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.

Retail
Voorhees shopping center adds Napa-inspired food store

A prepared foods store has signed a new long-term lease to join a Voorhees shopping center, in a newly completed transaction by Vantage Real Estate Services.

Retail
Remco inks $1 million sale of Eatontown retail property

A Florida-based investment group has purchased an 8,000-square-foot retail property in Eatontown for $1 million, in a newly completed transaction by Remco Realty.

Office
Bank commits to 200,000 sq. ft. lease at Onyx, PCCP office building in Morris County

A financial services firm has completed a lease for 200,000 square feet near downtown Morristown, where a joint venture is transforming a vacant former AT&T office complex.

People
Onyx touts new hires, including senior staff members, to support growing portfolio

Onyx Equities LLC has announced several new hires in finance, development and construction management as it continues an aggressive expansion and diversification of its portfolio.

Residential & Mixed Use
Bayonne developer unveils 90-unit, loft-style project (SLIDESHOW)

A developer has debuted 90 loft-style apartments in Bayonne, marking the latest building to open in the city’s growing luxury residential pipeline.

Office
NKF touts $152 million sale of Bridgewater life sciences campus

A joint venture has reaped more than $150 million from the sale of a high-profile life sciences campus in Bridgewater, under a recent transaction by Newmark Knight Frank.

Residential & Mixed Use
Plainsboro apartment complex trades for $145 million

An investment group has sold a 704-unit garden apartment complex in Plainsboro for $145 million, marking the latest high-profile trade of a large multifamily asset in the township.

Office
JLL: Transit hub submarkets stay on track with rent growth, tenant demand

Office markets around New Jersey’s transit hubs are still outshining their suburban counterparts, with a widening gap in asking rents and continued interest from major tenants.

Top News
Russo launches construction on third Kearny residential project

Russo Development has embarked on its third residential property in Kearny, hailing the start of a 268-unit project at the former site of baseball bat factory.

Residential & Mixed Use
Boutique rental building opens in downtown Rutherford (SLIDESHOW)

A developer is hailing the opening of a new 52-unit luxury apartment building in downtown Rutherford.