The newly formed syndication arm of an area real estate firm has made its first two deals, closing on vacant office buildings in Newark and Hackensack that it now plans to reposition.
The state’s office market took a step back in the fourth quarter of 2016, according to new industry research, as leasing activity slowed and several large blocks of space hit the market.
A biotechnology firm has expanded its footprint at the New Jersey Center of Excellence, Advance Realty’s sprawling commercial and soon-to-be mixed-use campus in Bridgewater.
An investor has paid $4.1 million to acquire a 30,000-square-foot commercial building in downtown Newark, brokers with CBRE Group announced Tuesday.
A construction company is now occupying its new 30,000-square-foot headquarters space in Secaucus, following a design and build-out overseen by DMR Architects.
The owner of a 385,000-square-foot office complex in Livingston has a new partner at the property after a recapitalization arranged by Cushman & Wakefield, the brokerage said.
A group led by Normandy Real Estate Partners has sold a Parsippany office building for $44 million, following a gut rehabilitation project that attracted a blue-chip pharmaceutical tenant.
A New York-based commercial mortgage lender was the main source of financing for a Kuwait-based firm’s recent $165 million acquisition of the Newark office tower that is home to Panasonic Corp. of North America.
A 24,000-square-foot flex building in Delran is under new ownership, following a sale brokered by Wolf Commercial Real Estate.