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.

Overhaul coming to 300,000 sq. ft. office building in Journal Square

A design firm is detailing its overhaul of a well-known office building in Jersey City, with plans calling for updated common areas and new street-level retail and restaurant space.

Friends, colleagues recall Stan Simon as a model of integrity in New Jersey real estate

Friends, former colleagues and longtime clients have been paying tribute to the late Stanley Simon, the longtime head of Jacobson Goldfarb & Tanzman LLC, as a “true gentleman” who was among the most effective, honest and respected figures in New Jersey commercial real estate — one who groomed and influenced many of the state’s top brokers.

Health Care & Education

Atkins renews six medical tenants for 13,000 sq. ft. in West Orange

Six tenants have leased a combined 13,000 square feet at a medical office building in West Orange, under a series of renewals announced Monday by Atkins Cos.

Lighting manufacturer takes 17,000 sq. ft. in Meadowlands

A manufacturer of LED lighting has leased 17,000 square feet of industrial space in East Rutherford, under a newly announced transaction by Chilmark Real Estate Services.

Liquor store chain buys Bergen County location, Goldstein Group says

A wine and spirits chain is eyeing further expansion in New Jersey after acquiring a liquor store along Route 17 in Bergen County, brokers with The Goldstein Group said Monday.

Professional Services

Energy consultant acquires Allenhurst firm, expanding in Northeast

An energy advisory firm has expanded its presence in the region with its acquisition of a Monmouth County-based consulting business.

Holistic thinking, public-private approach remain a focus at New Jersey Future’s redevelopment forum

New Jersey Future’s annual Redevelopment Forum drew a crowd hundreds to New Brunswick recently, in a show of support for big-picture planning, adaptive reuse and public-private collaboration when it comes to development in the Garden State.

Furniture, home décor giants take 1.82 million sq. ft. to lead Q1 industrial leasing

Two tenants leased a combined 1.82 million square feet in Cranbury during the first quarter, accounting for the top transactions year to date in New Jersey’s booming industrial market.

Residential & Mixed Use

Developers, HMFA unveil 48-unit affordable project in Ocean Township

A development team has completed nearly 50 new apartments in Ocean Township as part of the state’s ongoing effort to bring new affordable housing to areas impacted by Hurricane Sandy.

Government & Public Policy

Three more co-working locations join EDA program for rent grants

Three female-led co-working spaces have joined the growing list of locations that are eligible for rent support grants under a program offered by the state Economic Development Authority.