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
Value Cos. launches virtual leasing, financial relief for residents during pandemic

Value Cos. has taken steps across its portfolio of apartment buildings to help ease residents’ concerns and ensure safety and social distancing during the coronavirus pandemic.

Industrial
JLL inks $11.2 million industrial sale in Connecticut

A team of Morristown-based brokers with JLL has completed the sale of a nearly 112,000-square-foot light industrial building just outside Hartford, Connecticut.

Industrial
Bridge, beverage company ink 420,000 sq. ft. lease at Warren County industrial park

Bridge Development Partners has lured a second tenant to its new logistics park in Warren County, inking a nearly 420,000-square-foot lease with a well-known beverage company.

Office
Joint venture sells Merrill Lynch office campus in Hopewell for $95 million

An investment group has reaped $95 million from the sale of a well-known, three-building office campus in Hopewell that is fully occupied by Merrill Lynch.

Professional Services
Sax inks joint venture agreement to enhance tech platform

Sax LLP has entered into a joint venture agreement with a technology company, as it looks to bolster its own capabilities while enhancing services for clients.

Residential & Mixed Use
Pennrose offers 10 weeks’ free rent at New Brunswick apartment tower

A developer is offering up to 10 weeks of free rent at a new luxury apartment building in New Brunswick, seeking to ease the concerns of would-be tenants during the COVID-19 crisis.

Residential & Mixed Use
FirstService unveils virtual lifestyle content, programming for residents during pandemic

FirstService Residential has launched a new virtual lifestyle platform for thousands of properties in its portfolio, seeking to provide content options during the coronavirus pandemic.

Top News
Developers, municipalities prepare for virtual entitlement process amid health crisis

By Joshua Burd As the real estate industry prepares for life in the wake of COVID-19, the new normal — at least in the near term — will include the likes of virtual planning and zoning board hearings. New Jersey…

Government & Public Policy
Murphy gives towns option to extend May property tax deadline

Municipalities in New Jersey may now extend by one month the grace period for quarterly property tax payments that are due on May 1, Gov. Phil Murphy announced Tuesday.

Office
Merck moving headquarters back to Rahway, reportedly selling Kenilworth site

Merck & Co. is leaving its Kenilworth headquarters and returning its front office to Rahway, in a move that is slated to take place by the end of 2023.