A state agency is looking into six companies that were awarded tax credits under New Jersey’s beleaguered incentive programs, including a global drug manufacturer and several firms with ties to George E. Norcross III, the powerful South Jersey Democratic leader.
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.
Murphy reiterates plan to veto incentives extension, hopes for ‘common ground’
Gov. Phil Murphy doubled down on his pledge to veto a bill to extend New Jersey’s embattled tax incentive programs, while still offering hope for a compromise with state lawmakers.
In Red Bank, Denholtz finds a new home and new opportunities
The convenience was hard to beat at Denholtz Properties’ longtime headquarters in Matawan, a three-story office building that sits directly off the Garden State Parkway. But the firm’s new office in Red Bank has much more to offer.
Paramount debuts new 12,000 sq. ft. headquarters in downtown Newark
Paramount Assets has moved its headquarters to downtown Newark, as it continues to build its pipeline of redevelopment and historic rehabilitation projects in the city.
Marcus inks $5.75 million sale of West Orange office building
A private investor has sold a nearly 35,000-square-foot office building in West Orange, under a newly announced sale by Marcus & Millichap.
Brooklyn investor acquires Cherry Hill office park for $17.4 million, JLL says
A joint venture has sold a three-building office complex in Cherry Hill, under a $17.4 million transaction arranged by JLL.
Walsh joins Advance as managing director for development, construction
Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.
HFF: Investor acquires 119,000 sq. ft. office building in Montvale
A private equity firm has sold a 119,000-square-foot office building in Montvale, the home of a well-known travel company and other tenants.
Atkins completes two expansions at upgraded medical office building
Atkins Cos. has inked two lease expansions with tenants at a newly updated, 46,400-square-foot medical office building in Burlington County.
Investment group buys East Brunswick office tower for $38 million
American Equity Partners has paid $38 million to acquire a piece of the Tower Center office complex in East Brunswick, under a transaction arranged by CBRE.
