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
Iconic Newark Club available for lease as office space, JLL says

Brokers with JLL are marketing the space that was the longtime home of The Newark Club, the popular gathering spot for New Jersey’s business and political power players for nearly 25 years.

Professional Services
Hosey, a former talent agent, now leading Marcus & Millichap’s growth in New Jersey

Brian Hosey has risen through the ranks of Marcus & Millichap and was hired in 2014 as the regional manager for its northern New Jersey office, where he now oversees a growing sales team of about 40 for the nation’s largest investment real estate brokerage firm for private clients.

Industrial
Zimmel brokers $12.6 million in warehouse, office sales

A privately held distribution firm has sold an 85,000-square-foot warehouse in Woodbridge for nearly $10 million, in one of two recent transactions arranged by Zimmel Associates.

Office
Report: Barclays paying $69 million for redeveloped Whippany office park

A joint venture has sold a 525,000-square-foot office park in Hanover to Barclays PLC for $69 million, following efforts to reposition the property with a series of upgrades and a new amenities center.

People
Leasing, asset management executive joins Onyx

Onyx Equities has bolstered its asset management team with the hiring of a new senior vice president of office leasing.

Office
NKF tapped to broker sale of Mack-Cali buildings in Hamilton

Mack-Cali Realty Corp. has hired Newmark Knight Frank to sell six office buildings in Mercer County, as the company continues to trim its portfolio of suburban properties.

Professional Services
Longtime corporate office broker joins Colliers’ Princeton office

Colliers International Group has bolstered its office leasing team in New Jersey, hiring a veteran broker with a history of representing high-profile corporate tenants.

Hospitality & Tourism
Berger’s rehab project looks to tap into Newark’s growing hotel market

As Miles Berger knows all too well, transit access and proximity to Manhattan have been longtime drivers of Newark’s office market. He also knows that those benefits play a major role in the city’s lesser-known tourism sector. It’s why Berger is taking a major step to upgrade his hospitality portfolio in downtown Newark: a gut renovation of a 90-year-old hotel that will result in a new state-of-the-art property near the city’s Military Park.

Health Care & Education
Hudson County medical office building lands three new tenants, Weiss says

Three new tenants are joining a Union City medical office building, following a series of transactions brokered by Weiss Realty.

Residential & Mixed Use
Investors touts more than $800 million in CRE lending during Q1

A refinancing loan of $26.6 million for this 138,600-square-foot, 148-unit multifamily property in Sayreville is one of several commercial mortgages originated by Investors Bank during the first quarter. — Courtesy: Investors Bank By Joshua Burd Commercial mortgage lenders with Investors…