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.

Government & Public Policy
Developer of Newark’s Teachers Village launches Opportunity Zone fund

RBH Group, the developer of the heralded Teachers Village project in Newark, is hoping to build on that success with a new investment fund under the federal Opportunity Zone program.

Industrial
BRC: Rahway warehouse fetches $19.8 million

A buyer has paid nearly $20 million for a 256,000-square-foot industrial facility in Rahway, in a newly announced transaction by Bussel Realty Corp.

Retail
Hemp products retailer inks first brick-and-mortar location, NAI Hanson says

A seller of pharmaceutical-grade hemp products is set to open a store just north of Bergen County, its first brick-and-mortar location, under a 1,200-square-foot lease arranged by NAI James E. Hanson.

Office
Sanzari opens leasing office at flagship Glenpointe campus

Alfred Sanzari Enterprises has opened a new leasing office in Teaneck as part of its marketing effort for more than 650,000 square feet of office space at the Glenpointe complex.

Professional Services
Savills drops ‘Studley’ from name as part of U.S. rebrand, global focus

Tenant advisory firm Savills Studley is dropping the second half of its name as part of a new rebranding campaign — one that includes commercials during the upcoming NCAA men’s basketball tournament.

Top News
JLL to acquire HFF for $2 billion

Real estate services giant JLL has agreed to acquire HFF for roughly $2 billion, greatly bolstering its platform with one of the industry’s leading capital markets firms.

Office
Mack-Cali rejects $2.4 billion offer for office holdings, faces attempted board takeover

Mack-Cali Realty Corp. has turned down an offer of more than $2.4 billion for its top waterfront and suburban office buildings, citing a “grossly inadequate” valuation from a group that is now moving to gain a majority position on its board.

Office
Colliers tapped as leasing agent for Newark office tower

The owner of a prominent, 22-story office building in downtown Newark has named Colliers International as its leasing agent.

Events
NAIOP reveals deal of the year finalists for upcoming gala

NAIOP New Jersey has announced the finalists for its coveted Deal of the Year awards, highlighting six of the state’s most impactful projects and transactions of 2018.

Retail
Goldstein Group inks new Sherwin Williams store in Bernardsville

A new Sherwin Williams location has opened in Somerset County, following a newly announced transaction by The Goldstein Group.