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
Hotel project will unlock potential for conference, events business at Bell Works

At full build-out, the massive Bell Works project in Holmdel will be home to some 8,000 daily office workers. But newly unveiled plans for a rooftop hotel are a reminder of the project’s potential to be much more than a repurposed corporate campus.

Office
Mack-Cali set to dial back property sales after topping $500 million in 2017

Mack-Cali Realty Corp. reaped more than $500 million last year from the sale of buildings and joint venture interests, with additional sales slated for 2018 as it winds down its plan to right-size and reposition its vast portfolio.

Government & Public Policy
Hurdles remain in push to repair N.J. highways, advocate says

Despite a new dose of funding from the state’s gas tax, New Jersey is still far from achieving the level of investment it needs to sustain its vital transportation infrastructure. That was one key message on Wednesday from a top advocate for infrastructure spending, who offered a mix of good news and bad news to a crowd of developers and service professionals.

Health Care & Education
Advance touts another tenant expansion at Bridgewater life science campus

A pharmaceutical firm is the latest tenant to expand at Advance Realty’s flagship life sciences campus in Bridgewater, where it has taken nearly 13,000 square feet.

Office
Camden County office building sells for $475,000

An investor has paid nearly $500,000 for a 4,700-square-foot office building in Camden County, in a sale arranged by Markeim Chalmers.

Health Care & Education
Princeton medical building is largest in 1.4 million sq. ft., multistate portfolio sale

A large medical office building near Princeton has changed hands as part of a seven-state, 1.4 million-square-foot portfolio sale announced Tuesday by JLL.

Office
Report: Leasing slowdown could yield opportunity, stable rents for N.J. office tenants

Tenant brokers with Savills Studley are touting an opportunity for office users in 2018, amid last year’s slowdown in leasing volume and growing availabilities in the state’s top submarkets.

Finance & Capital Markets
Investors Bank touts $2.7 billion in CRE loans in 2017

Multifamily projects in Morristown and Monroe are among the latest developments financed by Investors Bank, contributing to more than $2.5 billion in commercial real estate activity completed by the lender in 2017.

Office
Two-building complex changes hands in Pennsauken, WCRE says

Wolf Commercial Real Estate has brokered the sale of a two-building, 6,600-square-foot commercial complex in Pennsauken, the real estate services firm announced Friday.

Office
Plumbing products firm inks 61,000 sq. ft. HQ lease in Parsippany

A maker of plumbing products is moving its North American headquarters to Parsippany, under a 60,600-square-foot lease announced Friday by Colliers International.