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 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.

Office
Magazine names Bell Works ‘most iconic’ building in New Jersey

The complex now known as Bell Works has earned another national distinction — being named the most iconic building in New Jersey by Architectural Digest magazine.

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.