Top News

Cafiero-led team looks to continue pace as Marcus & Millichap’s top N.J. brokerage unit

Marcus & Millichap’s top investment sales team in New Jersey is seeking continued momentum, following a banner year in 2021 and a strong first half of 2022, with a focus on triple-net-lease and multitenant retail deals and the industrial and office sectors.

Retail

Owner of 700,000 sq. ft. shopping center, net-leased portfolio taps LMC for new assignment

Levin Management Corp. has secured a new assignment to oversee a sprawling portfolio of shopping centers and net-leased property in and around New Jersey.

Retail

Two new tenants lease space at 42,000 sq. ft. Bridgewater shopping center

Two retail tenants have combined to lease more than 2,100 square feet at a Bridgewater shopping center, under a set of deals arranged by NAI James E. Hanson.

Somerset Development unveils new ‘Inspired’ brand to reflect transformative projects

Somerset Development has rebranded as part of a move to highlight its growing list of projects that have repurposed and reinvented properties in New Jersey and other markets.

Technology

Denholtz, VTS Rise partner to launch new tenant experience app

Denholtz Properties is unveiling a new mobile app for tenant engagement across its office portfolio, under a newly announced partnership with a leading technology company.

Industrial

Manufacturers returning to Pennsauken complex after leasing 376,000 sq. ft.

The owner of a repurposed former aluminum plant in Pennsauken has leased nearly 380,000 square feet at the site, in a set of deals that will bring a familiar use to the property.

Professional Services

Gensler names new co-managing director, principal in Morristown office

Gensler has announced several key moves in its Morristown office, including the appointment of a new co-managing director to succeed one of its longtime leaders in the state.

Office

Garibaldi named leasing agent for 230,000 sq. ft. office campus near Morristown

A joint venture has hired The Garibaldi Group as its leasing team at a nearly 230,000-square-foot office campus just outside downtown Morristown.

Inside the deal to create Newark’s ‘mini-Hollywood’ at new $125 million studio complex

Plans to build a $125 million television and film production studio in Newark’s South Ward are expected to help cement efforts to build a durable infrastructure for the industry in New Jersey. They’re also the culmination of decades of wishful thinking in the city and, more recently, years of complicated deal-making that involved some of state’s biggest players, including Gov. Phil Murphy, as part of an aggressive push to attract productions and studio operations.

Government & Public Policy

Fulop expects nimble approach to development in Jersey City, with major projects still to come

Jersey City is still in the earliest stages of its well-chronicled renaissance, the city’s mayor said Thursday, while projecting a nimble approach to development in the face of economic headwinds and a continued focus on lesser-known neighborhoods outside the downtown.