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
Bergen County apartment building fetches $3.6 million, Marcus says

A private investor has acquired a 20-unit apartment building in Bergen County for more than $3.6 million, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
KRE Group, Northwestern Mutual break ground on 507-unit tower in Jersey City

A joint venture has broken ground on a 38-story tower that will add more than 500 new luxury apartments to downtown Jersey City.

Office
Normandy sells operating platform, fund interests to Columbia Property Trust

The leaders of Normandy Real Estate Partners have agreed to sell their operating platform and an interest in three funds to Columbia Property Trust, a New York-based real estate investment trust, in a $100 million transaction that is slated to close by year-end.

Office
NKF: Tech firms combine for 20,000 sq. ft. at Princeton-area building

The owner of a Princeton-area office building has inked three leases for a combined 20,000 square feet, brokers with Newmark Knight Frank announced Friday.

Health Care & Education
WCRE inks sale of Burlington City elementary school building

The Burlington City school district has sold a nearly 14,000-square-foot facility, in a transaction arranged by Wolf Commercial Real Estate.

Residential & Mixed Use
CBRE inks $11.3 million in Middlesex County apartment sales

Two apartment complexes in Middlesex County have changed hands for a combined $11.3 million, under a set of newly announced transactions by CBRE.

Office
NKF touts 80,000 sq. ft. in leasing at Warren office building

A soon-to-be-upgraded, 103,000-square-foot office building in Warren is more than 75 percent leased with the completion of two recent transactions by Newmark Knight Frank.

Retail
LMC: Burlington coming to ex-Toys R Us space in Raritan

A new Burlington store is set to backfill a former Toys R Us and Babies R Us store in Somerset County, where the retailer has signed a lease for 46,000 square feet.

Office
Church acquires 2,300 sq. ft. office building in Hackensack, NAI Hanson says

A local congregation has acquired a single-story office building in Hackensack, with plans to relocate to the property from a neighboring town.

Industrial
Bridge adds Northeast operations director to lead property management

Bridge Development Partners has expanded its New Jersey and New York team with the hiring of a new director of operations for the Northeast.