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.

Finance & Capital Markets

Investors eye buying, selling opportunities despite COVID challenges

Commercial real estate still holds opportunities for both sellers and investors — including those in New Jersey — provided they can navigate the challenges of the COVID-19 crisis. That was the message from experts who gathered for a virtual panel discussion on the state of capital markets in the Garden State and elsewhere.

CBRE named co-subleasing agent at Bridgewater office campus

CBRE has landed a new assignment as the co-subleasing agent for a three-building, 674,000-square-foot office campus in Bridgewater.

Cherry Hill office tenant signs 5,500 sq. ft. renewal

A tenant at a Cherry Hill office building has renewed its 5,500-square-foot lease, according to brokerage firm Rose Commercial Real Estate.

Government & Public Policy

Murphy taps developers, industry leaders economic recovery council

Gov. Phil Murphy has tapped more than three dozen development executives, labor leaders and other industry professionals as part of a new council to help restart New Jersey’s economy.

Retail, office building in South Orange trades for $11.6 million, Kislak says

A mixed-use property in downtown South Orange has changed hands for $11.6 million, in a newly announced transaction by The Kislak Co.

Joint venture sells Merrill Lynch office campus in Hopewell for $95 million

An investment group has reaped $95 million from the sale of a well-known, three-building office campus in Hopewell that is fully occupied by Merrill Lynch.

Government & Public Policy

Murphy gives towns option to extend May property tax deadline

Municipalities in New Jersey may now extend by one month the grace period for quarterly property tax payments that are due on May 1, Gov. Phil Murphy announced Tuesday.

Merck moving headquarters back to Rahway, reportedly selling Kenilworth site

Merck & Co. is leaving its Kenilworth headquarters and returning its front office to Rahway, in a move that is slated to take place by the end of 2023.

Bank sells, leases back space at 48,000 sq. ft. building in West Orange

A bank has sold and leased back part of a 48,000-square-foot office and medical building in West Orange, in a transaction arranged by The Kislak Co. Inc.

Brokers turn to video walkthroughs for North Jersey commercial buildings (VIDEO)

The coronavirus pandemic has done more than present a major health crisis to the American people — it poses a major threat to commercial real estate and the economy at large.