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.

C&W: Ricoh takes 56,000 sq. ft. at upgraded Parsippany office building

Electronics and printer products maker Ricoh USA is moving to a revamped office building in Parsippany, under a nearly 56,000-square-foot lease announced by Cushman & Wakefield.

We’ve heard this story before — it’s time for a different ending

Gov. Phil Murphy will give his budget message to the Legislature on Tuesday, March 5. As the voice of the commercial real estate development industry in New Jersey, NAIOP’s attention will be focused on the messaging that emanates from Trenton. Given the headlines over the last several months, we are rightly concerned about the state’s fiscal health and its ability to withstand a recession, which is all but certain by 2020.

Murphy: Developers can seek up to $4 million under proposed historic tax credit program

Gov. Phil Murphy is hoping to lure new investors to some of the state’s oldest buildings, touting a proposed historic preservation tax credit as part of his plan to overhaul New Jersey’s embattled incentive programs.

EDA: Co-working sites in central, southern New Jersey eligible for rent grants for startups

The state Economic Development Authority has added two co-working facilities in Somerset and Gloucester counties to its list of locations that qualify for rent subsidies for startup businesses.

Veterinary research group takes 5,000 sq. ft. in New Brunswick, Chilmark says

A research and consulting organization has leased 5,000 square feet of office space in New Brunswick, under a recently announced deal by Chilmark Real Estate Services LLC.

Editor’s note: Dear Amazon, we’re still here if you need us

Amazon said it won’t reopen its search for a second headquarters after pulling out of New York City, but who’s to say that Newark and other shortlisted cities will just quietly step aside?

Spine, pain practice takes 7,100 sq. ft. in Cherry Hill

A spine care and pain management practice is moving into more than 7,000 square feet of office space in Cherry Hill, following a lease arranged by Rose Commercial Real Estate.

Bergman has spent three decades creating value, opportunity in New Jersey’s office market

Bergman Real Estate Group has stayed true to its core objective of creating value in New Jersey’s office market — but the firm has also evolved in how it reaches that goal, in a state whose buildings are now showing their age.

NAI Hanson hires associate for Bergen County sales team

By Joshua Burd NAI James E. Hanson has added to its brokerage team with the hiring of a new associate. The real estate services firm announced Wednesday that David M. Ukleja has joined its Teterboro office. In the new role,…

Investors touts $2.48 billion in commercial real estate lending in 2018

Investors Bank inked nearly $2.5 billion in commercial real estate loans in 2018, including $385 million in volume across 19 transactions to close out the year.