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.

Government & Public Policy
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.

Government & Public Policy
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.

Office
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.

Top News
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?

Office
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.

Office
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.

People
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,…

Finance & Capital Markets
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.

Finance & Capital Markets
HFF: Accordia recaps, buys out partner at Fairfield office building

A longtime partner in a Fairfield office building has assumed full ownership, thanks in part to more than $27 million in financing arranged by brokers with HFF.

Retail
NAI Hanson inks sale of office, retail property in downtown Montclair

An investor has acquired a nearly 3,500-square-foot office and retail building in downtown Montclair, under a transaction arranged by NAI James E. Hanson.