promotions in New Brunswick, Philly offices

DIGroup Architecture has named a new principal and promoted three other leaders across its New Brunswick headquarters and satellite office in Philadelphia.

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

Yada Properties is welcoming two new tenants at a Readington retail center after a set of leases totaling nearly 6,600 square feet.

Residential & Mixed Use
New TFE townhome-style rental project in Somerville hits 50 percent leased milestone

TFE Properties has leased 50 percent of a new rental project that will bring 174 townhome-style units to a location just outside downtown Somerville.

Government & Public Policy
Bill to boost housing density with extra state aid to towns clears Assembly committee

State lawmakers are hoping to create new housing in New Jersey with an incentive-based approach, unveiling a bill that would boost aid to municipalities that update their zoning to allow for higher-density residential development.

Office
CBRE: Keystone sells 151,000 sq. ft. Fair Lawn office building to Atkins for $22 million

Keystone Development + Investment has sold a more than 151,000-square-foot medical and professional office building in Fair Lawn for $22 million, in a deal arranged by CBRE.

Industrial
SJP expanding Southeast footprint with new 294,000 sq. ft. logistics building near Charlotte

SJP Properties has unveiled plans to build nearly 294,000 square feet of new logistics space outside Charlotte, continuing its expansion in key Southeast industrial markets.

Professional Services
PREMIER Design + Build promotes Tobias to vice president, project development, in Northeast

PREMIER Design + Build Group has promoted Alexis Graziosetta-Tobias to vice president for project development of its Northeast region.

Deals
Downtown Morristown development site trades for $4.9 million, Marcus says

A local private investor has acquired a development site in downtown Morristown for $4.9 million, brokers with Marcus & Millichap announced Monday.

Industrial
Accordia plans Q3 groundbreaking for 504,000 sq. ft. industrial campus in Roxbury

Accordia is eyeing a third-quarter groundbreaking for more than 500,000 square feet of new industrial space in Roxbury, having secured a key approval for the project from local officials.

Residential & Mixed Use
Jersey City’s NUIC lands unanimous planning board approval for 44-unit rental project

Development firm NUIC plans to redevelop a long-vacant site at 174-178 Martin Luther King Drive in Jersey City as a five-story, 44-unit apartment building known as Harmony House. — Rendering courtesy: NUIC By Joshua Burd The Jersey City planning board…