Keystone Property Group has elevated a longtime executive to the role of president and chief operating officer, the development and investment firm said this week.
Mack-Cali Realty Corp. announced Wednesday that Michael J. DeMarco, who has served as president and chief operating officer since mid-2015, will assume the title of CEO. Mitchell Rudin, who had been CEO, will become vice chairman effective immediately.
More than 100 commercial real estate industry hopefuls gathered in Newark recently for the Rutgers Center for Real Estate’s annual career seminar.
At its annual gala, the New Jersey chapter of the U.S. Green Building Council honored the AeroFarms project in Newark and presented five awards and three honorable mentions to sustainably built projects in New Jersey.
Somerset Development has hired a creative director to help it implement the transformation of the 2 million-square-foot former Bell Labs building into the mixed-use hub known as Bell Works.
Lincoln Property Co. has acquired a 114,000-square-foot office property in Parsippany, in a deal brokered by HFF’s New Jersey office.
New Jersey’s two largest cities started the year with high-profile office deals, but consolidations have caused an uptick in vacant space for the regional leasing market in the state.
No matter the asset class, commercial real estate in New Jersey is changing in a big way.
That was the message of industry leaders earlier this week as some 350 owners, brokers and other professionals gathered for the annual Developer’s Night hosted by IOREBA, or the Industrial and Office Real Estate Brokers Association.
The new owner of the Public Service Enterprise Group headquarters tower in Newark has kicked off $4 million in upgrades and is marketing five vacant floors atop the 26-story office building, according to brokers with Cushman & Wakefield.
HFF has secured $124.5 million in financing for three properties in Short Hills that Mack-Cali Realty Corp. is acquiring as part of high-profile deal announced earlier this month.