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.

Professional Services
Hollister files for Chapter 11 bankruptcy protection, seeks to reorganize

Hollister Construction Services has filed for Chapter 11 bankruptcy protection as part of a plan to continue operations as it reorganizes its business, the firm announced Wednesday.

Office
Silverman sells boutique office building in Summit, C&W says

The Silverman Group has sold a fully leased, 42,000-square-foot office building in Summit, brokers with Cushman & Wakefield announced Wednesday.

Industrial
Sanzari, trimmings designer ink 21,000 sq. ft. lease in South Hackensack

A maker of trimmings for garments and other products has leased more than 21,000 square feet at a South Hackensack industrial building, Alfred Sanzari Enterprises said Wednesday.

Government & Public Policy
CBRE: Social services agency inks nine-building, $8.27 million portfolio sale

A nonprofit children’s services agency has sold nine properties totaling nearly 82,000 square feet, under a series of newly completed transactions by CBRE.

Industrial
New Brunswick industrial building trades for $1.675 million

Bussel Realty Corp. has completed the sale of a 22,500-square-foot industrial property in New Brunswick, the brokerage firm announced Wednesday.

Office
Vision details lobby upgrades, overhaul at Parsippany office building (SLIDESHOW)

Vision Real Estate Partners has unveiled its newly redesigned lobby and other upgrades as part of its plan to overhaul a 225,550-square-foot office building in Parsippany.

Industrial
CBRE: Investment firm diversifies, acquires 207,000 sq. ft. warehouse in Northvale

A longtime multifamily investor is expanding into the industrial space, acquiring a 207,000-square-foot warehouse property in Northvale for nearly $18 million.

Professional Services
NAI Hanson hires associates in industrial, corporate services

NAI James E. Hanson has announced two new hires at its Teterboro headquarters.

Professional Services
Bertone Piccini announces two new partners with real estate ties

Boutique law firm Bertone Piccini LLP has named two new partners whose practice areas include commercial real estate and related fields.

Sponsored Content
Prepping Real Estate Firms for an Economic Downturn

Some experts say there is a good chance an economic downturn or recession will happen within the next two years, making it logical to begin bolstering protections. What steps can real estate professionals take now that will help them get through a recession and come out the other end even stronger?