Somerset Development inks first office, retail leases at Bell Works Chicagoland project

Somerset Development has taken new steps in its plan to open a second Bell Works location, luring its first office and retail tenants to a 1.65 million-square-foot campus outside Chicago.

Leasing underway at new upscale apartments in Bogota

The builder of a new luxury apartment complex in Bogota has launched leasing at the property’s first phase, unveiling more than 300 homes and a host of upscale amenities.

Turnbridge, Harbor Group sell Parsippany industrial building for $85 million

A joint venture has sold a Parsippany industrial building for more than $85 million, marking the culmination of a two-year investment and turnaround for the 550,000-square-foot property.

Developers wanted for NJ Transit sites in Jersey City, Woodbridge

NJ Transit is seeking would-be developers for two sites, including property at the busy Metropark station in Woodbridge and a parcel near Liberty State Park in Jersey City.

A long time coming: After decades of growth nationally, Jersey Mike’s eyes major expansion in Garden State

Jersey Mike’s Subs has grown to nearly 2,000 stores across 48 states. It’s now experiencing its most significant growth to date in northern and central New Jersey — even as it grapples with the effects of the pandemic — with about 100 stores currently open north of Interstate 195 and another 60 locations in development.

Tenant interest in ‘hub-and-spoke’ model brings added focus to state’s new-look office stock

A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.

Bridge sells 2.2 million sq. ft. Phillipsburg industrial portfolio to PGIM for $275 million

Bridge Development Partners has announced the sale of a four-building, 2.2 million-square-foot industrial portfolio in Phillipsburg, the first piece of a massive project near Interstate 78.

JLL seeking buyer for 350-unit luxury rental property in Englewood

The owner of a 350-unit luxury apartment complex in Englewood is seeking a buyer for the property, in a newly announced offering by JLL’s New Jersey capital markets team.

Rockefeller Group, nonprofits unveil supportive housing at The Green at Florham Park

Rockefeller Group has teamed with two area nonprofits to open an eight-building, 62-unit supportive housing community at its vast mixed-use campus in Florham Park.

Besides public health, what is a top policy or legislative concern for the commercial real estate industry?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.