Experts say the struggles of New Jersey’s suburban office market are not as clear-cut as many still believe. Those challenges are in fact real, but there are still plenty of opportunities for owners and developers to make a splash.
Several of New Jersey’s largest, most prominent life sciences complexes are now on the path toward redevelopment, with new anchor tenants in place or new owners that can reclaim the value of what was left behind.
In the most high-profile cases, a team at JLL has been right in the thick of it.
It was New Jersey’s largest industrial lease of the fourth quarter — and it was a fitting end to the year for a market that has been fueled by e-commerce tenants and big box construction. But the commitment by Modway Furniture was every bit as notable for its location as it was for its size.
It was a 27-acre land sale last September that gave way to one of East Windsor’s newest industrial projects, but it wasn’t the first time the property had changed hands.
Leaders of the Rutgers Center for Real Estate aim to make it the top academic and research program of its kind, one that helps improve the industry and provides a link between the state’s top real estate firms and the next generation of professionals.
It took an engineering feat for Advance Realty to build one of Hoboken’s newest mixed-use projects. It also helped the firm attract one of the city’s most highly anticipated retailers.
For all of the engineering prowess that it took to excavate the site of Advance Realty’s new apartment building in Hoboken, there are some things you just can’t plan for.
What does the year 2017 have in store for the commercial real estate market?
We can’t say for sure — and we know you can’t either — but we asked some of the industry’s top professionals in New Jersey to give it their best shot. In the process, we’ve tried to bring you a good cross-section of experts from different disciplines.