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.

Guest Columns
The rebirth of the suburbs: The impact of aging millennials and driverless car technology

This multiyear transformation of our downtown areas has led to speculation that the single-family, suburban model of development is dead. In this article, I will make a different prediction. Today, I predict that the next great housing boom will be in the suburbs. The millennials will move out of the city and into the suburbs and will commute farther distances, by car, than previous generations.

Office
In Warren, Vision looks to build on success of amenity center concept

For some tenants at The Crossings at Jefferson Park, the biking and walking trails that weave through the Whippany office campus have become a modern-day meeting space, as have the food court and lounges inside the property’s new amenity center. That’s according to executives with Vision Real Estate Partners, who are now looking to replicate and build on that success at another suburban office campus in New Jersey.

Office
Capital markets brokers Welsh, Schulz join Newmark Knight Frank

A team led by two of the state’s top capital markets brokers has joined Newmark Knight Frank, providing a powerful addition to the firm’s investment sales platform in northern New Jersey.

Office
Colliers picked to market eight-story Somerset office building

The owner of a 229,000-square-foot, eight-story office building in Somerset County has tapped Colliers International Group to sell or lease the property, the real estate services firm said.

Retail
Mack-Cali announces lease with fitness chain in Hanover

Mack-Cali Realty Corp. has signed a 40,000-square-foot lease with a national fitness operator at a shopping center near one of its flagship office parks in Morris County.

Event Coverage
United Way unveils annual Impact Award, as keynote speaker honors the ‘scrapper’

A human resources executive with UPS on Friday urged many of the state’s top developers and industry professionals to consider the “scrapper” when making hiring decisions, citing their self-reliance, perseverance and ability to solve problems.

Professional Services
Site selection, incentives advisory firm opens West Coast office

Biggins Lacy Shapiro & Co. LLC, the Princeton-based location advisory firm, is expanding westward with the opening of a new office in the San Francisco Bay Area.

Office
Route 3 office building trades for $2.5 million, Marcus & Millichap says

A private investor has paid nearly $2.5 million for a 21,600-square foot office building along Route 3 in Clifton, according to brokers with Marcus & Millichap.

Office
Upgrades complete at 415K sq. ft. Little Falls office building

The owner of a well-known office building in northern New Jersey has completed its multimillion-dollar renovation of the property, Colliers International Group Inc. said Thursday.

Office
HFF: Essex County office park sold to area investor

A real estate investment firm has acquired a 400,000-square-foot, four-building office complex just off Interstate 280 in West Orange, according to brokers with HFF.