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
Onyx, Garrison acquire another Mack-Cali building in Paramus

A joint venture has expanded its fast-growing footprint in Bergen County with the addition of a 285,000 square-foot office building in Paramus.

Office
CBRE: Wayne office complex fetches $10.8 million

A landlord has sold a roughly 122,000-square-foot office complex in Wayne for nearly $11 million, according to brokers with CBRE who orchestrated the deal.

Office
JLL: Chinese investment, development firm buys Newark office tower

A joint venture has sold the 423,000-square-foot One Newark Center tower, the latest office building to change hands in downtown Newark amid heightened investor interest.

Office
Mars Wrigley moving to downtown Newark by 2020

The maker of the iconic Mars and Wrigley brands is officially moving its U.S. headquarters to Newark, where it will anchor a soon-to-redeveloped piece of the city’s downtown.

Government & Public Policy
At NAIOP forum, coalition unveils playbook for redevelopment policy

A group of commercial real estate leaders gathered Tuesday to unveil a new policy agenda to promote smart growth and redevelopment, urging lawmakers and Gov.-elect Phil Murphy to take action that will help New Jersey stay competitive in the years to come.

Health Care & Education
NAI Hanson brokers sale of medical office space near Hackensack hospital

A pain management practice is expanding with its purchase of a 2,610-square-foot medical office space in Hackensack, following a deal arranged by NAI James E. Hanson.

Office
Denholtz renews longtime law book tenant at Clark commercial center

A seller of books for law professionals has renewed its 11,700-square-foot office lease at a Clark commercial complex, landlord Denholtz Associates announced recently.

Office
Pagano: Construction, accounting firms expand at Fair Lawn office building

Two tenants have expanded their footprint inside of a three-story office building in Fair Lawn, according to representatives from Pagano Co. who brokered the deals.

Government & Public Policy
Public incentives: Building on the success of Grow New Jersey, ERG

Even the staunchest supporters of the state’s incentive programs believe it’s time for a change — but they stop well short of those who call for outright eliminating the powerful economic development tools. To that end, the Smart Growth Economic Development Coalition has proposed a series of amendments to incentives such as the Grow New Jersey tax credit and the Economic Redevelopment and Growth grant. The group cited the need to right-size the offering to reflect changes in the market and to help a broader swath of businesses, while also adding flexibility to the program and rebalancing its policy objectives.

Government & Public Policy
High-powered industry coalition seeks to provide a roadmap for new governor, Legislature

A coalition of commercial real estate industry leaders has unveiled a new set of proposals for Gov.-elect Phil Murphy and state lawmakers, seeking to refine policies that have spurred economic development in recent years and address some of New Jersey’s most glaring needs.