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
Population, policy shifts in focus at NAIOP developers’ panel

The role of demographics and government were in focus recently as NAIOP New Jersey hosted its annual CEO Perspective event. Joined by a crowd of professionals and developers, four executives highlighted key trends and policies that are shaping New Jersey’s real estate sector, while raising questions about what could impact the industry in the near term.

Office
Just how important are state incentives? Ask Prism’s Gene Diaz

Just how important were New Jersey’s incentives programs in luring Modern Meadow from Brooklyn to the former Hoffmann-LaRoche campus in northern New Jersey?

Office
Profeta sells historic Philadelphia office building for $29 million after 35 years

After 35 years of ownership, Paul V. Profeta & Associates Inc. has sold an 80,000-square-foot office building in downtown Philadelphia for $28.75 million.

Office
Fintech firms provide signs of life in N.J. office market

While office leasing in the state has been tepid for most of the year, financial technology firms in Mercer County have provided a rare bright spot in recent months.

Industrial
Totowa flex complex trades for $65.5 million, C&W says

Mack-Cali Realty Corp. has sold a 13-building flex and industrial park in Totowa, in a $65.5 million deal brokered by Cushman & Wakefield.

Professional Services
Veteran architect joins Gensler in Morristown

Global architecture firm Gensler has added to its Morristown office with the hiring of a new design director.

Current Issue
Can tech firms, startups fuel job growth and new office requirements in New Jersey?

In a market that has been hurt by densification and lackluster job growth, many of the state’s largest office leases in recent years have been tied to tenants looking to consolidate and upgrade their space. But technology and information firms have been a rare source of expansion in New Jersey, fueling new space needs that are about more than just a flight to quality.

Making sure the Garden State can grow its technology sector is a matter of creating the right environment and promoting what the state can offer in the way of labor, education and accessibility. Experts say it’s also up to landlords to ensure that they provide the space that tech users are looking for.

Office
At Ironside Newark, Edison Properties seeks to attract modern tenants by tapping into history

Blending the past with the future is one of the main principles behind Edison Properties’ $80 million plan to convert a well-known, 107-year-old warehouse along McCarter Highway in Newark into state-of-the-art, loft-style office space.

Residential & Mixed Use
VIDEO: Groundbreaking for New Brunswick Performing Arts Center

The New Brunswick Development Corp. broke ground this week on the long-awaited New Brunswick Performing Arts Center, a $172 million, 450,000-square-foot project. Here is a video from the ceremony, courtesy of the developer.

Residential & Mixed Use
Devco, public officials break ground for New Brunswick Performing Arts Center

The New Brunswick Development Corp., public officials and a host of other stakeholders broke ground Wednesday on the $172 million New Brunswick Performing Arts Center project. Slated to rise 23 stories on Livingston Avenue, the mixed-use complex stands to transform the city’s famed downtown cultural arts district, spanning 450,000 square feet that will include performance venues, office space and more than 200 luxury apartments.