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
Inspired by Somerset Development launches third-party buildout, tenant improvement arm

The developer behind the acclaimed Bell Works campus in Holmdel has launched a third-party design and construction business, seeking to draw from its experience of building flexible, modern office spaces at the 2 million-square-foot property.

Residential & Mixed Use
Redevelopment of Parsippany office park comes with multilayered approach to sustainability

The transformation of a suburban office park in Parsippany — one of New Jersey’s most closely watched redevelopment projects — comes with a heavy focus on sustainability, including a plan to seek certification with the U.S. Green Building Council for the entire 45-acre community.

Events
Jersey City Summit, high-profile development showcase, set to return May 22

The popular Jersey City Summit is set to return on May 22, marking its eighth year as it prepares to welcome more than 1,000 attendees for the annual real estate industry showcase.

Office
Sanzari adds business law firm to Court Plaza with new 5,900 sq. ft. lease

A business law firm has leased more than 5,900 sq. ft. at Court Plaza, Alfred Sanzari Enterprises’ three-building office complex in downtown Hackensack.

People
Sack Business Alliance names new executive director

The Main Street Business Alliance in Hackensack has tapped a veteran entrepreneur and executive as the new head of the special improvement district.

Office
AEP sells renovated 121,000 sq. ft. office building in Warren, in C&W-brokered deal

American Equity Partners has sold a nearly 121,000-square-foot office building in Warren, following its 2016 purchase and subsequent upgrade of the property off Interstate 78.

Government & Public Policy
Westfield council greenlights HBC redevelopment of Lord & Taylor site, nearby lots

Local officials in Westfield have cleared the way for the Hudson’s Bay Co. to redevelop a vacant Lord & Taylor site and several adjacent blocks downtown, with plans calling for more than 300,000 square feet of office space and some 200 residential units.

Health Care & Education
Azarian touts new health care leases at North Brunswick, Woodbridge shopping centers

A new physical therapy practice has leased nearly 1,200 square feet at The Shoppes at North Brunswick, in one of two newly announced deals by Azarian Realty Co.

Office
Exchange Place Alliance opens new office in downtown Jersey City

The influential Exchange Place Alliance has unveiled its new 900-square-foot office at the border of two key neighborhoods in downtown Jersey City.

Finance & Capital Markets
Progress sources $61 million acquisition loan for Vision Properties deal in Northern Virginia

An investor has secured more than $60 million in acquisition financing for a 270,000-square-foot office building in Northern Virginia, in a deal arranged by Progress Capital.