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.

Office
Investment group sells two-building office complex in Berkeley Heights

An investment firm has sold a nearly 303,000-square-foot office complex in Berkeley Heights, under a newly announced transaction by JLL.

Office
Marketing, communications agency renews at Bridgewater office building

A marketing and communications firm has renewed its lease at a Bridgewater office building, under a newly announced transaction by NAI James E. Hanson.

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.

Office
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.

Office
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
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.

Office
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.

Office
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.