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.

Finance & Capital Markets
P3 Properties lands $60 million loan for Parsippany office acquisition

The buyer of a two-building, 550,000-square-foot office complex in Parsippany has secured nearly $60 million in financing, under a newly announced transaction by JLL.

Top News
Planned Cos. launches $500,000 relief fund for employees impacted by COVID-19

A Parsippany-based building services company has launched a $500,000 relief fund to support its employees during the coronavirus crisis.

Office
Investment firm adds 30,000 sq. ft. Red Bank office building

An investment firm has acquired a nearly 30,000-square-foot office building in Red Bank, with plans to upgrade the property with a focus on green initiatives and technology.

Office
McCarter extends 117,000 sq. ft. lease at Newark’s Gateway complex, Onyx says

One of the state’s largest law firms has extended its nearly 120,000-square-foot lease at Newark’s Gateway complex, whose ownership is planning a sweeping upgrade and expansion.

Industrial
Resource Realty touts $11.5 million in sales in northern, central New Jersey

A manufacturer has reaped $11.5 million from the sale of a 77,000-square-foot building in Union County, in the largest of several new deals by Resource Realty of Northern New Jersey.

Top News
Villanova students win top spot in annual NAIOP college case study competition

A team of Villanova University students took top honors for this year’s NAIOP New Jersey case study competition, offering a winning plan to repurpose a former silk mill in Paterson. 

Office
Law firm inks 1,900 sq. ft. renewal in Livingston, NAI Hanson says

A law practice has renewed its nearly 2,000-square-foot lease at a Livingston office building, under a newly announced transaction by NAI James E. Hanson.

Office
Avison Young set to continue as leasing agent at Florham Park campus

The new owner of a sprawling six-building office campus in Florham Park has retained Avison Young as its leasing agent for the property.

Industrial
Joint venture acquires South Jersey industrial portfolio for $43 million

An investment group has closed on its purchase of seven industrial buildings in Burlington and Gloucester counties, acquiring the portfolio for just under $43 million.

Government & Public Policy
Judge sides with landlords, halts rollout of Montclair rent control

A judge has blocked the implementation of a new rent control ordinance in Montclair, siding with property owners who contested the measure after its passage earlier this month.