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.

Finance & Capital Markets
NKF details $97 million loan for Parsippany office sale

A private debt lender provided a $97 million loan for a joint venture’s recent acquisition of the Morris Corporate Center IV campus in Parsippany, Newmark Knight Frank said Thursday.

Office
JLL named leasing agent for Little Falls office complex

JLL has taken over leasing at a well-known, 415,000-square-foot office complex along Route 46.

Professional Services
DMR grows construction admin team

DMR Architects has expanded its construction administration team with three new hires.

Office
NKF: Midsized deals in life sciences, tech highlight Q1 office leasing

A lease by a life sciences company in Morristown and a tech firm’s expansion in Hoboken were among New Jersey’s top office deals in the first quarter, as part of a market that saw availability inch downward to start the year.

Office
Repositioned office campus in Bridgewater sells for $46 million

An investment firm has sold a Bridgewater office campus for $46 million, nearly double the amount it paid for the property in 2015 before launching a series of upgrades.

Health Care & Education
EDA touts small business funding at Linden laboratory business

A drug testing and monitoring company has unveiled its new 23,400-square-foot headquarters and laboratory in Linden, thanks to a mix of private and public funding sources.

Office
Joint venture names NKF leasing agent at Morris Corporate Center IV

The new owners of two high-end office buildings at the Morris Corporate Center campus in Parsippany have tapped Newmark Knight Frank to oversee leasing at the properties.

Health Care & Education
With a niche in reviving shuttered hospitals, CHA is preparing for its biggest project yet

CHA Partners has spent the past 10 years filling a void in the health care and real estate markets, having acquired and repurposed three former hospitals in New Jersey. And it’s now poised to begin its largest project to date — the long-awaited conversion of a shuttered hospital in Plainfield.

Professional Services
Avison Young announces new service program to mark five years in tristate

Avison Young is marking the fifth anniversary of its operations in the region by launching a new charitable initiative. Known as the Avison Young Five for Five program, the initiative calls for each employee in the tristate area to dedicate five hours of volunteer community service to charitable organizations over a five-month period.

Sponsored Content
Wiss: Tax reform manifesto for the real estate industry

Tax reform has been a hot topic, especially in the real estate industry. After all, real estate and construction industries have a significant impact on the U.S. economy. Wiss is proud to advise the industry on all the new changes. In our Tax Reform Manifesto for the Real Estate Industry, we explore the recent tax reform and how you or your business could be affected.