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.

Three Avison Young brokers earn promotions

Avison Young has elevated two senior brokers and a young associate in New Jersey.

Fast-growing Lee & Associates picks N.J. president to lead expansion

Lee & Associates has tapped the president of the firm’s New Jersey office to lead a strategic expansion of its footprint on the East Coast.

Newark rising: Successful projects breed confidence for what’s still to come, panel says

The Newark Regional Business Partnership’s annual Real Estate Market Forecast included an expert panel of developers and professionals. — Courtesy: Harold Banks/Prudential Financial

New owner plans upgrades at office building after $21.5M sale

RXR Realty has sold a 230,000-square-foot Morristown office building to a Boston-based real estate investment firm, in a $21.5 million deal brokered by HFF.

A new lease on life: Prism, local officials prepare for ‘next chapter’ of Roche campus

The resurrection of the Roche property in Nutley and Clifton is well underway — and Prism Capital Partners is already seeing tangible signs of the promise that its sprawling campus holds.

AY to open new N.J. office after acquiring former Cresa team

Real estate services firm Avison Young has added a team of seven from the brokerage formerly known as Cresa NJ-North/Central LLC, as part of an acquisition of the business and a move to open a second New Jersey office in Middlesex County.

Not your average fixer-upper: Prism plans major renovations at remaining Roche buildings

For all the appeal of the five modern, institutional-grade office and R&D buildings that were left standing on the former Roche campus, there is still work to be done. In fact, Prism Capital Partners is planning a multimillion-dollar renovation at three of the buildings.

Turnkey R&D space, utility plant fueling interest from tenants

The planned Seton Hall-Hackensack Meridian School of Medicine is undoubtedly driving much of the interest at the former Roche campus. But it’s certainly not the only attraction.

Are incentives here to stay in N.J.? Gubernatorial hopefuls weigh in at NAIOP forum

Two of the candidates in this year’s gubernatorial election would look to scale back or reconfigure the state’s development and business incentives, while three others appear ready to continue the existing programs as a way to extend the growth of New Jersey’s economy.

Cresa announces new management, growth plans in N.J.

Cresa, the largest tenant-only commercial real estate brokerage, has announced a new management team in New Jersey and is on the hunt for new space and new talent.