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
Biotech startup commits to former Roche campus in Nutley, reports say

A biotech firm has reportedly opted to move its headquarters from Brooklyn to a piece of the former Hoffmann-LaRoche campus in Nutley, following the approval of a $32.3 million state tax credit aimed at luring the company to New Jersey.

Office
Law firm leases 2,325 sq. ft. at Hackensack complex

Alfred Sanzari Enterprises has added another law firm to its tenant roster at Court Plaza, a 335,000-square-foot office complex in downtown Hackensack.

People
Teaneck firm touts addition of third-generation executive

A third generation has joined the leadership team at Key Properties LLC, a Teaneck-based developer and real estate management firm.

Office
Colliers: 33,000 sq. ft. office building sold for $6.2 million

A real estate firm has paid nearly $6.2 million for a South Jersey office building housing a medical practice and an energy firm, Colliers International Group announced.

Office
CBRE announces sale of three Hudson County properties

Three properties in different Hudson County communities have changed hands for a combined $5.5 million, according to brokers with CBRE Group who marketed the buildings.

Government & Public Policy
Growing life sciences firms, Big Pharma giant offered EDA incentives

State officials have approved tax credits meant to help three pharmaceutical firms grow the industry’s footprint in New Jersey, while also dangling a nearly $40 million incentive to keep a global life sciences giant from pulling its U.S. headquarters out of the state.

People
CBRE names new co-leader of N.J. capital markets group

By Joshua Burd CBRE Group Inc. has promoted one of its longtime brokers and office market experts to co-leader of its capital markets group in New Jersey, the real estate services firm announced. Jeremy Neuer takes over the position after…

Office
Secaucus office buildings fetch $21 million, CBRE says

A real estate investment firm has reaped $21 million from the sale of two office buildings in Secaucus, following a transaction brokered by CBRE Group Inc.

Office
New ownership, renovations drive leasing at Meadowlands office building

Bergman Real Estate Group has inked more than 30 leases at a Lyndhurst office building since acquiring it last year, driving up occupancy at the 120,000-square-foot property.

Finance & Capital Markets
Investors Bank: Recent CRE loans total more than $280 million

Investors Bank has continued its push to lend across different sectors of commercial real estate, originating more than $280 million in financing for 10 major transactions in recent weeks.