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.

Top News
CBRE brokers $24M bridge loan for ex-MetLife building

The Provident Bank has provided a $24 million loan for a developer to refinance a vacant office building in Hanover, under a transaction arranged by CBRE.

Office
Berger acquires 18-story Newark office tower

A Newark property owner has added a well-known office tower to its portfolio in the city, following a deal arranged by brokers with HFF.

Office
Somerset County office building ‘with upside potential’ changes hands

A private buyer has acquired a 161,217-square-foot office building in the Somerset section of Franklin, HFF announced Tuesday.

Health Care & Education
State OKs $20M incentive for parking deck at new med school

State officials have approved a $20 million tax credit to help support the construction of a new parking and retail structure in Clifton, in what they say is a key part of the planned Seton Hall-Hackensack Meridian School of Medicine at the former Hoffman-LaRoche campus.

Office
WCRE: Signs of strength in South Jersey office market

Office leasing in three southern New Jersey counties saw a slight uptick in late 2016, according to a new report, pushing vacancy in the region to just under 11 percent to end the year.

Finance & Capital Markets
G.S. Wilcox brokers $44M in financing for developers

G.S. Wilcox & Co. has secured more than $44 million in financing tied to three recent transactions, including a $7 million loan for an industrial facility in Totowa.

Professional Services
New Weichert Commercial unit aims to help investor clients

Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.

Office
JLL: Seven office tenants ink deals at Berkeley Heights building

A group of technology, publishing and law firms have signed leases totaling more than 40,000 square feet at a Berkeley Heights office building, according to brokers with JLL.

Office
Law firm triples space at Newark office tower

A law firm has expanded its footprint within One Newark Center, a 22-story office tower in downtown Newark, in a deal arranged by brokers with JLL.

People
Onyx announces new chief investment officer

Real estate investment firm Onyx Equities has promoted Stephen Sullivan to chief investment officer, the Woodbridge-based company said Monday.