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.

Industrial
Rockefeller marks opening of five-building, 2.1 million sq. ft. logistics park in Piscataway

Rockefeller Group is hailing the lease-up and completion of a 2.1 million-square-foot industrial park in Piscataway, marking the successful redevelopment of a former manufacturing site.

Residential & Mixed Use
Kislak inks $9 million apartment sale in Bergen County

An investor has acquired 40 residential units across two properties in Bergen County, under a nearly $9 million deal arranged by The Kislak Co. Inc.

Retail
R.J. Brunelli inks six new Dollar Tree locations among latest New Jersey deals

Dollar Tree is continuing its expansion in New Jersey with six additional locations, under a series of newly announced transactions by R.J. Brunelli & Co. LLC.

Government & Public Policy
Pennrose, local officials unveil affordable, special needs housing in Woodbridge

Pennrose has opened the doors to a new 100-unit affordable and supportive housing complex in Woodbridge, following a four-year redevelopment effort in partnership with the township.

Industrial
Russo, Forsgate break ground on massive Meadowlands logistics park

Two of New Jersey’s best-known multigenerational development firms have broken ground on a long-awaited project in the heart of the Meadowlands, one that will bring more than 3 million square feet of high-end industrial space to a site that is five miles from the Lincoln Tunnel.

Residential & Mixed Use
PIRHL, HMFA kick off 86-unit affordable housing project in Somerset County

A development team has broken ground on a residential project that will bring 86 affordable apartments to families in Somerset County.

Government & Public Policy
NJAA members, lawmakers brave Nor’easter for annual PAC reception (SLIDESHOW)

Last week’s “bomb cyclone” Nor’easter was no match for an annual event hosted by the New Jersey Apartment Association, which drew some three dozen lawmakers and more than 150 attendees despite torrential rain and bruising winds.

Retail
NKF tapped to market retail space at new Rutherford apartment building

The developer of a new boutique apartment building in Rutherford has tapped Newmark Knight Frank as its leasing agent for the property’s ground-floor retail space.

Industrial
NAI Hanson closes sale of Bergen County industrial lot

A business has acquired a nearly half-acre industrial lot in Bergenfield as part of an expansion from nearby Rockland County, New York, brokers with NAI James E. Hanson said.

Office
Grocery co-op inks headquarters move to Old Bridge from Staten Island

A supermarket co-op is moving its headquarters to New Jersey from Staten Island, one of three companies is relocating operations from New York City to an Old Bridge office building.