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.

Health Care & Education

Vallone: Rutgers seeking COVID-positive patients for clinical trial

A longtime New Jersey developer is helping to recruit volunteers for a clinical trial at Rutgers University that is aimed at fighting the coronavirus pandemic.

Residential & Mixed Use

RPM enters final stretch of sales at Fort Monmouth housing site, offers ‘quick delivery’

RPM Development Group has sold more than two-thirds of the homes at an upscale residential project in Monmouth County, where it’s now offering virtual tours and expedited delivery.

Retail

Family business sells 3,600 sq. ft. retail building in Marlton

A fashion business has sold a distinctive retail building in the Marlton section of Evesham, under a newly announced transaction by Rose Commercial Real Estate.

Office

NKF inks sale of 207,000 sq. ft. Mack-Cali building in Fort Lee

Mack-Cali Realty Corp. has sold a 10-story office building near the entrance of the George Washington Bridge in Fort Lee, brokers with Newmark Knight Frank announced Monday.

Government & Public Policy

Murphy: Apartment renters can now use security deposit to help with payments

Apartment tenants in New Jersey may now tap their security deposits to help pay rent during the COVID-19 crisis, under a newly signed executive order by Gov. Phil Murphy.

Retail

Camden County retail property trades for $32 million, C&W says

A joint venture has acquired a 151,000-square-foot shopping center in Camden County, under a newly completed transaction by Cushman & Wakefield.

Hospitality & Tourism

Caesars, VICI selling Bally’s Atlantic City for $25 million

Caesars Entertainment Corp. and VICI Properties Inc. have agreed to sell the Bally’s Atlantic City Hotel & Casino, further reducing Caesars’ footprint in the resort town.

Office

Mortgage firm relocates, takes 2,500 sq. ft. in Cherry Hill

A mortgage company has leased 2,500 square feet at a Cherry Hill office building, under a newly announced transaction by Vantage Real Estate Services.

Industrial

Industrial sector could bounce back quickly — and stronger — after short-term hit from COVID

Industrial developers and companies seeking logistics space are unlikely to face lasting damage from the coronavirus pandemic, experts say, but the market is still poised for major changes amid disruptions to supply chains and consumer spending habits.

Mack-Cali details rent collections, construction activity during pandemic

Rent collections for Mack-Cali Realty Corp.’s office and residential holdings have held strong thus far, as the company works with tenants to navigate the COVID-19 economic crisis.