Top News

Office
NKF: New Jersey office market begins to thaw, despite continued uncertainty

Office leasing in New Jersey rebounded modestly in the third quarter, even as the pandemic continues to weigh on the market and fuels a sizable uptick in availabilities.

Residential & Mixed Use
Woodmont touts lease-up of 220-unit upscale rental property in Bayonne

Woodmont Properties is hailing the lease-up of one of its newest luxury residential properties — a 220-unit apartment community in Bayonne.

Residential & Mixed Use
Prism releases final apartments at West Orange adaptive use project

Prism Capital Partners has released the final block of new apartments at a 300-unit adaptive reuse project in West Orange, citing the ongoing demand for its luxury residential offerings.

Health Care & Education
Stockton, AC Devco eye groundbreaking for new Atlantic City residence hall

An expansion of Stockton University’s footprint in Atlantic City will officially begin later this month, when stakeholders break ground on a new 416-bed residence hall.

Industrial
Colliers: Sublease space on the rise in N.J. industrial sector, despite market’s strength

While industrial space remains in short supply, New Jersey is seeing a spike in new sublease offerings as smaller logistics firms feel the economic pinch of the pandemic.

Retail
Trader Joe’s opens at new March Associates shopping center in Wayne

A new Trader Joe’s has opened its doors in Wayne, anchoring a long-awaited, 50,150-square-foot shopping center developed by March Associates Construction.

Residential & Mixed Use
Pennrose hits 70 percent leased milestone at New Brunswick apartment tower

A new 207-unit luxury apartment tower in downtown New Brunswick is more than two-thirds leased after a recent flurry of activity by renters.

Government & Public Policy
HMFA reopens landlord relief program, expands eligibility to owners of up to 30 units

The state has extended and expanded an emergency grant program for New Jersey apartment landlords, drawing praise from the multifamily sector despite the need for additional relief.

Office
NKF, Murray Construction detail revamp of Westfield office building (SLIDESHOW)

A brokerage and development team has unveiled plans to revamp a 70,000-square-foot office building in Westfield, offering a rare block of space in the town’s popular business district.

Policy Page
Taking the temperature of New Jersey’s economy and commercial real estate sector

We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.