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.

Office
Somerset office building trades for $6.8 million, Zimmel says

Denholtz Associates has sold a newly renovated, 83,300-square-foot office building in the Somerset section of Franklin, in a $6.8 million deal brokered by Zimmel Associates.

Trend Watch
Vintage office inventory poised for upgrades

In early 2018, throughout the Northern and Central New Jersey office market, nearly 38.0 million square feet of direct and sublet space was marketed for lease. Buildings constructed since 2010 comprised less than 1.0 percent of the available space, as office occupiers gravitated towards newer product. An empty construction pipeline will challenge tenants seeking modern work environments prompting owners of vintage inventory to invest in improvements and upgrades that fulfill tenant requirements.

Event Coverage
‘A changing industry’ in focus as NAIOP gala honors CRE leaders, deals of the year

A crowd of more than 800 turned out Thursday for NAIOP New Jersey’s 31st annual commercial real estate awards gala, where the organization honored some of the industry’s top executives and unveiled its coveted Deal of the Year Awards.

Professional Services
Weichert adds four commercial brokers

Weichert Commercial Brokerage has bolstered its team with four new hires.

Photos
SLIDESHOW: Jon Hanson’s induction to the New Jersey Hall of Fame

The New Jersey Hall of Fame recently inducted its 2017 class, which included Jon F. Hanson of The Hampshire Cos., during a star-studded event in Asbury Park.

Office
NAI Hanson: Children’s play space business leases 4,600 sq. ft. in Chatham

A new business geared toward child recreation is set to open in Chatham, following a 4,580-square-foot office lease arranged by NAI James E. Hanson.

Photos
Guadagno, Sheinkopf headline NJCU real estate conference

Former Lt. Gov. Kim Guadagno (left) and Hank Sheinkopf, president of Sheinkopf Communications Ltd., were among the speakers on Tuesday at “Connecting Bridges and Borders in Real Estate Property Management,” a program hosted by the New Jersey City University School of Business.

Office
Coast to coast: VREP, Rubenstein unveil plans to connect, transform Parsippany campuses (RENDERINGS)

Vision Real Estate Partners has unveiled its plans to unify and transform two well-known, adjacent office buildings in Parsippany that it acquired recently with Rubenstein Partners.

Office
Onyx tapped to manage, reposition One Gateway in Newark

Onyx Equities LLC will take over management, leasing and construction oversight of One Gateway Center in Newark, with plans to reposition the well-known office tower along McCarter Highway.

Events
Hanson inducted into New Jersey Hall of Fame

Jon F. Hanson, the revered founder of The Hampshire Cos., was among those inducted Sunday night into the New Jersey Hall of Fame, joining nearly two dozen business leaders, entertainers, public servants and others who made up the organization’s 2017 class.