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.

Industrial
Rockaway commercial building trades for $3.9 million, Charity Realty says

A commercial building in Morris County has changed hands for the first time in 30 years, according to a brokerage team with Charity Realty International.

Top News
CBRE: Pipeline for office conversions on the rise in New Jersey, exceeding 8.6 million sq. ft.

Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.

Office
Larken brings speaking agency to Branchburg office building

Larken Associates is set to welcome a new tenant to a Branchburg office building, having leased more than 1,300 square feet to an agency that represents prominent public speakers.

Health Care & Education
Doctor buys 1,200 sq. ft. office condo in Mahwah, NAI Hanson says

A physician has found a new home for her practice after purchasing a medical office condominium in Mahwah, according to brokers with NAI James E. Hanson.

Office
Solar company takes 9,000 sq. ft. in Jersey City office deal, C&W says

A solar energy company has leased more than 9,000 square feet of office space in Jersey City, in a newly announced transaction by Cushman & Wakefield.

Office
New Jersey office market shows ‘early signs’ of recovery in Q3, Collier says

The state’s office market took modest steps toward a recovery in the third quarter, as the pace of new listings slowed and as renewals helped sustain leasing activity in many locations.

Professional Services
Avison Young bolsters New Jersey project, construction management groups

Avison Young has announced two new hires on its New Jersey project and construction management teams.

Government & Public Policy
Developer secures final approval for 500,000 sq. ft. mixed-use project in Hoboken, Jersey City

Local officials have cleared the way for a developer to break ground on what will be 500,000 square feet of new commercial and residential space at the border of Hoboken and Jersey City.

Office
Fiserv to open 400,000 sq. ft. fintech hub in Berkeley Heights, with $109 million incentive

Fiserv Inc. has announced plans to lease more than 400,000 square feet for a new financial technology hub in Berkeley Heights, following the state’s approval of a seven-year, $109 million tax credit to encourage it to bring nearly 2,000 jobs to New Jersey.

Office
C&W: Software firm inks 15,000 sq. ft. renewal at Jersey City office tower

A software company is staying in place after renewing its lease at a prominent Jersey City office tower, according to brokers with Cushman & Wakefield.