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.

Residential & Mixed Use
Ironstate, Brookfield announce three retail, medical leases at Montclair project

A joint venture has signed its first three commercial tenants at a soon-to-be-completed, mixed-use project in downtown Montclair, inking leases with an arts education school, an indoor rock-climbing gym and a well-known health care provider.

Office
Equity inks sale of 3,600 sq. ft. office building in Elmwood Park

An office building on Route 46 in Elmwood Park has changed hands for more than $750,000, in a transaction arranged by Equity Real Estate Brokerage LLC.

Professional Spotlight
Larken names new in-house counsel amid growing deal volume

Larken Associates has announced the hiring of a new in-house corporate counsel, citing its high leasing velocity across its mix of commercial properties in several states.

Office
SJP touts build-out of new TIAA office space in Metropark (SLIDESHOW)

SJP Properties has taken the wraps off a new 64,000-square-foot office space in Woodbridge for TIAA, the Fortune 100 financial services company.

Professional Services
Colliers expands Woodbridge office to support its growing team

Colliers International has expanded the size of its Woodbridge office, touting the need to accommodate its growing team in the region.

Policy Page
A mid-pandemic snapshot of the CRE industry

While there has been some gradual improvement in commercial real estate deal activity from earlier this year, nearly half of those taking part in a recent NAIOP survey believe the pandemic will significantly affect their business operations for at least another 12 months.

Office
Investor sells Morris County office building for $50 million, completing value-add plan

An investment firm has sold a 232,000-square-foot office building in Morris County for $50 million, more than doubling the price it paid to acquire the property in early 2017.

Professional Services
Garibaldi kicks off broker apprenticeship program with two hires

The Garibaldi Group has made its first two hires under an apprenticeship program aimed at positioning its brokerage team for the future.

Professional Spotlight
Avison Young hires former Mack-Cali leasing executive

A longtime Mack-Cali Realty Corp. leasing executive has joined Avison Young’s New Jersey team.

Top News
Somerset Development inks first office, retail leases at Bell Works Chicagoland project

Somerset Development has taken new steps in its plan to open a second Bell Works location, luring its first office and retail tenants to a 1.65 million-square-foot campus outside Chicago.