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.

Government & Public Policy
EDA to launch municipal planning grant program for ailing office, retail buildings

The state has taken a new step to support municipalities seeking to tackle the issue of vacant or underused commercial and retail properties in their towns, under a new planning grant program announced Thursday by the Economic Development Authority.

Office
Montvale office building sold, slated for conversion to medical

The buyer of a 14,000-square-foot office building in Montvale plans to convert the property to medical space, following a sale arranged by NAI James E. Hanson.

Industrial
JLL: Bordentown business park, development site fetch $19 million

An investment group has sold a two-building office and warehouse complex in Bordentown, in a $19 million sale arranged by JLL.

Finance & Capital Markets
Progress brokers $4.4 million loan for Irvington medical office sites

Progress Capital Advisors has secured more than $4 million for a client to refinance and upgrade two medical office properties in downtown Irvington.

Events
Home rule, redevelopment in focus at Rutgers forum

Commercial real estate leaders, policy experts and public officials gathered last month to tackle an all-too-familiar problem in New Jersey — rethinking the state’s suburban office parks and retail centers to position them for the economy of the future.

Office
Developer refis 79,000 sq. ft. office building for $8.8 million, HFF says

The owner of an office building in Eatontown has refinanced the property for $8.8 million, in a transaction arranged by brokers with HFF.

Office
Gloucester County office building sold for $900,000, Markeim Chalmers says

A residential real estate company has acquired a 10,000-square-foot office building in Washington Township, according to real estate services firm Markeim Chalmers Inc.

Professional Services
With decades of history, a close-knit team has guided Blau & Berg’s continued growth

The Blau & Berg Co. has more than doubled the size of its sales team over the past five years alongside a major increase in revenue — growth that has been guided largely by its family roots and a feeling of shared responsibility.

Office
JLL: Two submarkets lead the way in Q3 office rebound

Two northern New Jersey submarkets accounted for more than 90 percent of the absorption in the region’s office market during the third quarter, according to JLL, leading a comeback after a lackluster start to the year.

People
Saxum adds controller to growing team

Saxum Real Estate has added to its team with the hiring of a new controller.