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 details tax credit overhaul, unveils new legislation

With less than four weeks to go until New Jersey’s tax incentive programs expire, Gov. Phil Murphy on Wednesday unveiled a bill to establish new subsidies for developers and businesses that would include annual caps on awards and requirements tied to union labor.

Professional Services
Garibaldi hires recent grad as broker support analyst

The Garibaldi Group has continued its effort to bolster its sales team, announcing the addition of a new broker support analyst.

Office
Silverman eyes 110,000 sq. ft. office project above Morristown retail

A developer is planning more than 100,000 square feet of new office space in downtown Morristown, seeking to use the air rights above a set of existing retail properties.

Professional Services
Sanzari adds industry veteran as director of property management

Alfred Sanzari Enterprises has added to its senior executive team with a new director of property management.

Office
Financial adviser takes 1,900 sq. ft. in Marlton, Vantages RES says

A financial planning firm has leased nearly 2,000 square feet at a Burlington County corporate park, under a newly announced transaction by Vantage Real Estate Services.

Events
Industry leaders Zucker, Marchetta honored at annual Monmouth dinner

A crowd of hundreds turned out Thursday for Monmouth University’s 26th real estate awards dinner, honoring Ralph Zucker and Anthony Marchetta as part of an annual scholarship fundraiser and show of support for the university’s Kislak Real Estate Institute.

Government & Public Policy
Newark developers, city leaders unveil long-awaited park project near Prudential Center

Developers and city officials gathered in Newark on Thursday to mark a milestone more than a decade in the making — the opening of a new public park adjacent to the Prudential Center, setting the stage for a wave of new investment between the arena and Newark Penn Station.

Office
NKF: E-commerce bedding maker moves HQ, takes 23,000 sq. ft. in Summit

A luxury bedding and home goods maker has found a new headquarters in downtown Summit, under a 23,000-square-foot lease announced Thursday by Newmark Knight Frank.

Office
Mack-Cali will evaluate business plan, explore possible sale with new committee

Mack-Cali Realty Corp. will form a committee of independent directors to review the company’s efforts to reposition its portfolio, while exploring a potential sale of the business or any of its properties in the wake of an ongoing proxy fight with activist investors.

Office
Denholtz announces rebrand, relocation to new headquarters in Red Bank

The development and investment firm long known as Denholtz Associates has unveiled a new name and a new corporate headquarters to go along with what it says is a refocused strategy.