Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.
An asset manager has secured more than $210 million to refinance a nine-building, 58-acre campus in Plainsboro that serves as Novo Nordisk’s North American headquarters.
RC Andersen Construction, a Fairfield-based contractor, is joining the STO Building Group in a merger aimed at helping both firms expand their foothold in the industrial market.
The United Way of Northern New Jersey hosted its annual fundraiser with the commercial real estate industry, which featured an interview with media icon Steve Forbes and the presentation of its Impact Award to one of the state’s most high-profile office deals of 2019.
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.
Somerset Development has tapped Structure Tone Inc. to oversee construction plans, renovations and subcontractor management at Bell Works, the mixed-use redevelopment at the sprawling former Bell Labs complex in Holmdel.