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
New owner plans upgrades at office building after $21.5M sale

RXR Realty has sold a 230,000-square-foot Morristown office building to a Boston-based real estate investment firm, in a $21.5 million deal brokered by HFF.

Health Care & Education
A new lease on life: Prism, local officials prepare for ‘next chapter’ of Roche campus

The resurrection of the Roche property in Nutley and Clifton is well underway — and Prism Capital Partners is already seeing tangible signs of the promise that its sprawling campus holds.

Professional Services
AY to open new N.J. office after acquiring former Cresa team

Real estate services firm Avison Young has added a team of seven from the brokerage formerly known as Cresa NJ-North/Central LLC, as part of an acquisition of the business and a move to open a second New Jersey office in Middlesex County.

Office
Not your average fixer-upper: Prism plans major renovations at remaining Roche buildings

For all the appeal of the five modern, institutional-grade office and R&D buildings that were left standing on the former Roche campus, there is still work to be done. In fact, Prism Capital Partners is planning a multimillion-dollar renovation at three of the buildings.

Health Care & Education
Turnkey R&D space, utility plant fueling interest from tenants

The planned Seton Hall-Hackensack Meridian School of Medicine is undoubtedly driving much of the interest at the former Roche campus. But it’s certainly not the only attraction.

Events
Are incentives here to stay in N.J.? Gubernatorial hopefuls weigh in at NAIOP forum

Two of the candidates in this year’s gubernatorial election would look to scale back or reconfigure the state’s development and business incentives, while three others appear ready to continue the existing programs as a way to extend the growth of New Jersey’s economy.

Professional Services
Cresa announces new management, growth plans in N.J.

Cresa, the largest tenant-only commercial real estate brokerage, has announced a new management team in New Jersey and is on the hunt for new space and new talent.

Office
Colliers: New deals boost occupancy at Route 46 office building

Colliers International Group has brokered a series of leases at a Fairfield office building, securing more than 35,000 square feet of commitments to raise occupancy by 22 percent.

Professional Services
Ex-Giants punter turned broker joins Savills Studley

A former New York Giants punter and Super Bowl champion has found a new home team in northern New Jersey — commercial real estate firm Savills Studley.

Industrial
NAI Hanson brokers lease for stone maker in Essex County

A stone fabricator is relocating to a flex building in Fairfield, following a 33,000-square-foot deal brokered by NAI James E. Hanson.