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.

Editor’s Note
New year, new optimism

Among those of you who shared your predictions for 2019, the worst thing I heard was “I’m not sure yet.” And if uncertainty is the worst thing we have in the year ahead, I think we’re well-equipped to take our chances. In the interim, we’re thrilled to begin our third full year of Real Estate NJ, the only New Jersey-based publication dedicated exclusively to commercial real estate.

Residential & Mixed Use
Mack-Cali to acquire new Jersey City apartment complex, Metropark office tower

Mack-Cali Realty Corp. is in talks to acquire one of Jersey City’s newest luxury residential properties while adding to its office holdings in the Metropark submarket, the latest among several transactions announced Thursday by the real estate investment trust.

Events
NAIOP unveils 2019 gala honorees, installs new chapter president

NAIOP New Jersey will honor two of the industry’s top players in capital markets and commercial mortgage banking as part of its annual awards gala this spring, where it will also recognize a pair of influential developers and one of the state’s longest-serving mayors.

Office
Hollister completes build-out for office, co-working firm in Short Hills (SLIDESHOW)

Hollister Construction Services has taken the wraps off a new build-out at a Short Hills office building, where a co-working and office space provider has taken 16,000 square feet.

Deals
Ironside Newark draws second law firm tenant

A rendering of the office space at Ironside Newark — Courtesy: Edison Properties By Joshua Burd Edison Properties has attracted another law firm to its adaptive reuse project known as Ironside Newark, inking a 4,000-square-foot lease with a boutique litigation…

Office
Avison Young named leasing agent at Cedar Knolls office building

The owner of a 119,000-square-foot office building in Cedar Knolls has tapped Avison Young as its leasing agent, with plans to complete a series of upgrades in the coming months.

Office
Law firm acquires 7,500 sq. ft. Piscataway building, Boniakowski says

A law firm is set to relocate to a newly acquired, 7,500-square-foot building in Piscataway, following a transaction by The Boniakowski Commercial Real Estate Group.

Finance & Capital Markets
New York Life inks $31 million loan for Jersey City office building

Hartz Mountain Industries has landed $31 million in financing for a well-known office building on the Hudson waterfront, thanks to a loan provided by New York Life Insurance Co.

Office
NAI Mertz named leasing agent for 112,000 sq. ft. office campus in Cherry Hill

The owner of a 24-building, 112,378-square-foot office campus in Cherry Hill has tapped NAI Mertz to bring new tenants to the property.

Policy Page
Incentives are investments that build over time

Gov. Phil Murphy’s economic vision calls for a State of Innovation that builds a stronger and fairer economy in New Jersey and sets goals related to faster job growth, faster median wage growth, increased venture capital investment, closing the racial and gender wage employment gaps and encouraging thriving urban centers. These are laudable goals and I believe we will get there, if we are careful in how we invest our scarce financial resources, which include incentives for the workforce so desperately needed and the targeted industries that generate the jobs required to help achieve these goals.