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
Developers, officials debut $48 million Camden apartment building

A development group has completed a new 156-unit apartment building on the Camden waterfront, delivering the city’s first new market-rate rentals in more than a decade.

Residential & Mixed Use
South Jersey apartment portfolio trades for $24.5 million

The owner of a 326-unit multifamily portfolio in southern New Jersey has sold the property for $24.5 million, under a transaction announced Monday by The Kislak Co. Inc.

Retail
Big Lots expanding to 55,000 sq. ft. in Burlington County, Jeffery says

A discount retailer is nearly doubling its footprint at a Burlington County shopping center, in the largest of several newly announced deals by Jeffery Realty.

Features
In Red Bank, Denholtz finds a new home and new opportunities

The convenience was hard to beat at Denholtz Properties’ longtime headquarters in Matawan, a three-story office building that sits directly off the Garden State Parkway. But the firm’s new office in Red Bank has much more to offer.

Events
March of Dimes honors Johnson, raises $375,000 (SLIDESHOW)

More than 200 members of New Jersey’s commercial real estate sector turned out to honor Christopher Johnson of Hollister Construction Services, raising more than $375,000 for an annual event hosted by the March of Dimes North Central New Jersey.

Guest Columns
The next chapter in affordable housing in New Jersey

Since 2015, more than 280 towns in New Jersey have signed settlement agreements for their affordable housing obligations, while a judge has determined the statewide need to be about 155,000 units and experts project that about 50,000 of those will be created by 2025. Frankly, the court process is way too far down the road to try and move it back to the Council on Affordable Housing or another state agency. But that is not to say there are not some issues worth discussing as we move forward.

Office
Paramount debuts new 12,000 sq. ft. headquarters in downtown Newark

Paramount Assets has moved its headquarters to downtown Newark, as it continues to build its pipeline of redevelopment and historic rehabilitation projects in the city.

Health Care & Education
Atlantic County nursing home sold as part of three-building portfolio, Marcus says

A developer has sold three nursing home facilities in the region, including one in Atlantic County, under a set of transactions brokered by Marcus & Millichap.

Retail
WCRE: JP Morgan acquires redevelopment site, plans new branch in Marlton

JP Morgan Chase Bank is planning a new branch in Marlton, brokers said, following the lender’s acquisition of a former convenience store and gas station property on Route 70.

Industrial
Developers, brokers launch 4.1 million sq. ft. logistics center project in Linden

A joint venture has kicked off what it says will be the largest active industrial project near the Port of New York and New Jersey, breaking ground on a 4.1 million-square-foot logistics park at a long-vacant site in Linden.