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.

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.

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.