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
REIT acquires Hoboken retail, rental portfolio, reportedly for $203 million

A joint venture has acquired a 39-building, mixed-use portfolio in Hoboken, brokers with Newmark Knight Frank announced, in a deal reportedly valued at more than $200 million.

Events
IOREBA postpones Developer Night to late April

IOREBA has tentatively rescheduled its popular Developer Night event to April 27.

Residential & Mixed Use
Hudson County rental portfolio trades for $65 million, Gebroe-Hammer says

A portfolio of 400 apartments across northern Hudson County has changed hands for $65 million, following a transaction arranged by Gebroe-Hammer Associates.

Industrial
NAI Hanson: Industrial tenants lease 87,000 sq. ft. in South Hackensack

The owner of a South Hackensack industrial building has inked three leases for a total of nearly 87,000 square feet, brokers with NAI James E. Hanson announced Tuesday.

Industrial
Seagis completes new leases in Linden, Carteret, BRC says

Three tenants have combined to lease more than 30,000 square feet of industrial space in Linden and Carteret, taking space at buildings owned by Seagis Property Group.

Professional Services
EWMA announces antimicrobial, antiviral mitigation service to fight spread of COVID-19

An environmental remediation and consulting firm is gearing up to handle the need for antimicrobial and antiviral mitigation in the wake of the COVID-19 pandemic.

Residential & Mixed Use
Ironstate, Brookfield launch leasing at 309-unit rental project in Jersey City (SLIDESHOW)

A development group is set to unveil more than 300 new apartments in the emerging Bergen-Lafayette section of Jersey City.

Office
JLL: Office owner expands in Parsippany, acquires 550,000 sq. ft. complex

An investment group has acquired a two-building, 550,000-square-foot office complex in Parsippany, adding to its footprint after having revitalized an adjacent property.

Office
JLL details $95 million sale of Jersey City building, now slated to become life sciences hub

Thor Equities Group is eyeing plans to reposition a historic building in Jersey City into research and laboratory space, following its recent acquisition of the nearly 340,000-square-foot property.

Residential & Mixed Use
Stockton, AC Devco proceeding with new Atlantic City residence hall

A development team is moving ahead with plans for a new Stockton University residence hall in Atlantic City, the next phase of a major redevelopment in a key section of the resort town.