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.

Residential & Mixed Use
Denholtz, a leader in value-add commercial projects, also returning to residential

Now in its 65th year in business, Denholtz Associates has continued its longtime focus on value-add office and industrial projects. But it’s also marking a return to its roots, with a pipeline that includes new residential construction for the first time in decades.

Office
Zimmel touts 45,300 sq. ft. in leases at Raritan Center

A global insurance firm has leased 35,000 square feet at an Edison office building, in one of four recent transactions announced by brokerage firm Zimmel Associates.

Office
P3 Properties acquires Morris Corporate Center III in Parsippany

A real estate investment firm has added to its growing office portfolio in the state, acquiring a piece of the well-known Morris Corporate Center campus in Parsippany.

Professional Services
Avison Young adds to brokerage team in Morristown

Real estate services firm Avison Young has hired a new associate in its Morristown office.

Editor’s Note
Editor’s note: After a busy year, a look at what’s to come

Ask anybody in the real estate business and they’ll most likely agree: Being busy is a good thing. We couldn’t agree more as a publication that covers this industry and thrives on all of the deal making, construction activity and other bits of news that help us bring you a monthly magazine and a daily newsletter. The market has been so busy that I’m not quite sure where the time has gone, yet here we are as we prepare to close out the first year of Real Estate NJ.

Events
CREW NJ inducts new president, board of directors (SLIDESHOW)

A new slate of leaders have taken the reins at Commercial Real Estate Women of New Jersey, the state’s top association for connecting and advancing professional women across the industry.

Retail
Jiu-jitsu academy inks 2,600 sq. ft. lease in Hackensack, NAI Hanson says

A martial arts academy is relocating and expanding within Hackensack, following a 2,600-square-foot lease brokered by NAI James E. Hanson.

Office
Berger: Upgrades coming to 19-story office tower

Berger Organization has unveiled plans to renovate a well-known, 450,000-square-foot office tower in downtown Newark after acquiring the building earlier this year.

Government & Public Policy
Christie, Cuomo pledge more than $5.5 billion to Gateway tunnel project

The states of New Jersey and New York will contribute more than $5.5 billion to building a second tunnel under the Hudson River, a long-awaited project seen as critical to the region’s economy and as protection against future flooding events like Hurricane Sandy.

Office
NAI Hanson: Investor buys Morris Co. office building

An investor has acquired and will occupy a portion of an 11,000-square-foot office building in Mountain Lakes, under a recent sale brokered by NAI James E. Hanson.