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
NKF: Life sciences deals in Florham Park, Bridgewater lead Q1 office leasing

Two life sciences companies have taken a combined 215,000 square feet in Morris and Somerset counties, accounting for New Jersey’s largest new office leases during a positive first quarter.

Professional Services
Colliers announces recent hires to New Jersey brokerage team

Colliers International is touting the recent addition of two young brokers in New Jersey.

Office
Somerset acquires ex-AT&T campus, plans second Bell Works near Chicago

Riding the success of its Bell Works project — the adaptive reuse of the landmark Bell Labs campus in Holmdel — Somerset Development is taking its show on the road.

Finance & Capital Markets
Sale of ex-United Water HQ complete, site slated for senior living project

The site of a former United Water headquarters building in Bergen County is on track to be redeveloped as a senior living complex, following a sale announced by NAI James E. Hanson.

Policy Page
Trifecta of sweet spots: Urban revival, suburban makeovers and industrial boom

Commercial real estate developers and their professionals are a tough breed of entrepreneurs who thrive on thinking outside the box. My recent observation of presentations to the judges for NAIOP’s Deal of the Year awards (to be announced at the May 16 Gala), confirmed the latent creativity and tireless work ethic in this business — a business that is, in reality, all about hospitality and human resources as developers and brokers focus on creating amenity-rich spaces to compete for tenants and the modern workforce.

Office
Bergen County acquires 34,000 sq. ft. Hackensack office building

The longtime owner of a 34,000-square-foot office building in Hackensack has sold the property to one of its tenants, the Bergen County government, under a deal arranged by NAI James E. Hanson.

Professional Services
NAI Mertz names executive VP, managing director

NAI Mertz has deepened its bench with a longtime commercial real estate executive, who will help oversee its four offices in South Jersey and eastern Pennsylvania.

Events
New Jersey Future unveils smart growth award winners for 2019

New Jersey Future has announced the winners of its 2019 Smart Growth Awards, a group that includes adaptive reuse projects in four of the state’s major cities.

Office
NKF named leasing agent for three-building office campus in Warren

A three-building, 231,000-square-foot office park in Warren is slated for a series of updates as part of a newly announced marketing plan by Newmark Knight Frank.

Office
Claims manager takes 5,000 sq. ft. in Atlantic County, Vantage says

A claims management provider has leased 5,000 square feet of office space in Galloway, under a newly announced transaction by Vantage Real Estate Services.