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
Colliers International to acquire Red Bank-based Maser Consulting

Colliers International has agreed to acquire a controlling interest in Maser Consulting P.A., a Red Bank-based engineering and consulting design firm, in a bid to expand its line of services for clients in commercial real estate and other sectors.

Government & Public Policy
East Brunswick, developer uniting around common goal — transforming Route 18

A new public-private alliance has emerged in East Brunswick, where local leaders and a development team have united to revive a stretch of blighted retail property on Route 18.

Residential & Mixed Use
Newmark: Buyer of 14,000 sq. ft. Rahway property eyes new retail, apartments

An investor has acquired a mixed-use building in Rahway’s growing arts district, where it’s now weighing plans for new commercial space and residential units.

Office
Morris County chamber renews lease at Florham Park headquarters, CBRE says

The Morris County Chamber of Commerce has renewed its nearly 4,500-square-foot lease at a Florham Park office building, under a newly announced transaction by CBRE.

Office
Treatment center inks 4,400 sq. ft. office lease in Cherry Hill

A treatment center is taking nearly 4,500 square feet at a Cherry Hill office building, in a newly completed transaction by Wolf Commercial Real Estate.

Government & Public Policy
Newark city council votes to advance land banking bill

Local officials in Newark are one step closer to launching a land banking program that would allow it to acquire and assemble blighted properties for redevelopment or restoration.

Professional Services
CSG adds veteran alcoholic beverage control regulator, eyeing new retail trends

Chiesa Shahinian & Giantomasi PC has bolstered its commercial real estate team with the hiring of a longtime regulator with the state’s Division of Alcoholic Beverage Control.

Professional Services
EWMA plans new headquarters in Parsippany

Environmental consulting firm EWMA is relocating its headquarters within Parsippany, its longtime home, as it looks to the future of the business and its workforce.

Industrial
Lee & Associates: Sitex adds 25,000 sq. ft. industrial building in Englewood

Sitex Group has added to its northern New Jersey portfolio with the purchase of a 25,000-square-foot industrial property in Englewood, brokers with Lee & Associates announced.

Office
Sanzari touts renewals, expansion at Hackensack office complex

Alfred Sanzari Enterprises has signed lease renewals with five law firms at its well-known, three-building office complex in Hackensack’s government district.