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
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.

Office
Multistate platform drives 2016 leasing for Denholtz

Denholtz Associates recorded some 1 million square feet of leasing activity in 2016, including about 700,000 square feet in New Jersey and a deal with a major publishing company in Florida.

Professional Services
Point Pleasant-based architect named AIA-NJ president-elect

The New Jersey chapter of the American Institute of Architects has installed Verity L. Frizzell as its president-elect, the organization announced.

Government & Public Policy
How could a Trump administration affect CRE in New Jersey? Experts weigh in

With inauguration day on the horizon, there has been no slowdown in speculation over how a Donald Trump presidency will impact the commercial real estate sector.

Retail
Aberdeen tax breaks aim to spur investment on Route 35

Local officials in Aberdeen have unveiled new incentives to encourage new commercial development and improvements to existing buildings around the township’s Route 35 corridor.