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
Sanzari touts employee’s 35th anniversary with firm

Alfred Sanzari Enterprises is marking a key employee’s 35th anniversary with the firm.

Industrial
JLL: New Jersey industrial demand starts strong in Q1, faces new test from COVID-19

Industrial leasing stayed strong in New Jersey ahead of the COVID-19 outbreak, as experts now wait to determine the long-term impact of the pandemic on the state’s surging market for warehouse and distribution space.

Industrial
Self-storage, industrial building in West Caldwell trades for $19 million

A private investor has sold a mixed-use property in West Caldwell for more than $19 million, under a newly announced transaction by Marcus & Millichap.

Retail
Hampshire lists retail, self-storage REIT on Singapore exchange

The Hampshire Cos. has announced the listing of a real estate investment trust on the Singapore Exchange, with a portfolio that spans 3.2 million square feet of retail and self-storage space.

Residential & Mixed Use
Gebroe-Hammer inks sale of 1,600 units in Q1, with a combined value of $316 million

Gebroe-Hammer Associates completed more than $300 million in first-quarter apartment sales in the region, the firm announced, while expressing optimism about the multifamily sector’s long-term health after it weathers the coronavirus pandemic.

Government & Public Policy
NJAA lauds rental assistance bill, but presses for long-term solution

State lawmakers on Monday are slated to consider a rental assistance bill that could help soften the blow to apartment owners during the COVID-19 crisis, but industry leaders say they need help from the federal government to weather the storm over the long haul.

Government & Public Policy
NJBA expresses ‘100 percent’ support for new COVID-19 construction rules

The New Jersey Builders Association expressed full support for Gov. Phil Murphy’s latest step to slow the spread of COVID-19, even if it meant new limitations for projects that had been exempted under earlier directives.

Residential & Mixed Use
LanTree touts leasing momentum, virtual platform at 70-unit Bayonne project

A developer is off to a fast start at a new 70-unit apartment building in Bayonne, where it’s now relying on virtual tours in order to maintain social distancing for staff and prospective renters.

Office
Dermatologist inks 5,200 sq. ft. lease in Haddon Heights, WCRE says

A dermatology practice has taken more than 5,000 square feet of medical office space in Haddon Heights, under a newly announced transaction by Wolf Commercial Real Estate.

Industrial
Colliers: Amazon continues swift expansion in New Jersey, leading the way in Q1

Amazon continued its rapid expansion in New Jersey in the first quarter, accounting for three of the top five industrial leases in northern and central New Jersey to start the year.