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.

Office
Avison Young: Shelbourne, electronics parts maker ink 61,000 sq. ft. lease in Piscataway

A manufacturer of electronics parts has leased more than 60,000 square feet in Piscataway, in the largest of several newly announced deals by Avison Young.

Office
Signature Acquisitions debuts rooftop solar across 16 New Jersey office buildings

Signature Acquisitions has installed a 3.75-megawat solar energy system covering more than 200,000 square feet of rooftop across 16 office buildings in New Jersey.

Top News
Plan for 1.2 million sq. ft. studio, hospitality complex in Carteret wins key approval

A sprawling project that would bring film and television studios, hotel rooms and restaurants to a former industrial site in Carteret is moving forward after securing a key local approval.

Sponsored Content
Thought leaders in electric and autonomous vehicles consider New Jersey’s mobility future

Every day brings news about the market growth of electric vehicles. But before the conversion to fully electric, self-driving vehicles comes to fruition, New Jersey must provide the infrastructure for this coming transportation revolution to thrive.

Health Care & Education
Joint venture buys Clifton medical office building for $16 million, C&W says

A partnership has purchased a nearly 63,000-square-foot medical office building in Clifton for $16 million, brokers with Cushman & Wakefield announced Thursday.

Office
Insiders: New Jersey office market still ripe for large, blue-chip deals in age of hybrid work

Market experts say large, high-profile office deals are likely still to come in New Jersey, despite the push for hybrid schedules and lingering questions about the return to work.

Health Care & Education
Cardio practice takes 6,500 sq. ft. in renewal, expansion at Larken property in Flemington

Larken Associates has negotiated a lease renewal and expansion to 6,456 square feet with a cardiology provider in Flemington.

Residential & Mixed Use
Buzzworthy

As you’ll read in this month’s cover story, the large, high-profile office deal is alive and well in the pandemic’s aftermath, as blue-chip employers make major investments in their physical footprint. That’s evident by several outsized leases in New Jersey this year of 100,000 square feet or greater, and market experts say there are likely more to come, as corporations look to support their growth while creating a “commute-worthy” environment for its distributed workforce.

Finance & Capital Markets
Provident, Lakeland to merge in $1.3 billion deal that will fortify CRE lending platforms

Provident Bank and Lakeland Bank are joining forces under a $1.3 billion merger announced Tuesday, bringing together two key lenders in the state’s commercial real estate sector.

People
Diversified Properties taps Leifer as director of acquisitions, development

Diversified Properties has hired a longtime real estate executive as its new director of acquisitions and development, the Montville-based firm announced.