Industrial
Team Resources touts new deals in Newark, Jersey City

Team Resources Inc. has completed a 10,050-square-foot industrial lease in Newark, one of two new transactions announced by the Lyndhurst-based firm.

Retail
Colliers: Fitness concept inks 6,100 sq. ft. in Journal Square

A fitness operator has leased 6,100 square feet in the Journal Square section of Jersey City, Colliers International announced, marking the concept’s second location in the city.

Sponsored Content
Transit hub markets speed away from competition

Office buildings within the state’s transit hub market record lower vacancy rates and higher rents compared to suburban spaces, according to JLL’s annual research report. Companies continue to pursue office space in proximity to walkable amenity-rich areas and with access to mass-transit options for their workforces and clients.

Residential & Mixed Use
HFF: Buyer sought for new 377-unit Jersey City property

A new 377-unit, luxury apartment property at the border of Jersey City and Hoboken has hit the market for sale.

Residential & Mixed Use
KRE Group opens nearly 400 units in Jersey City

Kushner Real Estate Group has leased more than two-thirds of a new 397-unit apartment building in Jersey City, as the firm joined local officials last week to mark the opening of the property.

Top News
Building boom, condo tower put Jersey City on the map in skyscraper study

The development boom along the Hudson waterfront has put Jersey City in rare company, making it one of only 18 U.S. cities with at least five skyscrapers. That’s according to a recent study of high-rise architecture by Yardi Matrix, a commercial real estate research and data platform, which also found that Jersey City currently has the fourth-tallest building under construction in the U.S. That project, 99 Hudson, is a 79-story luxury condominium tower that is slated to rise 889 feet when it opens next year.

Office
JLL: Transit hub office clusters still shine, despite 2017 hiccup

For all of the appeal of having office space near a train station, eight of New Jersey’s best-known “transit hub” submarkets took a collective step back in 2017, although they continue to stand apart from the state’s suburban highway corridors.

Office
Garibaldi touts new leases in Chatham, Jersey City

A global market research company has leased more than 4,000 square feet in downtown Chatham, in one of four recent deals announced by The Garibaldi Group.

Retail
For Pierson, believing in untapped markets has been a key ingredient for success

Pierson Commercial has gained a foothold in some of New Jersey’s largest and best-known cities, fueling its growth in recent years while remaining just as active in the state’s suburbs and highway retail corridors.

Professional Services
Former Port Authority, Jersey City attorney joins Murphy Partners

Murphy Partners LLP has expanded its team of attorneys with the hiring of a new partner in its commercial real estate group.