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
How 300 Kimball set the tone in suburban office redevelopment (PHOTOS)

A decision by State Farm Insurance to vacate 300 Kimball Drive in Parsippany was not just an opportunity for Transwestern’s New Jersey team in 2012. It provided a roadmap for other landlords, investors and brokers to create new value within the state’s glut of suburban office stock.

Events
Greenbaum among CRE leaders to be honored at NAIOP gala

Arthur M. Greenbaum, a titan of New Jersey real estate law, will receive a lifetime achievement award and headline the list of honorees at NAIOP New Jersey’s annual gala this spring.

Office
Fort Lee office building near full occupancy after recent deals

A series of leases, renewals and expansions have accounted for more than 33,000 square feet of tenant activity at a 215,000-square-foot office building in Fort Lee, the property’s manager said.

Office
Mack-Cali details portfolio makeover, with $745M in sales and $500M in acquisitions

With a goal of reshaping its footprint as a “totally class A portfolio,” Mack-Cali Realty Corp. has sold more than 35 of its office buildings since the start of 2016, the company said, reaping more than $700 million from properties that it deemed nonstrategic or underperforming.

People
Cunningham joins JLL life sciences team

By Joshua Burd JLL has bolstered its life sciences practice with the addition of John Cunningham, a broker with more than 30 years of experience in the state’s commercial real estate sector. The firm announced Tuesday that Cunningham has been…

Office
C&W: Mack-Cali acquires Red Bank campus for $26M, while selling elsewhere

Mack-Cali Realty Corp. has acquired three office buildings in Red Bank for $26 million while selling a property in Bridgewater, in separate transactions arranged by Cushman & Wakefield.

Office
Massive solar panel skylight coming to Bell Works

Somerset Development has started construction on what will be the latest distinctive piece of its vast Bell Works complex in Holmdel: the largest photovoltaic glass skylight in the United States.

Finance & Capital Markets
Global appeal: Foreign investors see new opportunity in New Jersey

As an investment opportunity, 800 Scudders Mill Road checked just about every box. A state-of-the-art, trophy office complex that was only three years old. A prime location just outside Princeton. And, perhaps most important of all, a net lease with a blue-chip, global pharmaceutical giant, Novo Nordisk Inc., with a longstanding presence in the market.

Finance & Capital Markets
Panasonic tower put Newark ‘on the radar of international investors’

Far Eastern investors have accounted for most of the high-profile deals over the last year or so, but it was a Middle Eastern platform, KFH Capital Investment Co., that made the biggest splash in the fourth quarter of 2016.

Professional Services
Snow business: When winter strikes, many top N.J. property owners call on this firm

Lawns by Yorkshire is one of the largest businesses in the state when it comes to snow removal, with a book of business that includes more than 250 acres of parking lots across commercial and residential properties.