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.

Hospitality & Tourism
Holmdel OKs plan for rooftop hotel at Bell Works

Local officials have cleared the way for Somerset Development to build a new 200-room hotel atop Bell Works, its adaptive reuse of the iconic Bell Labs complex in Holmdel.

Office
NAI Hanson named leasing agent for 139,000 sq. ft. office building

Brokers with NAI James E. Hanson are marketing a 139,000-square-foot office building in northern Bergen County, touting the ability for tenants to capture Class A space at a good value.

Office
Korman details plans for 500,000 sq. ft. timber office tower at Newark stadium site (RENDERINGS)

Lotus Equity Group has unveiled new details about its massive redevelopment plan for the former Newark Bears stadium — including what it says will be the largest mass timber office building in the United States.

People
Sanzari promotes project manager to director role

A project manager at Alfred Sanzari Enterprises has earned an expanded role and a new title after more than a decade with the firm’s construction department.

Finance & Capital Markets
Progress Capital brokers $7 million refinance in NYC

Progress Capital Advisors has arranged $7 million in financing for the owner of a 38,000-square-foot, mixed-use property in Queens.

Health Care & Education
CBRE: Growth of pharma, biotech firms offers bright future for R&D space in N.J.

Despite years of consolidation by Big Pharma, New Jersey is one of a handful of markets that stand to gain from a promising growth trajectory for the U.S. life sciences sector.

Office
Local firm acquires 9,200 sq. ft. Cherry Hill building, NAI Mertz says

A nearby business will relocate to a 9,200-square-foot office and warehouse building in Cherry Hill, following a sale arranged by a broker with NAI Mertz.

Office
Mack-Cali to subsidize Uber rides at Metropark buildings

Mack-Cali Realty Corp. will subsidize Uber rides to and from its suburban Metropark office buildings, under a newly announced partnership with the ridesharing company aimed at creating additional convenience at the properties.

Office
NAI Hanson brokers sale of office condos in Morris Co.

A law firm has acquired two professional office condominiums in Flanders as part of a deal announced this week by NAI James E. Hanson.

Office
VREP hires new directors of leasing, property management

Vision Real Estate Partners has bolstered its leadership team with the addition of directors of leasing and property management.