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.

Events
New Jersey Future to honor CBRE’s Medina, five projects at annual Smart Growth Awards

New Jersey Future will highlight five transformative development projects this fall as part of its 24th annual Smart Growth Awards, where it will also recognize one of the state’s longtime and distinguished leaders in commercial real estate and economic development.

Finance & Capital Markets
Inspired lands construction loan in Asbury Park, bridge loan for Bell Works Fort Monmouth

Inspired by Somerset Development has closed on two significant loan transactions, securing a combined $246 million in financing for a luxury condominium project in Asbury Park and its acclaimed Bell Works Fort Monmouth campus in Tinton Falls.

Professional Services
National Integrity Title Agency, based in Marlton, launches Pennsylvania headquarters

National Integrity Title Agency is expanding beyond its South Jersey headquarters with a new office in southeast Pennsylvania.

Health Care
Construction underway for new 186,000 sq. ft. skilled nursing center in Montvale

The operator of what will be a new skilled nursing facility in Montvale has broken ground on the project, where it’s bringing new life to the former site of a vacant office building.

Office
Larken completes refresh of 43,000 sq. ft. office building in Greenwich Township

Larken Associates has completed a major update of a nearly 43,000-square-foot professional and medical office building in Warren County, the real estate firm announced Wednesday.

Office
Office leasing stays strong in New Jersey as smaller deals, flight to quality fuel demand in Q2

New Jersey office tenants remained active in the second quarter, especially in higher-end buildings, showing a willingness to commit when the right space is available.

Office
Spice importer takes 2,400 sq. ft. at Piscataway office building, Boniakowski says

A spice importer is expanding with the help of a newly completed office lease in Piscataway, according to a brokerage team with The Boniakowski Commercial Real Estate Group

Government & Public Policy
Expansion plans: How CREDA will build on NAIOP’s rich legacy in New Jersey

NAIOP’s long-awaited rebrand to the Commercial Real Estate Development Association is especially significant for a New Jersey chapter that is one of the organization’s oldest, giving it a rich history and a broad reach that its leaders hope will become even more expansive.

Finance & Capital Markets
JLL: Buyer wanted for distressed loan secured by 432,000 sq. ft. Jersey City office building

The holders of a nonperforming $130 million loan for a Jersey City office building are hoping to sell the debt after foreclosing on the property earlier this year.

Office
Service provider takes 2,200 sq. ft. at Hillsborough business center, Sheldon Gross says

The owner of a Hillsborough commercial property has secured a new tenant, filling more than 2,200 square feet in a deal brokered by Sheldon Gross Realty and Deluccia Commercial Group.