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.

Policy Page
Incentives are investments that build over time

Gov. Phil Murphy’s economic vision calls for a State of Innovation that builds a stronger and fairer economy in New Jersey and sets goals related to faster job growth, faster median wage growth, increased venture capital investment, closing the racial and gender wage employment gaps and encouraging thriving urban centers. These are laudable goals and I believe we will get there, if we are careful in how we invest our scarce financial resources, which include incentives for the workforce so desperately needed and the targeted industries that generate the jobs required to help achieve these goals.

Office
WCRE: Law firm renews for 16,400 sq. ft. in Marlton

A law firm has renewed its lease for more than 16,000 square feet at a Marlton office building, in a newly announced transaction by Wolf Commercial Real Estate.

Office
Newmark inks sale of 3,000 sq. ft. office building in Morristown

An area law firm has acquired a 3,000-square-foot building in Morristown, brokers with Newmark Associates announced last week.

Government & Public Policy
Incentives: A look at Murphy’s plans to streamline, cap subsidy programs

Gov. Phil Murphy detailed his plans to update the state’s incentive programs, speaking Wednesday during an event in Jersey City. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd After lashing out at New Jersey’s high-profile tax credit incentives, Gov.…

Office
NKF: Joint venture sells 197,000 sq. ft. office building in Parsippany

A nearly 200,000-square-foot office building in Parsippany has changed hands among well-known landlords, following a sale arranged by Newmark Knight Frank.

People
JLL hires prominent brokerage team, plans new Princeton office

A well-known, Princeton-area brokerage team has joined JLL as part of the firm’s plan to launch a new office and expand its reach in the high-profile submarket.

Office
Pain management practice finds new HQ in Mount Laurel

A growing pain management practice has acquired an 11,052-square-foot office building in Mount Laurel, under a transaction arranged by Rose Commercial Real Estate.

Top News
Larken recaps 700,000 sq. ft. in leasing, new acquisitions in 2018

Larken Associates is touting a 20 percent increase in leasing activity in 2018, part of a year in which it also added two New Jersey shopping centers to its regional portfolio.

Sponsored Content
Real Estate NJ’s 2019 Market Forecast

What does the year 2019 have in store for New Jersey’s commercial real estate market? We recruited some of the most influential developers, professionals and thought leaders in New Jersey commercial real estate to give us their predictions for the year ahead.

Office
Joint venture acquires Gateway 1, 2 and 4 in Newark, plans concourse transformation

A joint venture has acquired 1, 2 and 4 Gateway Center in Newark, bringing 1.6 million square feet of office space under a common ownership and paving the way for a sweeping, multimillion-dollar plan to modernize the complex’s concourse and streetscape.