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
New Jersey office market shows ‘early signs’ of recovery in Q3, Collier says

The state’s office market took modest steps toward a recovery in the third quarter, as the pace of new listings slowed and as renewals helped sustain leasing activity in many locations.

Professional Services
Avison Young bolsters New Jersey project, construction management groups

Avison Young has announced two new hires on its New Jersey project and construction management teams.

Government & Public Policy
Developer secures final approval for 500,000 sq. ft. mixed-use project in Hoboken, Jersey City

Local officials have cleared the way for a developer to break ground on what will be 500,000 square feet of new commercial and residential space at the border of Hoboken and Jersey City.

Office
Fiserv to open 400,000 sq. ft. fintech hub in Berkeley Heights, with $109 million incentive

Fiserv Inc. has announced plans to lease more than 400,000 square feet for a new financial technology hub in Berkeley Heights, following the state’s approval of a seven-year, $109 million tax credit to encourage it to bring nearly 2,000 jobs to New Jersey.

Office
C&W: Software firm inks 15,000 sq. ft. renewal at Jersey City office tower

A software company is staying in place after renewing its lease at a prominent Jersey City office tower, according to brokers with Cushman & Wakefield.

Office
Sanzari, communications firm sign 6,400 sq. ft. renewal in Hasbrouck Heights

Alfred Sanzari Enterprises has signed a nearly 6,500-square-foot office renewal in Hasbrouck Heights with a media and communications firm, the landlord announced Tuesday.

Retail
JLL: Daycare, preschool center leases 14,000 sq. ft. at Hoboken office building

A new daycare and preschool center is coming to the base of a well-known office complex in downtown Hoboken, in a newly announced transaction by JLL.

Office
Mack-Cali selling Jersey City office tower to Birch Group for $380 million

Mack-Cali Realty Corp. has agreed to sell a 42-story, 1.2 million-square-foot office tower in Jersey City to The Birch Group, reportedly for $380 million.

Office
Newmark inks sale of two-building, 140,000 sq. ft. portfolio at repositioned Warren campus

A joint venture has sold a pair of multipurpose commercial buildings in Warren, marking its latest transaction at a renovated and rebranded campus near Interstate 78.

Government & Public Policy
Passaic County, eyeing reuse of Toys R Us campus, among eight to receive EDA grants

The state is helping to jumpstart efforts to repurpose the sprawling former Toys R Us campus in Wayne, thanks to one of eight newly approved grants by the Economic Development Authority.