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
Sheldon Gross inks sale of Old Bridge warehouse

An auto dealer and transporter has purchased a 30,000-square-foot warehouse in Old Bridge, brokers with Sheldon Gross Realty said Thursday.

Office
Spine, pain practice takes 7,100 sq. ft. in Cherry Hill

A spine care and pain management practice is moving into more than 7,000 square feet of office space in Cherry Hill, following a lease arranged by Rose Commercial Real Estate.

Government & Public Policy
Experts: A changing, evolving EB-5 visa program could benefit New Jersey developers

Many market watchers say that New Jersey real estate has become increasingly attractive to investors from beyond the state. Some believe that trend could only grow under the next generation of the embattled EB-5 visa program.

Residential & Mixed Use
Hollister, RBH mark topping out for new Rutgers building in Newark

A new residential and academic building for nearly 400 Rutgers University students in Newark is on track to open this summer after topping out earlier this month.

Office
Bergman has spent three decades creating value, opportunity in New Jersey’s office market

Bergman Real Estate Group has stayed true to its core objective of creating value in New Jersey’s office market — but the firm has also evolved in how it reaches that goal, in a state whose buildings are now showing their age.

Residential & Mixed Use
Rental portfolio in Hudson, Bergen fetches $75 million

A private investor has acquired an 18-building, 487-unit multifamily portfolio in Hudson and Bergen counties, under a $75 million deal arranged by Gebroe-Hammer Associates.

People
NAI Hanson hires associate for Bergen County sales team

By Joshua Burd NAI James E. Hanson has added to its brokerage team with the hiring of a new associate. The real estate services firm announced Wednesday that David M. Ukleja has joined its Teterboro office. In the new role,…

Professional Services
Hollister tapped to oversee upgrades at historic Edison golf club

A historic country club in Edison is slated for a series of renovations as part of a newly announced project by Hollister Construction Services.

Industrial
Zimmel inks $2.1 million sale of Somerset flex building

A maker of medical diagnostic tests has acquired a 17,000-square-foot flex building in the Somerset section of Franklin, following a transaction brokered by Zimmel Associates.

Industrial
AY: Despite demand, New Jersey starved for new cold storage space

New Jersey remains one of the nation’s most underserved markets for cold storage space, despite its potential to share in the expanding market for fresh food and online grocery delivery.