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
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.

Office
Bank sells, leases back space at 48,000 sq. ft. building in West Orange

A bank has sold and leased back part of a 48,000-square-foot office and medical building in West Orange, in a transaction arranged by The Kislak Co. Inc.

Retail
R.J. Brunelli: Jersey Strong, Dollar Tree expanding in central and south Jersey

A fitness chain has leased more than 25,000 square feet at a Mercer County retail center, in the largest of several newly announced deals by R.J. Brunelli & Co. LLC.

Retail
T-Mobile inks four new locations in North Jersey, Goldstein Group says

T-Mobile has leased more than 6,600 square feet across four new locations in northern New Jersey, under a series of newly completed deals by The Goldstein Group.

Features
Brokers turn to video walkthroughs for North Jersey commercial buildings (VIDEO)

The coronavirus pandemic has done more than present a major health crisis to the American people — it poses a major threat to commercial real estate and the economy at large.

Residential & Mixed Use
Meal delivery business opening first retail location at Jersey City rental tower

A prepared meal delivery service is opening its first retail location, taking space at a new Jersey City apartment tower built by Kushner Real Estate Group and Ironstate Development Co.