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.

CBRE roundtable tackles impact of big data on commercial real estate

CBRE recently hosted a roundtable discussion at its Saddle Brook office to address how big data is impacting commercial real estate.

Government & Public Policy

Big-name companies in finance, pharma on EDA agenda for incentives

E-Trade Financial Corp. and Teva Pharmaceuticals have applied for more than $60 million in combined tax credits for proposals in Jersey City and Parsippany, respectively, with the state Economic Development Authority slated to consider their applications on Tuesday.

Biopharma firm moving U.S. headquarters out of New Jersey

French biopharmaceutical firm Ipsen is moving its U.S headquarters out of New Jersey and into Massachusetts, although it said it still plans to maintain a presence in the Garden State.

Denholtz inks 15,900 sq. ft. renewal in Hamilton

A design and consulting firm has renewed its nearly 16,000-square-foot lease at a Hamilton office building, property owner Denholtz Associates said last week.

Vision Real Estate, PCCP detail acquisition of J&J site in Morris County

A joint venture has closed on its purchase of a former Johnson & Johnson campus in Morris Plains, where it’s planning a redevelopment anchored by an existing Class A office building.

JLL named leasing agent for One Gateway in Newark

The owners of One Gateway Center in Newark have hired JLL as the leasing agent for the 26-story office tower, less than a month after announcing plans to reposition the property.

Professional Services

Architecture firm touts flurry of new hires in New Jersey, continuing growth

A Hamilton-based design and planning firm has continued its expansion with eight new hires.

Saxum adds to portfolio in downtown Red Bank

Investment and development firm Saxum Real Estate has acquired another building in downtown Red Bank, with plans to reposition and rebrand the property as additional boutique office space.

Finance & Capital Markets

SJP, PGIM refinance Bridgewater building for $32.5 million, JLL says

Brokers with JLL have secured a $32.5 million loan for SJP Properties and PGIM Real Estate to refinance a 325,000-square-foot office building in Bridgewater, the real estate services firm said.

Mack-Cali inks 130,000 sq. ft. lease in Woodbridge with insurance provider

A growing insurance company has leased more than half of a Mack-Cali Realty Corp. building in Woodbridge, bringing the 200,000-square-foot property to full occupancy.