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

Hampshire lists retail, self-storage REIT on Singapore exchange

The Hampshire Cos. has announced the listing of a real estate investment trust on the Singapore Exchange, with a portfolio that spans 3.2 million square feet of retail and self-storage space.

Residential & Mixed Use

Gebroe-Hammer inks sale of 1,600 units in Q1, with a combined value of $316 million

Gebroe-Hammer Associates completed more than $300 million in first-quarter apartment sales in the region, the firm announced, while expressing optimism about the multifamily sector’s long-term health after it weathers the coronavirus pandemic.

Government & Public Policy

NJAA lauds rental assistance bill, but presses for long-term solution

State lawmakers on Monday are slated to consider a rental assistance bill that could help soften the blow to apartment owners during the COVID-19 crisis, but industry leaders say they need help from the federal government to weather the storm over the long haul.

Government & Public Policy

NJBA expresses ‘100 percent’ support for new COVID-19 construction rules

The New Jersey Builders Association expressed full support for Gov. Phil Murphy’s latest step to slow the spread of COVID-19, even if it meant new limitations for projects that had been exempted under earlier directives.

Residential & Mixed Use

LanTree touts leasing momentum, virtual platform at 70-unit Bayonne project

A developer is off to a fast start at a new 70-unit apartment building in Bayonne, where it’s now relying on virtual tours in order to maintain social distancing for staff and prospective renters.

Office

Dermatologist inks 5,200 sq. ft. lease in Haddon Heights, WCRE says

A dermatology practice has taken more than 5,000 square feet of medical office space in Haddon Heights, under a newly announced transaction by Wolf Commercial Real Estate.

Industrial

Colliers: Amazon continues swift expansion in New Jersey, leading the way in Q1

Amazon continued its rapid expansion in New Jersey in the first quarter, accounting for three of the top five industrial leases in northern and central New Jersey to start the year.

Industrial

West Deptford industrial building trades for $20 million, JLL says

An investment fund has acquired a fully leased, 183,000-square-foot industrial property in West Deptford for $20.2 million, in a transaction arranged by JLL.

Mack-Cali donates $100,000, hotel rooms to Jersey City hospital staff treating COVID-19

With Jersey City Medical Center on the front lines of the COVID-19 crisis, Mack-Cali Realty Corp. has donated a block of area hotel rooms to support health care workers at the hospital.

Office

NAI Hanson inks four renewals at Secaucus office complex

Four tenants have renewed their leases at a Secaucus office complex, under a series of newly completed transactions by NAI James E. Hanson.