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

HFF marketing 144-unit rental complex in Somerset County

The owner of a three-building, 144-unit apartment complex in Somerset County is seeking a buyer for the market-rate property.

Office

Silverman eyes 110,000 sq. ft. office project above Morristown retail

A developer is planning more than 100,000 square feet of new office space in downtown Morristown, seeking to use the air rights above a set of existing retail properties.

Residential & Mixed Use

Developer unveils new renderings of 79-story condo tower in Jersey City

The developer of a 79-story luxury condominium tower in Jersey City is offering a new glimpse of what will soon become the state’s tallest residential building.

Industrial

BRC: Contractor closes on 4,500 sq. ft. industrial building in Englishtown

A construction firm has acquired a nearly 4,500-square-foot industrial building in Englishtown, under a newly announced transaction by Bussel Realty Corp.

Industrial

NAI Hanson named leasing agent at new-look, 807,000 sq. ft. industrial complex in Newark

An investment group has hired NAI James E. Hanson as its leasing agent for more than 800,000 square feet of Newark industrial space, following the launch of a multimillion-dollar improvement project aimed at modernizing the well-known complex.

Health Care & Education

New Brunswick: RWJBarnabas, Rutgers join Devco to announce $750 million cancer pavilion

The state’s largest health system and Rutgers University have unveiled plans for a sweeping project in downtown New Brunswick — a $750 million, state-of-the-art cancer pavilion alongside one of New Jersey’s top-rated hospitals.

Policy Page

Improved transit is key to New Jersey’s future

Legislation was enacted last November that requires NJ Transit to establish an office of real estate economic development and transit-oriented development to assess all its properties and annually recommend how best to increase NJT’s non-fare revenues. The goal is to enable NJT to have more funds to invest in its operations, maintenance and capital projects in order to improve performance for bus, rail and light rail passengers.