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
New World Group earns prestigious NAHB awards for FIAT House branding, marketing

Creative agency New World Group has earned national recognition for its work on a distinctive new apartment building at the foot of the George Washington Bridge in Fort Lee.

Deals
NAI Hanson: Home theatre installer leases 1,800 sq. ft. showroom, office space in Budd Lake

A home theatre installer has taken 1,800 square feet of commercial space in the Budd Lake section of Mount Olive, in a newly announced deal by NAI James E. Hanson.

Special Report
Boiling over: Inside a developer’s seven-year saga in Mahwah — and the legal fight that’s now underway

The developers behind a long list of mixed-use, transit-oriented projects across the state have long hoped to bring that formula to Mahwah, touting the untapped potential of a tract at the township’s train station. Yet their attorneys say they’ve been stymied by years of stall tactics and legal obstructions by municipal officials, often without explanation or justification.

Office
Kenvue joins Murphy, other public officials to unveil 290,000 sq. ft. headquarters in Summit

Kenvue Inc. has taken the wraps off its new 290,000-square-foot global headquarters in Summit, with construction underway on a second facility as part of a revamped pharmaceutical campus.

Industrial
Deluccia: Sheet metal business sells 62,000 sq. ft. Somerset industrial building for $8.5 million

A sheet metal fabricator has sold a nearly 62,000-square-foot light industrial building in Franklin Township for $8.5 million, in a deal arranged by Deluccia Commercial Group.

Office
Accordia taps C&W as leasing, marketing team for 190,000 sq. ft. Fairfield office building

Accordia has selected Cushman & Wakefield as its leasing agent for the 190,000-square-foot Greenbrook Executive Center in Fairfield, the brokerage team announced.

Retail
JLL: Buyer sought for 146,000 sq. ft. grocery-anchored retail center in Orange County

A grocery-anchored shopping center in New York’s Orange County — some 30 miles north of the New Jersey border — is on the market for sale as part of a new offering by JLL.

Professional Services
Veteran real estate, land use lawyer Porro joins Brach Eichler as member

Brach Eichler LLC has welcomed Kenneth A. Porro as a member of its land use group based in the firm’s Roseland headquarters.

Residential & Mixed Use
Investor buys 57-unit Summit apartment complex for $21 million, Kislak says

A private investor has sold a 57-unit garden apartment complex in Summit for more than $21 million, in a newly announced deal by The Kislak Co. Inc.

Government & Public Policy
Rutgers real estate center leader Davis tapped as nation’s chief housing economist

Morris Davis, the longtime academic leader of the Rutgers Center for Real Estate, is joining the White House Council of Economic Advisers as the nation’s chief housing economist.