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
WCRE: Capital markets pick up steam in South Jersey office sector

Investment sales volume is on the rise for office buildings in three southern New Jersey counties, with nearly 800,000 square feet changing hands to start the year and another 2.7 million square feet on the market or under agreement.

Professional Services
With growth plans in sight, Colliers opens third N.J. office

Colliers International Group has opened a new location in Middlesex County as part of an expansion in the state that the firm says will only continue.

Office
New Jersey Future to honor Kearny shipyard redevelopment, other projects

A developer’s plan to transform a 2 million-square-foot former shipyard in Kearny is among several projects that will be honored later this spring by the organization New Jersey Future.

Office
Top Keystone executive promoted to president

Keystone Property Group has elevated a longtime executive to the role of president and chief operating officer, the development and investment firm said this week.

Office
Mack-Cali announces new roles for DeMarco, Rudin

Mack-Cali Realty Corp. announced Wednesday that Michael J. DeMarco, who has served as president and chief operating officer since mid-2015, will assume the title of CEO. Mitchell Rudin, who had been CEO, will become vice chairman effective immediately.

Events
CRE leaders share advice, tips and insights at Rutgers career seminar (PHOTOS)

More than 100 commercial real estate industry hopefuls gathered in Newark recently for the Rutgers Center for Real Estate’s annual career seminar.

Professional Services
AeroFarms, other sustainable projects honored by USGBC NJ (see the full list)

At its annual gala, the New Jersey chapter of the U.S. Green Building Council honored the AeroFarms project in Newark and presented five awards and three honorable mentions to sustainably built projects in New Jersey.

Office
Bell Works hires creative director to oversee building makeover

Somerset Development has hired a creative director to help it implement the transformation of the 2 million-square-foot former Bell Labs building into the mixed-use hub known as Bell Works.

Office
HFF brokers sale of Parsippany office building

Lincoln Property Co. has acquired a 114,000-square-foot office property in Parsippany, in a deal brokered by HFF’s New Jersey office.

Office
New availabilities outpace Q1 demand in N.J. office market, researchers say

New Jersey’s two largest cities started the year with high-profile office deals, but consolidations have caused an uptick in vacant space for the regional leasing market in the state.