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.

Retail
CBRE brokers sale of Chase portfolio in Montclair

JPMorgan Chase & Co. has sold three properties in Montclair for a combined $4 million, in a recent transaction arranged by brokers with CBRE.

Government & Public Policy
Liquor license reform in focus at New Jersey Future forum

What can state government do to help redevelopment in New Jersey? The real estate community certainly has its own ideas, but so does a lawmaker and a former longtime mayor. Assemblyman Jim Kennedy answered that very question last week, raising the need for liquor license reform and highlighting what has become been a top priority for New Jersey’s commercial real estate sector.

Retail
Toys R Us set to liquidate in New Jersey, nationwide

Nearly 30 remaining Toys R Us stores in New Jersey are among more than 700 that will likely close or be sold nationwide, as the chain succumbs to a decline fueled by competition from e-commerce and its crushing debt burden.

Residential & Mixed Use
Montclair apartment building hits leasing milestone

A newly built, 40-unit luxury apartment building in Montclair is fully leased.

Professional Services
Vantage RES names new associate VP

Vantage Real Estate Services has hired an associate vice president, seeking to add to its capabilities in development, land use and other disciplines.

Office
NAI Hanson inks 20,000 sq. ft. office sale in Morris County

An area business owner has acquired a nearly 20,000-square-foot office building in Hanover, following a sale arranged by brokers with NAI James E. Hanson.

Residential & Mixed Use
East Orange rental portfolio sold for $19.4 million

An out-of-state buyer has paid nearly $19.4 million to acquire a four-building, 200-unit apartment portfolio in East Orange, as part of a sale brokered by The Kislak Co. Inc.

Industrial
Advance, Greek buy 350-acre industrial tract in Linden

Advance Realty and Greek Development have partnered once again, acquiring a 350-acre site in Linden that they say is now primed to become a large industrial park.

Professional Services
Capital markets broker joins NAI Hanson

NAI James E. Hanson has added to its capital markets team with the hiring of a new broker.

Retail
Boutique wine shop commits to Jersey City rental building

A wine and spirits store has leased 5,000 square feet at the base of Modera Lofts, a 366-unit luxury apartment building inside a historic brick warehouse in Jersey City.