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
C&W tapped to manage ex-Honeywell campus in Morris Plains

The new owner of the former Honeywell International headquarters in Morris Plains has selected Cushman & Wakefield to manage the property.

Government & Public Policy
Murphy signs $14 billion incentive package

Gov. Phil Murphy has signed into law a bill that would create a seven-year, $14 billion package of tax incentives for key businesses and development projects in the state.

Office
Newmark: With demand weakened by pandemic, New Jersey office market stumbles into 2021

Vacancy in the northern New Jersey office market grew for four straight quarters in 2020, even as a handful of industries showed the ability to withstand the effects of pandemic.

Office
JLL touts new lease, renewal at Woodcliff Lake office building

Western Union has committed to more than 10,000 square feet at a Woodcliff Lake office building, in one of two newly announced transactions by JLL.

Office
CBRE named leasing agent at new-look Vision building in Morristown

Vision Real Estate Partners has tapped CBRE as its leasing agent at a newly renovated, well-known office building in downtown Morristown.

Office
C&W inks 20,000 sq. ft. extension at Princeton-area office building

A financial services firm has signed a 20,000-square-foot lease extension at a West Windsor office building, brokers with Cushman & Wakefield announced Monday.

Office
Honeywell sells 465,000 sq. ft. headquarters building in Morris Plains

Honeywell International has offloaded its 465,000-square-foot former headquarters building in Morris Plains, selling the property to a Manhattan-based investment firm.

Office
KABR extends 48,000 sq. ft. lease in Ridgefield Park with Samsung IT division

Samsung has extended another lease at a Ridgefield Park office campus, this time for a 48,000-square-foot space occupied by its software and IT services unit.

Health Care & Education
Gene therapy company takes 62,000 sq. ft. at massive life sciences campus in Hopewell

Another life sciences company is coming to the 1.14 million-square-foot former Bristol-Myers Squibb campus in Hopewell, where it plans to lease 62,000 square feet of laboratory space.

Government & Public Policy
Lawmakers pass $14 billion incentives bill, with Murphy expected to sign

A bill to create a sweeping new program of business and development incentives in New Jersey is awaiting Gov. Phil Murphy’s signature after being passed by state lawmakers on Monday.