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
Office owner touts tenant activity, campus upgrades

Vision Real Estate Partners leased 120,000 square feet across its northern and central New Jersey portfolio in the second half of 2016, while completing major upgrades at two of its properties.

Residential & Mixed Use
Redevelopment to bring new commercial space, housing to Red Bank

A developer is on the verge of beginning work at a redevelopment site in Red Bank, where it plans to rehabilitate a commercial building and build two three-story residential properties.

Government & Public Policy
Brady retiring from PlanSmart NJ

Ann Brady, the executive director of PlanSmart NJ, will retire this spring after 25 years with the organization.

Office
HFF: Mack-Cali selling 1.26M sq. ft. flex portfolio in South Jersey

Mack-Cali Realty Corp. is seeking a buyer for another large piece of its real estate footprint — a group of more than two dozen office and flex buildings in Burlington County.

Office
Cherry Hill office park welcomes new health care tenant

An addiction treatment center has leased nearly 4,500 square feet at a Cherry Hill office building, Wolf Commercial Real Estate said Friday.

Office
SOLD: Mack-Cali’s 1.26M sq. ft. flex portfolio in South Jersey

5  Terri Lane in Burlington Township — Courtesy: HFF Below is the full list of office and flex properties in Burlington County that HFF is marketing on behalf of Mack-Cali Realty Corp.

Government & Public Policy
As expansion cycle winds down, economist still sees upside in real estate market

The U.S. economy is nearing the end of its current expansion cycle, but there are still reasons for optimism about the commercial real estate market in New Jersey and nationally.

Office
C&W: Leasing continues at upgraded office park

A Basking Ridge office park has inked more than 100,000 square feet in new leases and renewals recently, the latest activity at the 527,000-square-foot complex since a change in ownership and an ongoing series of upgrades.

Finance & Capital Markets
Union office landlord refinances for $11M

The owner of a Union office building is refinancing the property for $11 million after recently completing a series of renovations, brokerage firm HFF said Thursday.

Government & Public Policy
With a new name, mixed-use park around Prudential Center moves forward

Public officials and business leaders gathered Wednesday to unveil new details about plans to transform the surface lots around the Prudential Center into a dynamic, mixed-use park area that connects Newark Penn Station to the city’s downtown and Ironbound neighborhoods.