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
JLL hires longtime Mack-Cali leasing executive

The former head of leasing for Mack-Cali Realty Corp. has joined JLL’s brokerage team in New Jersey.

Health Care & Education
CHA acquires, plans to convert ex-Novartis office building in East Hanover

A developer has acquired an 81,000-square-foot office building in East Hanover, with plans to renovate the property and reposition it as a skilled nursing and rehabilitation center.

Industrial
Manufacturer inks 16,000 sq. ft. lease in Somerville, BRC says

A maker of architectural moldings has leased 16,000 square feet at a Somerville industrial building, brokers with Bussel Realty Corp. said recently.

People
New hire will help Hollister navigate a promising trajectory

By Joshua Burd As one of the state’s fastest-growing firms, Hollister Construction Services has bolstered its team with an executive who is well-versed in managing large-scale construction portfolios. The Parsippany-based firm has hired Christopher Cestone as its new vice president…

Professional Services
Guiding the way: Brennan, Simon have positioned Colliers for continued growth in New Jersey

It has been a busy three years for both Kim Brennan and David Simon, who have worked together to lead Colliers International’s expansion in northern and central New Jersey. The global real estate services firm has grown to about 36 leasing and sales brokers in the market — roughly double the size of its team in 2015 — with an expanded focus on industrial, retail and investments sales. Colliers is also marking one year since it opened an office in Woodbridge, its third in New Jersey, to help support its long-term ambitions.

Office
Design firm touts new hotel-style amenities at Carnegie Center building (SLIDESHOW)

An architecture firm has channeled the hospitality sector in its redesign of a 140,000-square-foot building within the Carnegie Center office park near Princeton.

Residential & Mixed Use
DRA unveils new luxury apartments in Union

A developer has opened the doors to a new 130-unit, upscale apartment building in Union.

Retail
Lee & Associates inks bank extension in Livingston

Santander Bank has extended its nearly 5,000-square-foot lease at a Livingston commercial building, in a deal announced this week by Lee & Associates of New Jersey.

Office
NKF: Tenants ink 73,000 sq. ft. at upgraded Edison office building

The owner of an Edison office building has closed 73,000 square feet in new leases, following upgrades at the 250,000-square-foot property.

Industrial
CBRE industrial broker earns top national honors for 2017

A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.