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
PIRHL, HMFA kick off 86-unit affordable housing project in Somerset County

A development team has broken ground on a residential project that will bring 86 affordable apartments to families in Somerset County.

Government & Public Policy
NJAA members, lawmakers brave Nor’easter for annual PAC reception (SLIDESHOW)

Last week’s “bomb cyclone” Nor’easter was no match for an annual event hosted by the New Jersey Apartment Association, which drew some three dozen lawmakers and more than 150 attendees despite torrential rain and bruising winds.

Retail
NKF tapped to market retail space at new Rutherford apartment building

The developer of a new boutique apartment building in Rutherford has tapped Newmark Knight Frank as its leasing agent for the property’s ground-floor retail space.

Industrial
NAI Hanson closes sale of Bergen County industrial lot

A business has acquired a nearly half-acre industrial lot in Bergenfield as part of an expansion from nearby Rockland County, New York, brokers with NAI James E. Hanson said.

Office
Grocery co-op inks headquarters move to Old Bridge from Staten Island

A supermarket co-op is moving its headquarters to New Jersey from Staten Island, one of three companies is relocating operations from New York City to an Old Bridge office building.

Residential & Mixed Use
Gebroe-Hammer inks sale of 3,600 units in Q3

Gebroe-Hammer Associates is touting the sale of nearly 3,600 apartments during the third quarter, having inked 28 transactions with a combined value of more than $560 million.

Industrial
BRC bolsters brokerage team with ex-trucking executive

Bussel Realty Corp. has added to one of its top brokerage teams with the hiring of a new sales associate.

Residential & Mixed Use
C&W inks sale of Morristown luxury apartment complex

An investment group has acquired a well-known, 217-unit luxury apartment complex adjacent to the downtown Morristown train station, brokers with Cushman & Wakefield said Monday.

Office
Tech firm unveils 30,000 sq. ft. headquarters in Englewood Cliffs

A fast-growing technology firm has opened the doors to its new 30,000-square-foot headquarters in Englewood Cliffs.

Office
KBS: Tenants lease 103,000 sq. ft. at Woodbridge office complex

Over a dozen tenants have combined to lease more than 100,000 square feet at a six-building, 629,000-square-foot office complex in Woodbridge, executives with KBS announced.