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.

Events
NRBP set to host two-day real estate forum with virtual, in-person program

Business and commercial real estate leaders in Newark are set to gather next week for a popular event that showcases the city’s growing construction and economic development pipeline.

Office
Veris inks 130,000 sq. ft. lease in Jersey City with collectibles authenticator, grader

Veris Residential Inc. has landed a major tenant at its flagship office campus in Jersey City, inking a 130,000-square-foot lease with the world’s largest authenticator for collectibles.

Office
Larken Associates, speech language center negotiate expansion in Princeton area

Larken Associates has negotiated an 830-square-foot lease expansion with Princeton Speech-Language & Learning Center at its Montgomery Commons office complex near Princeton.

Office
Bergman, Time Equities score coveted BOMA award for Parsippany office campus

The owners of a three-building, 280,000-square-foot office campus in Parsippany have earned a prestigious industry recognition for their management of the property.

Government & Public Policy
Industrial builders flock to Franklin after zoning change, bringing new life to aging office sites

Franklin Township has more than 4 million square feet of industrial space in its development pipeline — most of it in the town’s well-known Somerset section — with a growing list of projects that call for razing and repurposing the sites of outdated office buildings.

Professional Services
Kimmerle touts four recent hires on project, marketing teams

Kimmerle Group has made four new hires in recent months as part of an ongoing expansion of its design, real estate, planning, development and branding practice.

Office
Biotech, insurance firms combine for 12,000 sq. ft. at Warren office building

A life sciences company and an insurance firm have joined the tenant roster of a 107,000-square-foot office building in Warren, in a set of newly completed deals by Newmark.

Professional Services
CBRE’s Babikian promoted to vice chairman, firm’s highest rank for brokers

CBRE has promoted veteran broker Jeffrey C. Babikian to vice chairman, marking the first time that an office leasing professional in New Jersey has achieved the title with the firm.

Office
C&W: Investor buys Princeton-area medical office building for $8 million

An investor has purchased a roughly 25,000-square-foot medical office building in West Windsor for $8 million, in a newly announced deal by Cushman & Wakefield.

Policy Page
Labor force challenges: An intense and growing concern

Fortunately for New Jersey, international migration of the foreign-born is countering the outflow of our domestic population. This trend, however, should not be taken for granted, as immigrants are now heading to other gateways. It is crucial for our economic competitiveness that New Jersey maintain its historic attractiveness for these international arrivals.