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.

People
Sigman to retire as LCOR executive vice president, principal at year-end

David A. Sigman, a longtime LCOR executive and a key figure in the developer’s growth in the New York metropolitan region in recent decades, is stepping down at year-end.

Industrial
BRC: Apparel company takes 52,000 sq. ft. in Linden industrial sublease

A clothing company has found a new home in Linden after agreeing to sublease 52,000 square feet of industrial space, brokers with Bussel Realty Corp. announced Thursday.

Office
Construction, marketing firms ink leases at West Orange office building, Sheldon Gross says

The owners of a West Orange office building have secured two new tenants with leases totaling nearly 4,500 square feet, in a set of transactions arranged by Sheldon Gross Realty.

Residential & Mixed Use
JLL tapped to sell 393-unit luxury apartment complex in downtown New Brunswick

A luxury apartment complex in New Brunswick is on the market for sale, providing a chance for would-be investors to plant a flag in the city’s fast-growing downtown.

Industrial
Stonemont, HB Warehousing detail plan for new 520,000 sq. ft. logistics project in Old Bridge

A joint venture is crafting plans to bring more than 520,000 square feet of new warehouse space to Old Bridge, in a project that would add to a growing industrial corridor off Route 9.

Professional Services
HBK’s Ribeira named firm-wide practice leader for real estate

HBK CPAs & Consultants has appointed Antonio J. Ribeira as practice leader for real estate across the entire organization.

Retail
LMC: Activate Games takes 15,000 sq. ft. at busy highway shopping center in Woodbridge

A gaming and entertainment concept is coming to St. Georges Crossing, the 343,000-square-foot shopping center in Woodbridge, under a newly announced deal by Levin Management Corp.

Community
Conference to honor developer Paul Silverman for support of public arts, community building

Longtime developer Paul Silverman will receive a top honor this fall in recognition of his firm’s dedication to the arts, public art and the inclusion of artists’ work in its projects.

Retail
Learning center, pharmacy coming to new Rosera Wesmont rental property in Wood-Ridge

JCMLiving has secured two retail tenants for a new 295-unit apartment building in Wood-Ridge, inking leases with a well-known education franchise and a pharmacy.

Residential & Mixed Use
Buyer wanted for new 148-unit luxury rental building in Jersey City, CBRE says

A developer is seeking a buyer for a new 148-unit luxury apartment building in the fast-growing Journal Square neighborhood in Jersey City, brokers with CBRE said Wednesday.