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.

Sponsored Content
Changes coming to long-term tax exemption statute

Several bills affecting the long-term tax exemption statute are slowly making their way through the New Jersey Legislature. While each bill addresses different provisions of the statute, the common theme among them is one of restrictiveness.

Residential & Mixed Use
Joint venture unveils 424-unit rental project in western Hoboken (SLIDESHOW)

A development group has opened the doors to its newest project in Hoboken, a 424-unit luxury apartment building on the city’s emerging west side.

Health Care & Education
JLL: Atlantic Health adds 92,000 sq. ft. ‘health pavilion’ in Rockaway for $26 million

Atlantic Health System has acquired a 92,326-square-foot property in Rockaway for nearly $26 million, becoming an owner-occupier at a site that already houses many of its medical services.

Office
PT practice acquires Bergen County building for its third location, NAI Hanson says

A physical therapy practice is expanding with its purchase of a 5,245-square-foot office building in Bergenfield, in a newly announced transaction by NAI James E. Hanson.

Retail
Wine lounge inks 2,600 sq. ft. lease at Maple Shade shopping center

A high-end wine lounge is taking 2,600 square feet at a Burlington County shopping center, under a newly completed transaction by Vantage Real Estate Services.

Professional Services
Hollister files for Chapter 11 bankruptcy protection, seeks to reorganize

Hollister Construction Services has filed for Chapter 11 bankruptcy protection as part of a plan to continue operations as it reorganizes its business, the firm announced Wednesday.

Office
Silverman sells boutique office building in Summit, C&W says

The Silverman Group has sold a fully leased, 42,000-square-foot office building in Summit, brokers with Cushman & Wakefield announced Wednesday.

Industrial
Sanzari, trimmings designer ink 21,000 sq. ft. lease in South Hackensack

A maker of trimmings for garments and other products has leased more than 21,000 square feet at a South Hackensack industrial building, Alfred Sanzari Enterprises said Wednesday.

Government & Public Policy
CBRE: Social services agency inks nine-building, $8.27 million portfolio sale

A nonprofit children’s services agency has sold nine properties totaling nearly 82,000 square feet, under a series of newly completed transactions by CBRE.

Industrial
New Brunswick industrial building trades for $1.675 million

Bussel Realty Corp. has completed the sale of a 22,500-square-foot industrial property in New Brunswick, the brokerage firm announced Wednesday.