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.

Office
NKF inks sale of 207,000 sq. ft. Mack-Cali building in Fort Lee

Mack-Cali Realty Corp. has sold a 10-story office building near the entrance of the George Washington Bridge in Fort Lee, brokers with Newmark Knight Frank announced Monday.

Government & Public Policy
Murphy: Apartment renters can now use security deposit to help with payments

Apartment tenants in New Jersey may now tap their security deposits to help pay rent during the COVID-19 crisis, under a newly signed executive order by Gov. Phil Murphy.

Retail
Camden County retail property trades for $32 million, C&W says

A joint venture has acquired a 151,000-square-foot shopping center in Camden County, under a newly completed transaction by Cushman & Wakefield.

Hospitality & Tourism
Caesars, VICI selling Bally’s Atlantic City for $25 million

Caesars Entertainment Corp. and VICI Properties Inc. have agreed to sell the Bally’s Atlantic City Hotel & Casino, further reducing Caesars’ footprint in the resort town.

Office
Mortgage firm relocates, takes 2,500 sq. ft. in Cherry Hill

A mortgage company has leased 2,500 square feet at a Cherry Hill office building, under a newly announced transaction by Vantage Real Estate Services.

Industrial
Industrial sector could bounce back quickly — and stronger — after short-term hit from COVID

Industrial developers and companies seeking logistics space are unlikely to face lasting damage from the coronavirus pandemic, experts say, but the market is still poised for major changes amid disruptions to supply chains and consumer spending habits.

Top News
Mack-Cali details rent collections, construction activity during pandemic

Rent collections for Mack-Cali Realty Corp.’s office and residential holdings have held strong thus far, as the company works with tenants to navigate the COVID-19 economic crisis.

Industrial
Transportation, logistics firm takes 120,000 sq. ft. in Burlington County

The owner of a Burlington County industrial building has secured a commitment for more than 120,000 square feet, inking a lease with a specialty transportation and logistics firm.

Professional Services
Ware Malcomb announces new principal in Newark, New York offices

Design firm Ware Malcomb has named a new principal in its Northeast region.

Office
Landlord, brokers unveil new amenities slated for East Brunswick office tower (SLIDESHOW)

The owner of a prominent office tower in East Brunswick has taken the wraps off its plans to upgrade the property, while touting a recent uptick in leasing as a result of the investment.