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.

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Real Estate NJ’s 2022 Market Forecast

Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.

Professional Services
Conte takes over as SIOR New Jersey chapter president

A veteran broker with The Blau & Berg Co. has taken the reins as the Society of Industrial and Office Realtors’ New Jersey chapter president.

Office
Parsippany office building trades for $4.9 million, CBRE says

An investor has purchased an 85,000-square-foot office building in Parsippany for $4.9 million, under a deal arranged by CBRE.

Health Care & Education
Fennelly: Buyer wanted for 50,000 sq. ft. R&D, manufacturing complex in Plainsboro

The owner of a pharmaceutical research and manufacturing complex in Plainsboro has put the property on the market for sale, brokerage firm NAI Fennelly said Tuesday.

Office
Fast-growing Jersey City tech firm shows need, potential for post-pandemic office space

The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.

Government & Public Policy
NJ Transit awards contract, initial funding to begin Newark Penn Station upgrade

NJ Transit has awarded a key contract that it says will help kick off its long-awaited, $190 million restoration and upgrade of Newark Penn Station.

Office
Teaneck office building sold, set to become student housing for Orthodox Jewish school

The operator of an Orthodox Jewish school has purchased an 8,300-square-foot office building in Teaneck, brokers with NAI James E. Hanson announced Monday.

Health Care & Education
Atkins announces upgrades at 120,000 sq. ft. medical office building in West Orange

Atkins Cos. has kicked off its renovation of a 120,000-square-foot medical office building in West Orange located across from the Cooperman Barnabas Medical Center.

Office
CSG, Cushman detail plans for law firm’s new 109,000 sq. ft. HQ in Roseland

A major renovation is coming to a Roseland office building in conjunction with a newly announced, 109,000-square-foot lease by law firm Chiesa Shahinian & Giantomasi PC.

Office
Onyx, Atlanta-based law firm ink 20,000 sq. ft. lease in Paramus

An Atlanta-based law firm has taken more than 20,000 square feet in Paramus as part of a plan to consolidate its footprint in New Jersey, brokers with Cushman & Wakefield announced.