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.

Government & Public Policy
EDA: Teva Pharmaceuticals weighing 345,000 sq. ft. in Parsippany

The state has approved a 10-year, $40 million tax credit package to encourage Teva Pharmaceuticals to move its U.S. headquarters from Pennsylvania to Parsippany, where it would lease more than 345,000 square feet to house more than 1,000 employees.

Government & Public Policy
State OKs incentive for E-Trade expansion in Jersey City

E-Trade Financial Corp. could be in line to expand its footprint on the Jersey City waterfront, following the approval Tuesday of a 10-year, $20.1 million tax credit package by the state Economic Development Authority.

Office
Higher and better: Developers making strides in repurposing New Jersey’s vacant, outdated office buildings

Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no longer considered usable by modern standards.

Retail
JLL: Mini-burger chain among three retail leases in downtown New Brunswick

A mini-burger chain has committed to its first New Jersey location in New Brunswick, in one of three retail leases in the city announced by JLL.

Photos
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.

Office
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.

Office
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.

Office
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.

Office
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.