Features

Real Estate NJ goes in depth on the latest trends, success stories and critical issues facing the commercial real estate industry. Hear what is on the mind of the industry’s power players and get expert analysis as we give you the deepest look inside the market.

Professional Services
Avison Young eyes ‘model of the future’ for project management services, workplace design

Real estate services firm Avison Young is planning a major expansion of its project management platform in New Jersey and nationally after acquiring Studio Eagle, a Springfield-based design and workplace planning firm.

Industrial
Russo, Onyx see new frontier with rare large-scale industrial project in Morris County

Russo Development and Onyx Equities are banking on the need for local distribution space — and the rise of secondary industrial markets in New Jersey — after recently acquiring a coveted development site in East Hanover.

Government & Public Policy
Scotch Plains seeking developer, forging ahead with long-awaited downtown revival

Scotch Plains is seeking a developer after recently adopting a long-awaited redevelopment plan for its downtown, aiming to create a vibrant hub with a mix of retail, restaurants, housing, a consolidated library and town hall, public plazas and parking.

Office
With Deloitte set to depart, landlord kicks off $3 million upgrade of Parsippany office building

Signature Acquisitions has kicked off a sweeping redesign and modernization of a 175,000-square-foot office building in Parsippany, seeking to overhaul the property ahead of the planned departure of Deloitte LLP.

Retail
Fast-food, health care users vying for ex-bank locations with drive-thrus

Former bank buildings with drive-thru lanes have drawn interest from fast-food chains, medical office tenants and investors during the pandemic, thanks in large part to their structural features and prime locations.

Office
Fast-growing Jersey City tech firm shows need, potential for post-pandemic office space

The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.

Health Care & Education
Atkins sells long-held medical office buildings, tapping demand while seeking new opportunities

West Orange-based Atkins Cos. has sold some of its long-held medical office buildings in the region, capitalizing on surging investor demand for the asset class as it looks for more opportunistic ways to expand its portfolio.

Roundtable
After pushback, Paramount prepares for latest adaptive reuse project in downtown Newark

A developer is moving ahead with plans to build 80 new apartments and ground-floor retail space inside a historic building in downtown Newark, following backlash from members of a congregation that had been based at the property for some four decades.

Office
Fidelco set to revive Newark office tower, in firm’s latest project in downtown neighborhood

Fidelco Realty Group is revitalizing a well-known office tower in downtown Newark at a cost of more than $30 million, with plans that include a sweeping physical upgrade, the addition of a new bar and restaurant and the creation of flexible workspace to serve technology startups. — All renderings courtesy: Fidelco/Perkins Eastman

Office
Connell blends co-working, social club in latest addition to flagship Berkeley Heights campus

The Connell Co. has unveiled a new flexible workspace and social club at The Park, its flagship 185-acre business campus in Berkeley Heights, where members have access to everything from fine dining and evening bar service to personal trainers and fitness classes.