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.

Saxum adds controller to growing team

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

Pharma contractor takes 45,500 sq. ft. in Cranbury

A pharmaceutical supply services firms has leased more than 45,000 square feet of lab and research and development space in Cranbury, brokers with Cushman & Wakefield said Tuesday.

Growing fiscal problems demand action

Business as usual is just not possible anymore. New Jersey’s underperforming economy, bloated public sector spending and rising cost of living, along with Congress’s decision to reduce the state and local tax deduction, are forcing our collective hands to do better. There is no better place to start than at home in our local municipalities and school districts, where consolidations and sharing of services can produce both real financial savings and better outcomes. Simultaneously, state and county governments need to do likewise. Taxpaying businesses and residents deserve accountability, and this may require audits of how and where every dollar of taxpayer money is being spent.

Murphy details plans to revamp Grow New Jersey, ERG programs

Amid his sweeping plan to spur a new wave of innovation in the state’s economy, Gov. Phil Murphy has offered a glimpse at what could come of the incentive programs that have helped bolster New Jersey’s commercial real estate market in recent years.

NKF: New Jersey office leasing hits two-year high for absorption

New Jersey’s office market is riding high from a series of blockbuster leases over the summer, recording its highest quarterly increase in net absorption in two years.

CBRE inks $34.25 million office sale in Secaucus

A joint venture has sold a 192,000-square-foot office building in Secaucus, in a $34.25 million sale arranged by brokers with CBRE.

Sale of former Merck campus in Whitehouse Station complete, UNICOM says

A California-based IT services firm has closed on its purchase of the former Merck & Co. headquarters campus in Readington, where it now plans to establish a regional headquarters.

Garibaldi plans rebrand, expanded focus as it marks its centennial

As The Garibaldi Group prepares for its 100-year anniversary, the firm is making a push to recast itself and expand the services it provides to the commercial real estate industry — including a major rebrand that it will unveil this fall, new strategic hires and a continued push into the tech sector, one that was largely sparked by its experience at Bell Works.

Montvale office building sells for $14 million

A development and investment firm has reaped $14 million from the sale of a newly upgraded, 94,000-square-foot office building in Montvale, brokers with JLL announced.

Private equity, real estate firms moving to Sanzari campus in Teaneck

Two companies are relocating to Alfred Sanzari Enterprises’ flagship Glenpointe campus in Teaneck, where they are taking a combined 7,300 square feet.