The leaders of Normandy Real Estate Partners have agreed to sell their operating platform and an interest in three funds to Columbia Property Trust, a New York-based real estate investment trust, in a $100 million transaction that is slated to close by year-end.
Office
New Jersey’s office market is evolving by the day, but this fact remains: The state’s location and educated workforce make it a highly desirable place for tenants of all shapes and sizes.
NKF: Tech firms combine for 20,000 sq. ft. at Princeton-area building
The owner of a Princeton-area office building has inked three leases for a combined 20,000 square feet, brokers with Newmark Knight Frank announced Friday.
NKF touts 80,000 sq. ft. in leasing at Warren office building
A soon-to-be-upgraded, 103,000-square-foot office building in Warren is more than 75 percent leased with the completion of two recent transactions by Newmark Knight Frank.
Church acquires 2,300 sq. ft. office building in Hackensack, NAI Hanson says
A local congregation has acquired a single-story office building in Hackensack, with plans to relocate to the property from a neighboring town.
Morris Plains office building sells for $3.7 million, Newmark says
An investor has acquired a 28,000-square-foot office building in Morris Plains for nearly $3.7 million, under a transaction arranged by Newmark Associates.
Developers continue focus on amenities, aesthetics to help tenants compete for talent
As hiring and human resources decisions drive corporate real estate selection more than ever, New Jersey developers are responding by designing spaces and amenities that meet those needs, while expanding their focus on the labor markets around their project sites.
Demographics and data inform sound decisions
Current and accurate data on population shifts and consumer spending enables the real estate industry, government officials and businesses to make informed choices on investments and resource allocation.
Pharma firm inks renewal for North American HQ in Parsippany, Avison Young says
A pharmaceutical manufacturer has recommitted to its North American headquarters in Parsippany, in a newly announced transaction by Avison Young.
NAI Hanson’s Troiano to be honored as a top woman entrepreneur, corporate leader
A longtime broker at NAI James E. Hanson has earned a prestigious honor from a networking organization that recognizes top achievements by women in business.
CBRE inks sale of eight-acre redevelopment site in Morris County
A developer has acquired a vacant former supermarket property in Morris County, where it’s now planning a multiservice medical office center.
