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.

Finance & Capital Markets
Investors Bank touts $219 million in new commercial, multifamily loans

Investors Bank has inked a $36 million loan for a 144,000-square-foot warehouse in Elizabeth, the largest among 10 recent closings announced by the lender.

Professional Services
NAI Hanson hires new associate in Parsippany

NAI James E. Hanson has added to the sales team in its Parsippany office.

Office
Newmark inks 12,500 sq. ft. lease at creative office building in Union City

A marketing firm has leased 12,500 square feet at a creative professional building in Union City, brokers with Newmark Associates announced last week.

Office
CBRE: Shrinking deal size fuels ‘persistent softness’ in N.J. office market

Smaller deals are increasingly driving New Jersey’s officemarket, a new report finds, raising the prospect of unchanged overall vacancyand flat rents in the near term despite an otherwise healthy economy.

Professional Services
LAN Associates extends, plans renovation at Midland Park headquarters

LAN Associates has recommitted to its longtime home in Midland Park, while detailing plans to renovate the 20,000-square-foot space over the next year.

Professional Services
NAI Mertz adds two sales associates to Mount Laurel team

NAI Mertz has expanded the brokerage team at its Mount Laurel headquarters with two recent hires, the real estate services firm announced.

Top News
UNICOM has bold plans for technology, community hub after acquiring former Merck HQ in Readington

UNICOM, the California-based company that has acquired the former Merck campus in Readington, is doing far more than simply backfilling space at one of New Jersey’s largest stranded assets — with plans to create a dynamic, inclusive technology campus that will attract other tenants and serve as a regional hub for research and innovation.

Office
American Water unveils new 220,000 sq. ft. headquarters in Camden

American Water has opened the doors to its new 220,000-square-foot headquarters in Camden, the first completed piece of a high-profile, billion-dollar redevelopment of the city’s waterfront.

Government & Public Policy
EDA seeking applications for grant program for ailing office, retail buildings

The state Economic Development Authority is accepting applications for a new grant program aimed at helping municipalities and counties find solutions for vacant or underused commercial properties within their borders.

Office
Schotz joins Newmark Knight Frank to lead agency services in New Jersey

Jeff Schotz, one of the state’s best-known leasing executives, is returning to brokerage as the new head of Newmark Knight Frank’s agency leasing team in New Jersey.