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.

People
Larken Associates adds senior project manager, director of construction accounting

Larken Associates has expanded its in-house construction team with the addition of two veteran industry professionals.

Office
AIG to join growing tenant roster at Goldman Sachs tower, inking 230,000 sq. ft. lease

American International Group Inc. will lease a reported 230,000 square feet at the Goldman Sachs tower in Jersey City, marking the latest high-profile addition to the 40-story building.

Editor’s Note
A fresh look

You wouldn’t know it by the last four months, but major news stories are always prone to ebbs and flows. The federal Opportunity Zone program is a case in point when it comes to commercial real estate publications. The investment vehicle has been all the rage at various points since it was created in late 2017, only to take a step back as buzz died down.

Office
Kearny Point expands selection of private offices as tenants seek safety, control

Hugo Neu Corp. has unveiled a collection of about 200 private offices at its Kearny Point campus, providing an option for tenants seeking an alternative to the crowded, collaborative spaces that run counter to social distancing guidelines.

Finance & Capital Markets
Pandemic slows first-half investment sales in northern, central New Jersey, DiLeo-Bram says

Commercial real estate investors across five New Jersey counties took a cautious approach during the coronavirus outbreak, as transaction volume fell through the first half of the year.

Office
Hoboken developer, property manager unveils framework for safe return to work

A longtime developer and property manager in Hoboken is rolling out new guidelines to help its commercial tenants and corporate employees return to work safely and confidently.

Top News
JLL: Buyers wanted for North Jersey medical office, light industrial buildings

The owner of two medical office buildings and a light industrial property in northern New Jersey has put the portfolio on the market, in a newly announced offering by JLL.

Top News
DeMarco out after five years at Mack-Cali, as REIT names interim CEO

Michael DeMarco is out as CEO of Mack-Cali Realty Corp., the company announced, following a year-long proxy fight that saw activist investors win control of its board of directors.

Office
New Jersey properties included in $97 million ground lease sale

An investment group has acquired a collection of ground-leases in New Jersey as part of a four-state, $97 million transaction with Brandywine Realty Trust.

Office
WCRE inks sale of 5,700 sq. ft. Hamilton office building

A nearly 6,000-square-foot office building in Hamilton is under new ownership, following a transaction arranged by Wolf Commercial Real Estate.