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
Quest breaks ground on 250,000 sq. ft. lab facility in Clifton

Construction is underway at Quest Diagnostics’ new flagship laboratory in Clifton, a planned 250,000-square-foot facility that is slated to become the largest in its vast portfolio.

Photos
NAIOP, Morreale host ‘Evening with a Legend’ event at Warren amenity center

Vision Real Estate Partners recently welcomed a group of young commercial real estate leaders to its new 20,000-square-foot amenity center at Warren Corporate Center in Warren, where NAIOP New Jersey held its latest “Evening with a Legend” dinner event.

Professional Services
Transwestern adds vice president to New Jersey brokerage team

Transwestern has made another addition to its New Jersey real estate services team with the hiring of a veteran broker and leasing executive.

Finance & Capital Markets
Investor demand still strong in New Jersey as buyers seek safety, certainty in commercial real estate

With 2019 underway, competition among commercial real estate investors has only intensified in New Jersey, largely around properties that offer some level of safety in the later stages of the economic expansion.The Garden State is by no means alone in that regard, but brokers and other experts say they expect demand to stay robust in the near term, citing everything from Wall Street volatility to the continued arrival of buyers from other markets.

Office
Local investor buys 90,000 sq. ft. Mack-Cali building in Morris Plains, C&W says

Mack-Cali Realty Corp. has shed another piece of its legacy office portfolio with the sale of a nearly 90,000-square-foot building in Morris Plains, brokers with Cushman & Wakefield said.

Professional Services
SIOR NJ highlights top industrial, office deals from 2018

The Society of Industrial and Office Realtors’ New Jersey chapter presented its annual largest deal awards last week, showcasing some of the industry’s top transactions of 2018.

Office
Title firm takes 5,100 sq. ft. for new HQ in Marlton

A title insurance firm is leasing more than 5,000 square feet in Marlton for its new corporate headquarters, under a transaction announced by Rose Commercial Real Estate.

Finance & Capital Markets
Investor lands $41 million acquisition loan for 768,000 sq. ft. portfolio in Warren, Somerset

The buyer of a seven-building, 768,244-square-foot portfolio in Somerset County has secured $41 million in financing, brokers with Cushman & Wakefield announced Tuesday.

Sponsored Content
The new office

As corporate occupiers transform their work environments to maximize efficiency and attract and retain talent, traditional office space has evolved. This demand is the catalyst for architects and designers to re-evaluate the function of the office, resulting in significant changes in work space.

Office
Buyer wanted for Newark office tower, NKF says

The owner of a well-known, 18-story office tower in Newark has tapped Newmark Knight Frank to market the property for sale.