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.

Professional Services
SIOR NJ showcases largest 2019 deals at recent awards ceremony

The Society of Industrial and Office Realtors’ New Jersey chapter hosted its annual largest deal awards on Feb. 27, highlighting some of the Garden State’s top transactions of 2019.

Industrial
NAI Hanson inks sale of 16,000 sq. ft. flex industrial building in Elmwood Park

A longtime owner in Elmwood Park has sold a 16,000-square-foot flex industrial building in the borough, under a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
Developers in Hoboken, Oceanport launch virtual tours amid COVID-19 crisis

With the coronavirus crisis still escalating, two prominent New Jersey developers are now among those to offer virtual tours of their newly opened residential properties.

People
Investment sales broker rejoins Colliers’ New Jersey team

An investment sales broker has rejoined Colliers International, where he will focus on business development and transactions throughout New Jersey and the tristate region.

Office
Avison Young touts 153,000 sq. ft. in leasing at Florham Park office campus

Accounting firm Wiss & Co. LLP has leased more than 40,000 square feet at a Florham Park office campus, in the largest of several newly announced transactions by Avison Young.

Deals
Furniture rental business takes 16,500 sq. ft. in Wyckoff, NAI Hanson says

The Stro Cos. has brought a Wyckoff industrial building to full occupancy after recently completing a 16,500-square-foot lease, brokers with NAI James E. Hanson said Tuesday.

Residential & Mixed Use
Luxury apartment, retail complex in Metuchen sells for $30 million

The developer of a two-year-old luxury residential and retail complex in Metuchen has sold the property for nearly $30 million, in a transaction arranged by JLL.

Government & Public Policy
Construction to carry on after being deemed essential, drawing praise from NJBA

Construction is set to continue in New Jersey after being deemed an essential business during the coronavirus crisis, providing a lift to developers even as they await additional guidance.

Residential & Mixed Use
First residents move into new 116-unit apartment complex in Rahway

A new luxury apartment building in downtown Rahway has welcomed its first residents after the recent launch of its leasing campaign.

Residential & Mixed Use
Brogan: Apartment industry bracing for impact of ‘stay at home’ order, economic uncertainty

With millions of New Jersey residents ordered to stay at home, apartment owners and managers are set to play a critical role in the effort to curb the spread of COVID-19. They’re also bracing for a major impact from a teetering economy and the prospect of some residents being unable to pay rent, which looms large against the backdrop of paying their own employees, mortgages and property taxes. That’s not to mention the need to respond to tenant emergencies and disruptions to the supply chain, which have impacted everything from cleaning supplies to appliances