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
HFF brokers $9.9 million loan for Montvale office deal

The buyer of a nearly 94,000-square-foot office building in Montvale has secured $9.94 million in acquisition financing, under a transaction arranged by brokers with HFF.

Residential & Mixed Use
Denholtz gains approvals, unveils expanded plan for mixed-use Red Bank project

Denholtz Associates has received approval for a newly expanded plan to bring a mix of new apartments and commercial space to a site adjacent to Red Bank’s train station.

Office
JLL: Data backup firm takes 30,000 sq. ft. in Englewood Cliffs

A cloud data solutions firm has leased 30,000 square feet in Englewood Cliffs, in a transaction arranged by brokers with JLL.

Office
Amazon eyeing locations outside Newark for HQ2, reports say

Newark appears to have fallen short in its bid to land Amazon’s coveted second headquarters, with published reports indicating that the company is leaning toward New York City and northern Virginia as part of a split location.

Policy Page
Big data: Many challenges but a wealth of next-gen jobs

The influx of “big data” can be overwhelming and complex — coming with privacy concerns and other challenges — but it provides a great opportunity to help developers and landlords improve operational efficiencies and attract and retain tenants.

Office
Mack-Cali touts three major renewal, expansion leases on waterfront

Three major tenants have renewed and expanded within Mack-Cali Realty Corp.’s waterfront portfolio, leasing a combined 323,000 square feet in two Jersey City office buildings.

Office
Marlton office building sells for $5.1 million

A local investment group has acquired a 40,000-square-foot office building in Marlton, under a $5.1 million sale arranged by Markeim Chalmers Inc.

Office
Hackensack office building inks four leases with law firms

Four law firms have signed leases at a 225,000-square-foot office building just minutes from the Bergen County Courthouse in Hackensack.

Finance & Capital Markets
NKF inks sales of Bayonne retail center, Marlton office building

Investors have paid a combined $11 million for a Bayonne shopping center and a Marlton office building, in separate deals announced Friday by Newmark Knight Frank.

Government & Public Policy
Murphy unveils Hoboken flood wall location, but fate of rail yards project still unclear

Gov. Phil Murphy has announced a long-awaited plan for a flood barrier at the southern end of Hoboken, although its location could threaten or dramatically alter a proposal to redevelop the rail yards alongside the city’s busy train terminal.