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.

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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.

Government & Public Policy
NAIOP: Comptroller report only reinforces need for updated incentives in New Jersey

New Jersey’s use of tax incentives drew harsh criticism from a new audit by a state watchdog agency, but commercial real estate leaders say they welcome the scrutiny — and see it as a step toward updating and renewing the programs later this year.

Office
A new day for Gateway: How Onyx plans to transform Newark’s iconic office complex

A joint venture announced that it has acquired 1, 2 and 4 Gateway Center, allowing it to consolidate ownership of 1.6 million square feet of office space. Onyx Equities LLC is part of that group and is now spearheading the effort to modernize the network of pathways, part of a high-profile effort to overhaul the complex.

Office
HFF: Buyer wanted for 119,000 sq. ft. office building in Montvale

The owner of a 119,000-square-foot office building in Montvale, which houses the U.S. headquarters of a well-known travel company, has put the building on the market.

Office
CBRE: Investor buys LVMH headquarters building in Springfield for $13 million

The Springfield office building that is home to LVMH Moët Hennessy Louis Vuitton SE, the French luxury goods conglomerate, has changed hands for $13.3 million.

Retail
Owner of former Mahwah daycare site inks 9,800 sq. ft. office lease

An office user has backfilled a former daycare center in Mahwah, under a nearly 10,000-square-foot transaction brokered by NAI James E. Hanson.

Office
Medical practice takes 3,450 sq. ft. for new HQ in Cherry Hill, WCRE says

An orthopedics and sports medicine practice has leased nearly 3,500 square feet at a Cherry Hill office building, Wolf Commercial Real Estate announced Friday.

Top News
A winning formula: How CBRE helped engineer some of New Jersey’s top office sales

In a time when investors have reaped windfalls from upgraded office buildings in New Jersey, CBRE’s capital markets team has been on the front lines — spearheading a host of high-profile deals involving newly stabilized, Class A buildings in the state.

Top News
NAI DiLeo-Bram mourns Jeffry Jones

The state’s commercial real estate community is mourning the loss of Jeffry Jones, a longtime broker with NAI DiLeo-Bram & Co.