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Real Estate NJ’s 2020 Market Forecast

A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.

Residential & Mixed Use
Prism breaks ground on 232-unit rental project at Woodbridge train station

Construction is underway at the former site of an auto dealership in downtown Woodbridge, where Prism Capital Partners is building 232 apartments and ground-floor retail space.

Finance & Capital Markets
Prism announces refi at Parsippany office building

Prism Capital Partners has refinanced a 206,000-square-foot office building in Parsippany, touting the transaction as another milestone for the firm’s original investment property.

Events
March of Dimes honors Johnson, raises $375,000 (SLIDESHOW)

More than 200 members of New Jersey’s commercial real estate sector turned out to honor Christopher Johnson of Hollister Construction Services, raising more than $375,000 for an annual event hosted by the March of Dimes North Central New Jersey.

Residential & Mixed Use
Prism, Northwestern Mutual close on site of 232-unit project in Woodbridge

A development team has closed on its purchase of a five-acre site in Woodbridge, where it now plans to build a mixed-use project anchored by more than 230 luxury apartments.

Office
Prism eyes new 400,000 sq. ft. complex as ON3’s first ground-up office project

Prism Capital Partners is crafting plans for the first ground-up office project at its ON3 campus, hiring an architectural firm to design a new two-building complex on the Clifton side of the property.

Event Coverage
Holistic thinking, public-private approach remain a focus at New Jersey Future’s redevelopment forum

New Jersey Future’s annual Redevelopment Forum drew a crowd hundreds to New Brunswick recently, in a show of support for big-picture planning, adaptive reuse and public-private collaboration when it comes to development in the Garden State.

Events
NAIOP reveals deal of the year finalists for upcoming gala

NAIOP New Jersey has announced the finalists for its coveted Deal of the Year awards, highlighting six of the state’s most impactful projects and transactions of 2018.

Office
Quest breaks ground on 250,000 sq. ft. lab facility in Clifton

Construction is underway at Quest Diagnostics’ new flagship laboratory in Clifton, a planned 250,000-square-foot facility that is slated to become the largest in its vast portfolio.

Office
Prism offers new details for lab, hotel projects at ON3 (RENDERINGS)

A pipeline of new ground-up construction projects is taking shape at Prism Capital Partners’ ON3 campus in Nutley and Clifton, including some 400,000 square feet of laboratory space, a new medical office building and a dual-branded 255-room hotel.