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.

Finance & Capital Markets
CBRE arranges $107M loan for buyer of Panasonic tower

A New York-based commercial mortgage lender was the main source of financing for a Kuwait-based firm’s recent $165 million acquisition of the Newark office tower that is home to Panasonic Corp. of North America.

Office
Burlington County flex building changes hands, WCRE says

A 24,000-square-foot flex building in Delran is under new ownership, following a sale brokered by Wolf Commercial Real Estate.

Office
C&W announces new broker hires

Cushman & Wakefield has made two additions to its East Rutherford-based brokerage teams.

Professional Services
Brokerage earns green building certification for Morristown office

Avison Young’s New Jersey office in Morristown has been recognized by the U.S. Green Building Council, following a build-out led by the firm’s own project management team.

Office
Firm hopes to ‘bring SoHo to the suburbs’ with new development, investment fund

A three-year-old development and investment firm has launched its first fund, with a goal of deploying some $75 million to acquire value-add properties in transit-oriented downtowns.

Finance & Capital Markets
HFF: Mack-Cali seeking buyer for 2.2M sq. ft. Bergen County portfolio

With a continued focus on right-sizing its office holdings, Mack-Cali Realty Corp. is looking to sell a sprawling nine-building, 2.2 million-square-foot portfolio in Bergen County.

Office
Allstate is newest tenant at Bridgewater campus, JLL says

Allstate Insurance Co. has leased an entire 63,000-square-foot building in Bridgewater, the latest in a series of new deals at a four-building office park on Route 22.

Finance & Capital Markets
Investors announces more than $300M in CRE loans

Investors Bank has originated than $308 million in loans in recent weeks, financing more than a dozen transactions involving multifamily and commercial properties.

People
Four young brokers join Colliers N.J. team

Colliers International Group Inc. has added four new professionals to its brokerage teams in Parsippany and Princeton, marking its continued expansion in New Jersey.

Office
NAI Mertz marketing Camden County office space

Brokerage firm NAI Mertz has been tapped to lease a five-building, 33,400-square-foot office park in Berlin.