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.

Retail
Industry leader Reinhart joins Brunelli to lead mixed-use development practice

R.J. Brunelli & Co. has hired Peter S. Reinhart, the head of Monmouth University’s real estate program and a former longtime executive with Hovnanian Enterprises, to lead a new division within the retail brokerage focused on mixed-use developments.

Roundtable
How has e-commerce impacted building design in either retail or industrial space?

How has e-commerce impacted building design in either retail or industrial space? We assembled a panel of industry experts to tackle this month’s question.

Industrial
NAI Hanson named leasing agent at Allendale flex park

A joint venture has tapped NAI James E. Hanson as the leasing agent for its recently acquired, 370,000-square-foot flex industrial park in northern Bergen County.

Office
C&W details upgrade, leasing plans for Morris Plains office building

The new owner of a Morris Plains office building has kicked off its plans to renovate and draw new tenants to the 89,000-square-foot property, brokers with Cushman & Wakefield said.

Retail
Paramount launches program to guide, incentivize franchise leases

Paramount Assets has launched a new program aimed at spurring the growth of franchise businesses within its commercial portfolio.

Office
Law firm inks 5,600 sq. ft. renewal in Voorhees

A law practice has renewed its 5,600-square-foot lease at a Voorhees office building, under a newly announced transaction by Wolf Commercial Real Estate.

Office
Mack-Cali, Bow Street continue clash over proposed board takeover, portfolio sale

Mack-Cali Realty Corp. has rebuffed another offer from investors seeking to acquire its office holdings and take control of its board, calling it a “grossly inadequate, unworkable and self-interested proposal” that would shortchange shareholders and doom its residential business.

Retail
Hampshire sells Paramus retail center for $8.4 million, CBRE says

A real estate investment trust has acquired a grocery-anchored, 42,000-square-foot retail property in Paramus, in an $8.4 million transaction arranged by CBRE.

Professional Services
Beckerman rebrands as Antenna, marking 30 years in real estate PR

Public relations and marketing firm Beckerman has rebranded after three decades, bringing several subsidiaries under a new umbrella that includes its well-known real estate practice.

Residential & Mixed Use
Somerville: Developer hails lease-up of 69-unit rental property

Renters have flocked to a new 69-unit residential property in downtown Somerville, filling the luxury apartment building less than three months after it opened for leasing.