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.

Office
SFA acquires 116,000 sq. ft. office, flex complex in Mount Laurel

An investment firm has made another addition to its South Jersey portfolio, acquiring a nearly 116,000-square-foot office and flex complex in Mount Laurel.

Residential & Mixed Use
Kislak: Bergen County rental portfolio fetches $15.7 million

An affiliate of Alfred Sanzari Enterprises has sold an 87-unit apartment portfolio in Bergen County for nearly $16 million, in a series of deals arranged by The Kislak Co. Inc.

People
SJP names new director of asset management amid growing third-party business

SJP Properties has hired a veteran property manager to support its growing line of construction services and other third-party offerings.

Office
Video firm moving from Hackensack, takes 10,000 sq. ft. in Rochelle Park

A video communications company is leasing 10,000 square feet of office space at a mixed-use building in Rochelle Park, brokers with JLL announced.

Residential & Mixed Use
Affordable apartments in Newark rehabbed with LIHTC tax credits

State and local officials cut a ceremonial ribbon Thursday to mark the major rehabilitation of a decades-old building with 200 apartments for working families in the city’s Central Ward.

Office
PT practice takes 5,400 sq. ft. for Paramus headquarters, NAI Hanson says

A physical therapy practice is relocating its headquarters in Paramus, inking a lease for nearly 5,400 square feet near the busy intersection of routes 4 and 17.

Professional Services
Diversity, mentorship are key ingredients in consulting firm’s growth

One of the state’s fastest-growing environmental consulting firms has embraced the increasing diversity in the field, a step that is critical to the company’s larger goal of attracting and developing talent at the top of its ranks.

Retail
Four new retailers opening at Bell Works

Four new retailers are planning to open stores at Bell Works, the sprawling mixed-use destination created by Somerset Development at the former Bell Laboratories in Holmdel.

Deals
NAI Hanson inks sale of Rochelle Park lot to landscaping business

A landscaping company has expanded its footprint with the acquisition of a 0.6-acre lot adjacent to its Rochelle Park headquarters, in a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
Miami apartment owner invests in 401-unit Newark high-rise

A high-rise apartment complex in Newark’s Forest Hill section has changed hands for $73 million, drawing a preferred equity investment from a Miami-based multifamily owner.