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
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.

Office
Eastman, court reporting agency sign 20,000 sq. ft. renewal in Livingston, CBRE says

A court reporting agency has renewed its lease of more than 20,000 square feet at a Livingston office building, in the largest of several newly announced deals by CBRE.

Office
Pharma, life sciences users leading New Jersey office leasing in 2022, JLL finds

From leasing to new construction, pharmaceutical and life sciences firms remained a leading force in New Jersey’s commercial real estate market through the first three quarters of 2022.

Office
Bergman touts TOBY awards for Rochelle Park office building, senior property manager

The Building Owners and Managers Association recently honored Bergman Real Estate Group for its efforts at a recently updated, 65,000-square-foot office building in Rochelle Park.

Technology
Connell, Brightcore debut 9,200 new solar panels at The Park in Berkeley Heights

The Connell Co. has unveiled a collection of more than 9,000 solar panels at its flagship campus in Berkeley Heights, the latest addition to the 185-acre property known as The Park.