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
VAM: Developer sells 158-unit Belleville rental property in $56 million deal with family office

The developer of a newly built, 158-unit apartment building in Belleville has reaped $55.5 million from its sale of the property, in a deal arranged by Veerman Asset Management.

Residential & Mixed Use
Investor buys 194-unit Fort Lee rental property in deal arranged by BlueGate, JLL

A private investor has acquired a 194-unit luxury apartment building overlooking the Hudson River in Fort Lee, brokers with BlueGate Partners and JLL announced Wednesday.

Top News
Accordia hails first full year of expansion with key acquisitions, approvals

Accordia is marking a series of milestones as 2025 comes to a close — including nearly 1 million square feet of acquisitions, its expansion to the Southeast and the launch of a general partnership equity fund — after a high-profile move to revamp and expand the real estate firm.

Industrial
Hillwood breaks ground on 221,000 sq. ft. spec industrial project in Hamilton

Hillwood has started construction on what will be nearly 221,000 square feet of new industrial space in Hamilton, adding to the Dallas-based firm’s development pipeline in New Jersey.

Industrial
I-80 corridor shines as RRNNJ inks Warren, Morris industrial deals totaling 116,000 sq. ft.

An industrial user has leased more than 45,000 square feet in Hackettstown, in the largest of four new deals along Interstate 80 by Resource Realty of Northern New Jersey.

Retail
Food and beverage leases, building sale among latest New Jersey retail deals by NAIDB

A cookie shop has found its first New Jersey location after taking space at a Hamilton shopping center, in one of three newly announced retail deals by NAI DiLeo-Bram & Co.

Residential & Mixed Use
Six-unit Jersey City rental building trades for $1.025 million, Cervelli says

A private investor has purchased a six-unit apartment building in Jersey City for $1.025 million, according to a brokerage team with Cervelli Real Estate & Property Management.

Residential & Mixed Use
Panepinto closes deal for Harborside parcels in Jersey City, advancing long-awaited plan for 1,257-unit development

Veris Residential Inc. has sold a Jersey City development site to Panepinto Properties for $75 million, in a deal arranged by Cushman & Wakefield, marking a key step in a plan to develop two high-rises with a combined 1,257 apartments and new amenities for the area.

Finance & Capital Markets
CBRE: Owner of 320,000 sq. ft. Short Hills office campus refis for $58 million

Columbia Pacific Advisors has closed on $58 million in financing for a two-building, 320,000-square-foot office campus in the Short Hills section of Millburn.

Retail
Car wash, fitness concept ink leases at Gloucester County center, Goldstein Group says

The owner of a Gloucester County shopping center has filled two spaces with the additions of a car wash and a community-focused gym franchise, brokers with The Goldstein Group said.