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
South Jersey office market holds steady in Q1, WCRE says

The southern New Jersey office market saw modest gains to start the year, recording nearly 375,000 square feet of leasing volume in the region’s three most active counties.

Professional Services
Longtime restaurateur joins NAI Mertz sales team

NAI Mertz has made another addition to its fast-growing brokerage team, hiring a sales associate with a focus on expanding its retail platform.

Office
Insiders: New Jersey has only scratched the surface in co-working, flex office space sector

The country’s largest cluster of co-working and flexible office space is only just across the Hudson River, but the fast-growing industry is still largely absent from New Jersey. Experts say that is due to change — and it’s only a matter of time.

Office
Rose Commercial inks office 2,700 sq. ft. sale in Marlton

A longtime tenant of a 2,700-square-foot office building in Marlton has acquired the property, under a $450,000 sale arranged by Rose Commercial Real Estate.

Retail
Hampshire, Pinnacle win approvals to revive Montclair’s Lackawanna Plaza

Local officials have cleared the way for a joint venture to restore and reposition a century-old train station and retail plaza in Montclair, where the firms now hope to deliver more than 200,000 square feet of new commercial and residential space.

Office
NKF: Life sciences deals in Florham Park, Bridgewater lead Q1 office leasing

Two life sciences companies have taken a combined 215,000 square feet in Morris and Somerset counties, accounting for New Jersey’s largest new office leases during a positive first quarter.

Professional Services
Colliers announces recent hires to New Jersey brokerage team

Colliers International is touting the recent addition of two young brokers in New Jersey.

Office
Somerset acquires ex-AT&T campus, plans second Bell Works near Chicago

Riding the success of its Bell Works project — the adaptive reuse of the landmark Bell Labs campus in Holmdel — Somerset Development is taking its show on the road.

Finance & Capital Markets
Sale of ex-United Water HQ complete, site slated for senior living project

The site of a former United Water headquarters building in Bergen County is on track to be redeveloped as a senior living complex, following a sale announced by NAI James E. Hanson.

Policy Page
Trifecta of sweet spots: Urban revival, suburban makeovers and industrial boom

Commercial real estate developers and their professionals are a tough breed of entrepreneurs who thrive on thinking outside the box. My recent observation of presentations to the judges for NAIOP’s Deal of the Year awards (to be announced at the May 16 Gala), confirmed the latent creativity and tireless work ethic in this business — a business that is, in reality, all about hospitality and human resources as developers and brokers focus on creating amenity-rich spaces to compete for tenants and the modern workforce.