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
NKF New Jersey team touts 155,000 sq. ft. office sale in Long Island

Brokers in Newmark Knight Frank’s northern New Jersey office have completed the sale of a 10-building, 155,000-square-foot office park in Long Island.

Office
Prism gains full approvals, expects to begin Morristown office project

Prism Capital Partners is set to begin construction on a plan to modernize and add two stories to an office building in downtown Morristown, bringing a much-needed infusion of high-end space.

Professional Services
Real estate investor joins Newmark as sales associate

Newmark Associates has hired a longtime real estate investor as one of the newest members of its sales team.

Office
Morristown office building sold for $5 million

A nonprofit has reaped $5 million from the sale of its 20,000-square-foot office building in downtown Morristown.

Government & Public Policy
Flood wall decision looms large for Hoboken rail yards project

State officials could soon make a decision on key flood protection measures in Hoboken — one that could make or break a long-awaited, 2.3 million-square-foot redevelopment of the rail yards at the southern edge of the city.

Office
Marcus touts mixed-use building sales in Bayonne

Two mixed-use properties in Bayonne have changed hands for a combined $3 million, following transactions arranged by Marcus & Millichap.

Office
PHOTOS: Mack-Cali hosts open house at revamped Parsippany building

Mack-Cali Realty Corp. welcomed brokers and other industry professionals recently for an open house in Parsippany, where it showed off the types of new amenities and upgrades that are meant to transform its suburban office buildings.

Office
CBRE: Office sales poised to rebound in New Jersey, despite Q2 slowdown

A flurry of large leases provided a jolt to New Jersey’s office market in the second quarter, but the story was vastly different when it came to investment sales. Fortunately, there are signs of a rebound on the horizon.

Office
Teva, P3 Properties complete 345,000 sq. ft. lease in Parsippany, JLL says

New Jersey’s largest office lease of the year to date is official. Brokers with JLL this week announced the completion of Teva Pharmaceuticals USA Inc.’s 345,000-square-foot lease at 400 Interpace Pkwy. in Parsippany, known as MCCBLUE, under a deal with P3 Properties.

Office
SJP launches new division for third-party development, construction services

SJP Properties has announced the creation of a new division within the firm, formalizing its push to expand its third-party development and construction management business.