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
Prism acquires 40,000 sq. ft. ex-bank headquarters in Rutherford, C&W says

Prism Capital Partners is set to reposition a former bank headquarters in downtown Rutherford after acquiring the 40,000-square-foot building, in a deal arranged by Cushman & Wakefield.

Professional Services
Avison Young acquires workplace design firm Studio Eagle, adding 30-plus N.J. team members

Avison Young has acquired Studio Eagle, a Springfield-based design and workplace planning firm, marking a major addition to its New Jersey project management platform.

Cover Story
How Devco does it: Inside $1.5 billion pipeline — and decades of high-profile New Jersey projects

New Brunswick Development Corp. is forging ahead after a year in which it broke ground on more than $1.5 billion worth of projects — a milestone that’s all the more notable for a team that never does the same project twice.

Sponsored Content
Redevelopment trends: New York tristate’s redevelopment in turmoil

Redevelopment activity in the New York Tristate Region is searching for direction. Post-pandemic, there is pressure to redefine business, retail and residential redevelopment programs. The revised target forces everyone to take a longer look and a broader view of the various impacts this redefinition may bring.

Office
LeFrak, CBRE ink 33,000 sq. ft. in office leases at Newport in Jersey City

Nine tenants have combined to lease nearly 33,000 square feet of office space in Jersey City’s Newport section, in a series of newly announced deals by CBRE.

Residential & Mixed Use
Kislak touts banner year with 242 transactions, $1 billion in deal volume

The Kislak Co. Inc. and Kislak Commercial Real Estate Services Inc. are reporting record investment sales and leasing activity in 2021, closing 242 transactions in six states.

People
Larken welcomes new human resource director

Larken Associates has named a new human resource director to help guide its Branchburg-based team of 150 employees.

Sponsored Content
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.