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.

Residential & Mixed Use
Gebroe-Hammer honors broker in $75 million, 487-unit portfolio sale

A broker with Gebroe-Hammer Associates has won a top honor from the firm in connection with last year’s $75 million sale of a 487-unit, 18-building portfolio in Hudson and Bergen counties.

Office
SJP acquires, details plan to transform Woodbridge office building

SJP Properties has acquired a 270,000-square-foot office building in Woodbridge, where it’s now planning an extensive renovation aimed at creating an environment for high-end tenants.

Government & Public Policy
Final phase of Camden redevelopment project underway, HMFA says

The Michaels Organization has broken ground on 58 apartments in Camden, the final piece of a project to redevelop a former public housing complex in partnership with state officials.

Office
Blau & Berg inks sale of 1,000 sq. ft. Montclair office property

An investor has acquired a 1,000-square-foot office building in Montclair, in a newly announced transaction by The Blau & Berg Co.

Residential & Mixed Use
Zamir Group breaks $100 million in 2019 sales volume, touting NJMLS milestone

A team with Keller Williams Town Life is celebrating its recent banner year, having completed more than $106 million in sales volume across nearly 200 transactions in 2019.

Industrial
Pennsauken industrial building, storage lot sell for $1 million

A trucking and logistics firm has acquired more than 4,000 square feet of industrial space and three adjacent acres in Pennsauken, in a transaction arranged by Markeim Chalmers Inc.

Residential & Mixed Use
Jersey City condo tower starts strong in 2020, recording 21 contracts

After a robust end to 2019, the developer of a luxury condominium tower along the Hudson waterfront has carried that momentum into the new year.

Retail
Lee & Associates inks sale of bank ground lease, office building in Chatham

An investor has paid $4.1 million to acquire a TD Bank ground lease in downtown Chatham, in one of several newly completed transactions by Lee & Associates New Jersey.

People
Team Resources broker promoted, named vice president

Team Resources Inc. has announced a promotion within its brokerage team.

Professional Services
NAI Mertz hires veteran business executive as sales associate

NAI Mertz has added a new broker to its Mount Laurel-based team, one who will focus on retail, medical and office space listings.