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.

Professional Services
Caryl Communications announces new VP after promotion

An executive at Caryl Communications Inc., a public relations firm with a focus on commercial real estate, has earned a promotion to vice president.

Professional Services
Zito Partners announces additions to financial, real estate teams

Zito Partners has added to its team of public relations professionals with two new hires, including a partner who will work on the firm’s real estate accounts.

Office
Somerset acquires ex-AT&T campus, plans second Bell Works near Chicago

Riding the success of its Bell Works project — the adaptive reuse of the landmark Bell Labs campus in Holmdel — Somerset Development is taking its show on the road.

Professional Services
Genova Burns hires former deputy AG in real estate, land use groups

Genova Burns has bolstered its team of real estate and land use attorneys, hiring a former deputy state attorney general as an associate in its Newark office.

Finance & Capital Markets
Amboy Bank adds VP in commercial real estate lending

Amboy Bank has added to its commercial real estate lending team with one of its newest hires.

Residential & Mixed Use
One Wall touts acquisition of 1,000-unit Pennsylvania portfolio

One Wall Partners, a Newark-based owner of transit-oriented workforce housing, has expanded its portfolio with the acquisition of nearly 1,000 apartments in eastern Pennsylvania.

Industrial
Lyndhurst warehouse fetches $4 million, slated for self-storage redevelopment

A regional real estate firm has acquired a 28,000-square-foot warehouse in Lyndhurst, under a newly announced, $4 million deal by Team Resources Inc.

Retail
Developer acquires 31,000 sq. ft. retail property near Prudential Center

A development firm has acquired a 30,500-square-foot retail space in downtown Newark, in a transaction arranged by The Blau & Berg Co.

Finance & Capital Markets
Sale of ex-United Water HQ complete, site slated for senior living project

The site of a former United Water headquarters building in Bergen County is on track to be redeveloped as a senior living complex, following a sale announced by NAI James E. Hanson.

Professional Services
Marchetto, once on the front lines of Hoboken’s rebirth, is now growing beyond Hudson County

A design firm that has been a key player in Hoboken’s rebirth has expanded well beyond Hudson County, amassing a pipeline of suburban but transit-oriented residential projects in well-known locales such as Morristown, Montclair and Westfield.