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
Investment team buys Newark office buildings, parking garage for $80 million

An investment group has acquired two office buildings and a parking garage in downtown Newark for $80 million, with plans to spend another $70 million to reposition the properties.

Office
Birch Group adds ex-JLL, Mack-Cali leasing exec

The Birch Group has made another addition to its team, hiring a former broker and Mack-Cali Realty Corp. executive as it continues to grow its high-end office holdings in New Jersey.

Health Care & Education
NAI Hanson inks sale of Riverdale medical office building to veterinarian

The owner of a veterinary practice has acquired a 6,200-square-foot medical office building in Riverdale, under a newly announced deal by NAI James E. Hanson.

Health Care & Education
Summit Health debuts 30,000 sq. ft. office at new Montclair arts campus

Summit Health has opened the doors to a new 30,000-square-foot office in Montclair, in one of the first pieces of a new mixed-use development near the acclaimed Wellmont Theater.

Health Care & Education
Atkins sells 250,000 sq. ft. medical office portfolio in Northeast, Midwest

Atkins Cos. has sold a six-building, 250,000-square-foot medical office portfolio in four states, as it turns its focus to new acquisitions after its longtime ownership of the properties.

Office
NAI Hanson: Legal services firm relocating, taking 13,000 sq. ft. at Paterson office tower

A law practice is on the move in Paterson after leasing nearly 13,000 square feet at a prominent office building in the city, in a transaction arranged by NAI James E. Hanson.

Office
JLL: Makeup brand, financial adviser ink leases at new Montvale office building

A new boutique office building in Montvale has attracted two more tenants, marking the latest additions to a mixed-use development by The S. Hekemian Group.

People
Prism names vice president of construction amid growing pipeline

Prism Capital Partners has added a vice president of construction to support its growing pipeline of ground-up projects.

Office
Rutgers buys 3,700 sq. ft. office building in downtown Newark, NAI Hanson says

Rutgers University has acquired a 3,700-square-foot office building in downtown Newark, under a newly announced transaction by NAI James E. Hanson.

Government & Public Policy
Insiders see growing (but measured) demand for new, more targeted state incentive program

With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.