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Real Estate NJ’s 2019 Market Forecast

What does the year 2019 have in store for New Jersey’s commercial real estate market? We recruited some of the most influential developers, professionals and thought leaders in New Jersey commercial real estate to give us their predictions for the year ahead.

Residential & Mixed Use
Prism details plans for redevelopment at Dunellen train station

Prism Capital Partners has unveiled its plans for a new 382-unit residential project alongside the Dunellen train station, where it expects to begin construction by next summer.

Office
Quest details plans for 250,000 sq. ft. ‘flagship’ lab project in Clifton

Quest Diagnostics has taken the wraps off its plans at the ON3 campus in Nutley and Clifton, where it will build a 250,000-square-foot flagship laboratory facility that will become the largest in its portfolio.

Office
ON3: Prism planning speculative 150,000 sq. ft. lab building in Nutley

Amid continued demand for high-end research and development space, Prism Capital Partners is planning a new ground-up laboratory building at its ON3 campus in Nutley and Clifton.

Office
Prism: Roadwork, upgrades continue as ON3 prepares for new users

Prism Capital Partners has completed the first phase of major infrastructure improvements at its ON3 campus in Nutley and Clifton, as it continues to ready the site for new tenants and additional construction.

Residential & Mixed Use
Prism debuts apartments at historic Edison complex in West Orange (SLIDESHOW)

Prism Capital Partners has taken the wraps off its new apartments at Edison Village, an industrial-to-residential conversion of the historic Thomas Edison complex in West Orange.

Government & Public Policy
Murphy details plans to revamp Grow New Jersey, ERG programs

Amid his sweeping plan to spur a new wave of innovation in the state’s economy, Gov. Phil Murphy has offered a glimpse at what could come of the incentive programs that have helped bolster New Jersey’s commercial real estate market in recent years.

Office
NKF: New Jersey office leasing hits two-year high for absorption

New Jersey’s office market is riding high from a series of blockbuster leases over the summer, recording its highest quarterly increase in net absorption in two years.

Roundtable
Which types of tenants or industries hold the greatest upside for New Jersey’s office market?

Which types of tenants or industries hold the greatest upside for New Jersey’s office market? We assembled a panel of industry experts to tackle this month’s question.

Finance & Capital Markets
Developers land $64 million loan for Hoboken ‘Wonder Lofts’ project

A joint venture has closed on a $64 million loan for its plans to convert a historic Wonder Bread factory in Hoboken into an 89-unit luxury residential building.