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
Weiss: New upscale rental project is latest step forward for Somerville

The Cobalt, a new 117-unit high-end apartment building at the site, has revitalized a long-vacant, formerly contaminated site just a block from Main Street in Somerville. In the process, Weiss Properties is offering a new living option for a town that is primed to tap into the market for walkable, transit-centric destinations.

Professional Services
RSC unveils redesign of Ridgewood restaurant (SLIDESHOW)

A popular restaurant in Ridgewood has reopened after a redesign and renovation overseen by a Hackensack-based architecture firm.

Office
Shifts in workplace, demographics in focus at Roche site redevelopment forum

Local residents were among those who turned out this week for a forum tied to Prism Capital Partners’ plans for the former Hoffmann-LaRoche campus in Nutley and Clifton, as the developer sought to highlight the shifts in demographics, corporate strategy and lifestyle choices that are now driving New Jersey’s economy.

Residential & Mixed Use
Kislak: East Orange properties fetch $13 million

A private investor has paid nearly $13 million to acquire two multifamily properties in East Orange, including an 88-unit brick building and a 44-unit garden complex.

Residential & Mixed Use
Cranford townhomes sell for $3.4 million, Gebroe-Hammer says

A complex of 10 townhomes has changed hands in Cranford, in a $3.4 million transaction arranged by brokers with Gebroe-Hammer Associates.

Industrial
NAI Hanson: Landscaping business moving to Hackensack flex building

A landscaping business is relocating to Hackensack after its owner acquired a 2,800-square-foot flex industrial building in the city.

Retail
Franchise restaurant expert joins Ripco New Jersey team

Ripco Real Estate has expanded its team of retail brokers in New Jersey with another new hire.

Government & Public Policy
HMFA announces new round of tax credits to fund 1,400 affordable units

A state agency is set to fund the construction of some 1,400 low- and moderate-income apartments in the state, thanks to a new allocation of a popular federal subsidy program.

Office
Denholtz: Upgrades complete at Bernardsville office building

Denholtz Associates has concluded its year-long, $500,000 renovation of a 54,600-square-foot office building in Bernardsville.

Retail
Ex-restaurant site in Monmouth slated for redevelopment, Jeffery Realty says

A developer has closed on the site of a long-vacant restaurant in Middletown, where it has proposed building more than 21,000 square feet of new retail space in its place.