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
NKF touts $152 million sale of Bridgewater life sciences campus

A joint venture has reaped more than $150 million from the sale of a high-profile life sciences campus in Bridgewater, under a recent transaction by Newmark Knight Frank.

Residential & Mixed Use
Plainsboro apartment complex trades for $145 million

An investment group has sold a 704-unit garden apartment complex in Plainsboro for $145 million, marking the latest high-profile trade of a large multifamily asset in the township.

Office
JLL: Transit hub submarkets stay on track with rent growth, tenant demand

Office markets around New Jersey’s transit hubs are still outshining their suburban counterparts, with a widening gap in asking rents and continued interest from major tenants.

Top News
Russo launches construction on third Kearny residential project

Russo Development has embarked on its third residential property in Kearny, hailing the start of a 268-unit project at the former site of baseball bat factory.

Residential & Mixed Use
Boutique rental building opens in downtown Rutherford (SLIDESHOW)

A developer is hailing the opening of a new 52-unit luxury apartment building in downtown Rutherford.

Industrial
Mertz inks sale of 80,000 sq. ft. industrial building in Logan

An investor has acquired an 80,300-square-foot light industrial building in Logan Township, under a newly completed transaction by NAI Mertz.

Office
Chilmark touts new office leases in Morris, Union counties

A consulting firm has leased 7,000 square feet at a Florham Park office building, in one of several newly announced transactions by Chilmark Real Estate Services LLC.

Residential & Mixed Use
CBRE: Investment group inks $75 million apartment sale in Bergen County

An investment group has reaped more than $75 million from the sale of two garden apartment complexes in Bergen County, brokers with CBRE announced Wednesday.

Industrial
Investor adds 41,000 sq. ft. industrial asset in Bergen County, JLL says

A private investor has acquired a nearly 41,000-square-foot light industrial building in Oakland, brokers with JLL announced Tuesday.

Residential & Mixed Use
Developer unveils 212-unit luxury rental project in Plainfield (SLIDESHOW)

JMF Properties is taking the wraps off its new 212-unit luxury rental community in Plainfield, one of the latest projects to come to the rapidly changing city.