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
Saxum acquires 38,000 sq. ft. Red Bank office building

Developer and investment firm Saxum Real Estate has purchased a well-known, 38,000-square-foot office building in Red Bank, its latest acquisition in the borough in a little more than a year.

People
Hanson to be honored as part of 2017 New Jersey Hall of Fame class

Commercial real estate magnate Jon F. Hanson will be among more than a dozen new inductees this year for the New Jersey Hall of Fame.

Industrial
Denholtz tops 1 million sq. ft. in leasing in 2017

A mix of nearly 200 new leases and renewals helped fuel Denholtz Associates’ portfolio in 2017, allowing it to surpass 1 million square feet in activity for the second consecutive year.

Office
NKF picked to market upgraded office building in Bridgewater

The owner of a Bridgewater office building has hired Newmark Knight Frank as its leasing agent, as it continues a series of upgrades at the nearly 200,000-square-foot property.

Office
Marketing firm takes 25,000 sq. ft. in Florham Park, Avison Young says

A marketing firm is set to relocate its New Jersey office within Morris County as part of a 25,000-square-foot lease announced Tuesday by brokers with Avison Young.

Top News
New hotel project will be a welcome, high-profile addition to Sanzari campus in Teaneck

A new dual-branded hotel will be the latest piece of Alfred Sanzari Enterprises’ mixed-use Glenpointe complex in Teaneck, creating a new offering for the business campus while tapping into the demand for new hotel rooms outside Manhattan.

Office
Woodmont, CBRE debut upgrades at Princeton-area office building (SLIDESHOW)

Woodmont Properties has completed an $11 million renovation at a West Windsor office building, where brokers with CBRE are marketing nearly 35,000 square feet.

Professional Services
Medical, fitness deals among recent leases by Sitar

A medical practice has leased more than 6,000 square feet in Little Silver, in one of nearly two dozen transactions announced recently by Sitar Realty Co.

Office
With a deep bench, SJP is seizing new opportunities as a third-party developer and partner

With an in-house, full-service construction team — an asset that is increasingly rare among developers — SJP Properties is being both aggressive and creative in keeping its pipeline full in New Jersey. That means everything from third-party development work to joint ventures and acquisitions that could pave the way for new projects.

Office
How SJP is filling its talent pipeline

Commercial real estate firms in recent years have grappled with finding young talent to help fortify their ranks for years to come. But Steve Pozycki believes the long-term stability of SJP Properties has helped it attract the next generation of executives.