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.

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.

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.

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.

NKF: New Providence office, R&D building trades for $23 million

Mountain Development Corp. has sold a multitenant, 171,216-square-foot office and research building in New Providence, in a deal arranged by Newmark Knight Frank.

Inside Mack-Cali’s suburban overhaul: REIT unveils office upgrades (SLIDESHOW)

Mack-Cali Realty Corp. has completed a sweeping overhaul of its key suburban office portfolio, following more than $50 million in redesigns and renovations at buildings in the Parsippany, Short Hills, Metropark and Red Bank submarkets.

NKF: Office upgrades yielding quantifiable benefits in occupancy, rent growth in New Jersey

Landlords that have renovated and refreshed New Jersey’s aging office stock can now point to the benefits, with a new report showing significantly stronger absorption and rent growth at upgraded buildings.

Quest details plans for 250,000 sq. ft. ‘flagship’ lab project in Clifton

Quest Diagnostics has taken the wraps off its plans at the ON3 campus in Nutley and Clifton, where it will build a 250,000-square-foot flagship laboratory facility that will become the largest in its portfolio.

Professional Services

NAI Hanson treasurer marks 50 years with real estate services firm

The longtime treasurer at NAI James E. Hanson is marking her golden anniversary at the company, where she has served under three generations of family ownership.

NKF: Fund makes first U.S. acquisition with $17 million office deal

An international real estate fund has made its first investment in the U.S., acquiring a Roseland office building from Normandy Real Estate Partners, in a $17.2 million deal arranged by Newmark Knight Frank.