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
Hitting home: Professionalism, advocacy are long-held values for NJAA president

With six months to go as president of the New Jersey Apartment Association, industry veteran Steve Waters says he will continue his focus on both education and government affairs — supporting a membership that comprises more than 210,000 units statewide.

Policy Page
Industrial’s surge brings opportunity — and the need for critical growth strategies

Industrial real estate is still surging as commercial real estate’s hottest property type, and that’s no more evident than right here in New Jersey, providing a chance to showcase the innovation and creativity that’s taking place in the industry.

Residential & Mixed Use
South Jersey rental portfolio sells for $5.7 million, Marcus says

Three garden apartment complexes with a combined 95 units have changed hands in southern New Jersey, in a nearly $5.7 million transaction arranged by Marcus & Millichap.

Office
Growing PT practice takes 6,100 sq. ft. in Cherry Hill

A physical therapy practice is set to expand after leasing more than 6,000 square feet of office space in Cherry Hill, brokers with Wolf Commercial Real Estate said Friday.

Retail
JLL inks $30 million sale of 962,000 sq. ft. mall complex

A brokerage team based in JLL’s Morristown office has arranged the sale of a nearly 1 million-square-foot, super-regional mall outside Buffalo, New York.

Industrial
Rental rates surging, reaching new heights in N.J. industrial market, researchers say

Landlords and developers are still reaping the rewards of New Jersey’s tight industrial market, where rents continue to rise well above average asking rates.

Retail
C&W: Fitness, tutoring chains ink new locations in Short Hills

A boutique fitness chain and a tutoring business have leased a combined 4,800 square feet in Short Hills, under a set of newly completed transactions by Cushman & Wakefield.

Retail
NAI Hanson: Antique retailer expands, acquires 6,000 sq. ft. property in Hampton Twp.

The owners of a home furnishings and antiques business have acquired a 6,000-square-foot retail building in Hunterdon County, with plans to use the property as a second location.

Retail
Monmouth retail center sells for $4.9 million, Marcus says

A private investor has sold a retail property in Monmouth County for nearly $5 million, brokers with Marcus & Millichap announced Thursday.

Finance & Capital Markets
CBRE inks $57 million refinance for Essex, Hudson portfolio

The owner of a 13-property residential and mixed-use portfolio in Essex and Hudson counties has refinanced the properties for $57 million, brokers with CBRE announced Wednesday.