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.

Professional Services
JRM serving as general contractor for Ferrari North America renovations in Englewood Cliffs

Ferrari North America has tapped JRM Construction Management as its general contractor for an overhaul of its longtime facility in Englewood Cliffs.

Health Care & Education
Oral surgery practice set to open in newly sold, 10,000 sq. ft. medical office condo in Paramus

A medical office condominium in Paramus has changed hands and is set to become the home of a new oral surgery practice, brokers with NAI James E. Hanson announced Thursday.

Office
Office user takes 1,600 sq. ft. in Avenel, NAI Hanson says

NAI James E. Hanson has negotiated a lease for nearly 1,600 square feet of office space in the Avenel section of Woodbridge.

Events
IOREBA program to highlight legal limitations and liabilities in commercial real estate

The Industrial and Office Real Estate Brokers Association will welcome industry leaders next week for its fall kickoff event in Roseland, where panelists will tackle a key legal topic.

Office
CBRE: Harborside 5 and 6 listed for sale as Veris continues to prune Jersey City campus

Veris Residential Inc. is seeking a buyer for two additional pieces of its Harborside campus in Jersey City, following news that it was under contract to sell its three flagship office buildings at the property for $420 million.

Events
Hundreds turn out as NAIOP New Jersey honors industry titans, contributors

NAIOP New Jersey welcomed a crowd of 300 for its annual President’s Awards and Hall of Fame Dinner, honoring eight commercial real estate industry leaders spanning multiple generations, in one of the association’s most popular events of the year.

Office
C&W: Telecom hardware, medical device manufacturers ink leases at Parsippany office campus

Seven tenants have leased a combined 90,000 square feet at a Parsippany office campus, in a series of newly announced transactions by Cushman & Wakefield.   

Office
Denholtz sells 55,000 sq. ft. Bernardsville office building, C&W says

Denholtz Properties has sold a nearly 55,000-square-foot office building in Somerset County, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.

Health Care & Education
XBL Realty sells 44,000 sq. ft. life sciences building in Plainsboro, C&W says

Cushman & Wakefield has negotiated the sale of a 44,400-square-foot life sciences building in Plainsboro, the brokerage team announced Thursday.