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.

Photos
Tulfra welcomes hundreds for annual ‘Octulfrafest’ event in Rochelle Park (SLIDESHOW)

A throng of real estate professionals converged on Rochelle Park recently for Octulfrafest, Tulfra Real Estate’s annual mash-up of business networking and German-themed revelry.

Office
Honeywell renews 40,000 sq. ft. office lease in Hamilton, Fennelly says

Honeywell International Inc. has renewed a 40,000-square-foot lease at a Hamilton office campus, in a newly announced deal by Fennelly Associates.

Current Issue
Owners Council Q&A: Sam Morreale

The market is greatly divided today between corporations that are making major investments in new facilities to attract and retain employees in a still-to-be-determined “back to work” versus “hybrid employment” environment. The remaining part of the market is indecision of corporations on utilization of their current office footprints versus the potential of downsizing due to a work at home component. Decisions also need to be made for improvements on an existing facility, whether it be to potentially right-size or relocate to a more modern and amenitized facility consistent with the employer leaders mentioned earlier.

Events
Newark Summit to highlight opportunity, innovation as city’s development boom continues

Dozens of business and civic leaders will take the stage in early December for the inaugural Newark Summit, where they’ll discuss the wave of investment and placemaking initiatives in the state’s largest city, in an event that is slated to draw more than 750 attendees.

Office
A.Y. Strauss takes 11,000 sq. ft. at Eastman-owned campus in Livingston, CBRE says

Boutique law firm A.Y. Strauss has leased nearly 11,000 square feet of office space in Livingston, brokers with CBRE announced Monday.

Office
CBRE: New Jersey office demand slumps in Q3 despite bursts in Hudson waterfront, Princeton

Office leasing in northern and central New Jersey slowed in the third quarter, a report by CBRE found, as tenants grappled with economic headwinds despite some bright spots in the market.

Events
NAIOP New Jersey unveils President’s Awards, Hall of Fame honorees for Nov. 6 program

NAIOP New Jersey will honor eight members and commercial real estate industry leaders next month when it hosts its annual President’s Awards and Hall of Fame Dinner.

Office
Radiology practice takes 16,000 sq. ft. in Mount Laurel, WCRE says

A radiology group has leased more than 16,000 square feet of office space in Mount Laurel, in a newly announced deal by Wolf Commercial Real Estate.

Office
New public plaza, park space opens at Jersey City’s Exchange Place PATH station

City officials and business leaders in Jersey City have debuted a new waterfront park for the public and daily office users in the PATH train-anchored Exchange Place district.

Office
Accounting firm CLM Advisors leases 50,000 sq. ft. for new Sewell office

Consulting and accounting firm CLM Advisors has expanded its footprint with the opening of a new 50,000-square-foot office in Gloucester County.