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
Ridgewood office building sells for $2 million, Marcus says

A well-known office building in Ridgewood has changed hands for $2 million, following a transaction arranged by Marcus & Millichap.

Editor’s Note
Making strides

No matter how much I write about commercial real estate, it’s never enough for me to fully appreciate the connection between a developer and one of his or her buildings. That said, Peter Sudler summed it up well enough earlier this year, when he spoke about demolishing a vacant, antiquated office building to make way for a new industrial development.

Office
Colliers: State agencies ink full-building, 62,000 sq. ft. lease in Cherry Hill

The state of New Jersey has leased nearly 62,000 square feet at a Cherry Hill office park, brokers with Colliers International announced Tuesday.

Government & Public Policy
EDA convenes startups, investors at Founders & Funders event

Entrepreneurs from two dozen emerging technology and life sciences firms in New Jersey met face to face last week with would-be investors, as part of an event hosted by the state Economic Development Authority.

Office
Mack-Cali: New deals on the horizon for waterfront, suburbs as building overhauls continue

After a lackluster end to 2017, executives with Mack-Cali Realty Corp. say leasing activity is poised for a rebound in its Hudson waterfront and suburban office buildings.

Office
Amenities complete at revamped Meadowlands building, Bergman says

Bergman Real Estate Group has unveiled a series of new amenities at a 120,000-square-foot office building in Lyndhurst.

Government & Public Policy
Planting the seed: The time to prepare for legal cannabis is now, real estate experts say

Insiders say the prospect of legalized recreational marijuana could have substantial benefits for New Jersey’s commercial real estate market, even with a long list of risks and complexities.

Office
WCRE brokers sale of Voorhees office building

A nearly 75,000-square-foot office building in Voorhees has changed hands, following a deal announced recently by Wolf Commercial Real Estate.

Government & Public Policy
EDA takes formal steps to support New Brunswick redevelopment site

State officials and the New Brunswick Development Corp. will begin efforts to strategize and craft a financial model for a redevelopment site in New Brunswick, where Gov. Phil Murphy has called for creating a campus for research and innovation.

Retail
Pierson named leasing agent for Ironside Newark retail space

Edison Properties has tapped Pierson Commercial to lease and market the retail space at Ironside Newark, its mixed-use redevelopment of a historic warehouse in the city.