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.

Hospitality & Tourism
HFF: West Orange buys country club property for $11.1 million

The township of West Orange has acquired a nearly 138-acre golf course property within its borders, under an $11.1 million transaction arranged by HFF.

Deals
NAI Hanson inks sale of Fairfield redevelopment site

The new owner of a two-acre redevelopment site in Fairfield is slated to build a medical facility on the parcel, following a sale arranged by NAI James E. Hanson.

Residential & Mixed Use
Investor closes $1.3 million multifamily deal in Orange

A local real estate investment and development firm has expanded its holdings in Orange, acquiring a 12-unit multifamily property for $1.32 million.

Office
Cherry Hill: Law firm acquires 10,700-square-foot office building

A law practice has acquired a nearly 10,700-square-foot office building in Cherry Hill, under a newly completed transaction by Rose Commercial Real Estate.

Retail
Newmark Associates adds longtime broker to lead new retail division

A veteran broker has joined Newmark Associates to lead the firm’s newly formed retail practice.

Industrial
Brooklyn investor acquires 117,000 sq. ft. industrial building in Middlesex

An investment group has acquired a 117,000-square-foot industrial building in Middlesex Borough, under a newly announced transaction by Bussel Realty Corp.

Office
Bidders wanted for Atlantic County office building, Colliers says

An office building near the Atlantic City International Airport is headed to auction, brokers said, offering a combination of value-add potential and cash flow from existing tenants.

Retail
Longtime furniture store site changes hands in Paramus

The longtime home of a furniture store in Paramus has changed hands to a new operator, following a sale arranged by The Goldstein Group.

Residential & Mixed Use
Business group honors Maplewood rental project for design, local impact

One of the state’s largest trade groups has recognized a boutique rental project in downtown Maplewood for its design and its impact on economic development.

Policy Page
Earth Day 2019 Rx: Focus on recycling

April 22 is Earth Day, always a great time to reflect on what we as citizens can do to make the planet a little greener: reducing waste, conserving energy, reusing or donating products and recycling.