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.

Industrial
Logistics firm takes 19,000 sq. ft. at new-look building in Teterboro

A supply chain solutions firm has leased nearly 20,000 square feet in Teterboro, under a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
NBPAC project unveils newly named theaters, largest-ever gifts for playhouse

The New Brunswick Performing Arts Center, a $172 million mixed-use project rising in the city’s downtown, has added to its cachet with two newly announced naming gifts.

Events
USGBC NJ unveils LEED projects of the year, honorees for spring gala

A new corporate campus in Bergen County and two upscale, environmentally conscious condominium projects will be among the top honorees this year at an annual gala hosted by the U.S. Green Building Council’s New Jersey chapter.

Professional Services
Dresdner Robin touts design, construction services at Jersey City rental project

Consulting firm Dresdner Robin has completed a series of design and development services for a newly delivered, 163-unit luxury apartment project on Jersey City’s west side.

Retail
Developers complete 150,000 sq. ft. anchor store at Bayonne project

A joint venture has taken the wraps off a new 150,000-square-foot Costco Wholesale store in Bayonne, the anchor tenant for a mixed-use development near the city’s waterfront.

People
Petrucci announces promotion, names director of property management

By Joshua Burd J.G. Petrucci Co. Inc. has announced a promotion within its property management team. The Asbury-based developer said Wednesday that it elevated Joni Elekes to director of property management. In the new position, she will continue to be…

Government & Public Policy
Murphy renews call for state-supported venture capital fund

Gov. Phil Murphy hit the road on Wednesday to highlight a plan to draw more venture capital to New Jersey, a key piece of his proposal to replace the state’s expiring business incentives.

Residential & Mixed Use
C&W: Buyer wanted for new 24-unit rental property in Cedar Grove

A newly developed, 24-unit apartment property in Cedar Grove has hit the market for sale, brokers with Cushman & Wakefield announced Wednesday.

Government & Public Policy
Longtime EPA official joins Kearny Point team, with a focus on green initiatives

Hugo Neu Group has bolstered the team overseeing its landmark Kearny Point project, tapping a longtime federal official to oversee environmental initiatives at the 130-acre site.

Industrial
Liberty adds industrial buildings in Meadowlands, Edison for $52 million

Liberty Property Trust has expanded its industrial holdings in New Jersey, acquiring properties in the Meadowlands and Edison for a combined $51.8 million.